La Veta, Huerfano County, Colorado Property Taxes
Median LA VETA, CO effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median LA VETA, CO home value: $146,026
Median annual LA VETA, CO tax bill: $840, $1,560 lower than the national median property tax bill of $2,400.
How are property taxes in Huerfano calculated?
Property taxes in LA VETA, CO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding LA VETA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LA VETA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
La Veta, Huerfano County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$891
$827
Property Tax Rates Across La Veta, Huerfano County, Colorado
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs for providing services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this process is essentially repeated each year.
In La Veta, located in Huerfano County, Colorado, the effective property tax rate stands at 0.61%, which is significantly lower than the national median property tax rate of 1.02%. This makes La Veta an appealing option for property owners seeking lower tax burdens. When compared to other cities within Colorado, La Veta maintains a consistent tax rate, as it is both the highest and lowest within its zip code. This can be an attractive feature for potential homeowners or investors looking to manage property expenses effectively. By understanding these local tax dynamics, property owners can make informed decisions that align with their financial goals.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective La Veta Tax Rate
0.61%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Huerfano County Tax Rate
0.60%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across La Veta, Huerfano County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81055 | 0.39% | 0.58% | 0.61% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across La Veta, Huerfano County, Colorado
When examining property taxes in LA VETA, CO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Huerfano County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Huerfano County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in LA VETA.
For example, the median home price in LA VETA is $146,026, with tax bills ranging significantly across the county. The zip code 81055 has the highest median home price at $146,026.
Property Tax Assessment Values Across La Veta, Huerfano County, Colorado
Source: Ownwell
$72,886
$109,456
$146,026
Median La Veta Market Value
$146,026
Median Huerfano County Market Value
$83,356
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across La Veta, Huerfano County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81055 | $26,337 | $78,566 | $146,026 | $237,636 | $359,396 |
Source: Ownwell
Property Tax Bills Across La Veta, Huerfano County, Colorado
Median La Veta Tax Bill
$840
Median Huerfano County Tax Bill
$439
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across La Veta, Huerfano County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81055 | $159 | $408 | $840 | $1,457 | $2,167 |
Source: Ownwell