Sheridan Lake, Kiowa County, Colorado Property Taxes
Median Sheridan Lake, CO effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Sheridan Lake, CO home value: $27,358
Median annual Sheridan Lake, CO tax bill: $254, $2,146 lower than the national median property tax bill of $2,400.
How are property taxes in Kiowa calculated?
Property taxes in Sheridan Lake, 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 Sheridan Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sheridan Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sheridan Lake, Kiowa County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$107
$100
Property Tax Rates Across Sheridan Lake, Kiowa County, Colorado
Local government entities set tax rates, leading to significant variations within a state. Annually, each county, including Kiowa County, estimates its required budget to provide essential services. This budget is then divided by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
Sheridan Lake in Kiowa County, CO, offers a unique perspective on property taxation. The effective property tax rate here stands at 0.68%, which is notably lower than the national median property tax rate of 1.02%. This means homeowners in Sheridan Lake generally pay less in property taxes compared to the national average. Furthermore, the median property tax bill in Sheridan Lake is likely lower than the national median of $2,400, offering a financial advantage to property owners. By understanding these local nuances, property owners can make informed decisions about their investments and financial commitments.
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 Sheridan Lake Tax Rate
0.72%
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 Kiowa County Tax Rate
1.00%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sheridan Lake, Kiowa County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81071 | 0.64% | 0.72% | 0.72% | 0.98% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Sheridan Lake, Kiowa County, Colorado
When examining property taxes in Sheridan Lake, 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 Kiowa County Appraisal District 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 Kiowa 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 Sheridan Lake. For example, the median home price in Sheridan Lake is $27,358, with tax bills ranging significantly across the county. The zip code 81071 has the highest median home price at $27,358.
Property Tax Assessment Values Across Sheridan Lake, Kiowa County, Colorado
Source: Ownwell
$14,925
$15,112
$15,298
Median Sheridan Lake Market Value
$14,925
Median Kiowa County Market Value
$14,925
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sheridan Lake, Kiowa County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81071 | $8,902 | $14,925 | $14,925 | $35,022 | $77,489 |
Source: Ownwell
Property Tax Bills Across Sheridan Lake, Kiowa County, Colorado
Median Sheridan Lake Tax Bill
$108
Median Kiowa County Tax Bill
$149
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Sheridan Lake, Kiowa County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81071 | $64 | $102 | $108 | $408 | $793 |
Source: Ownwell