Hugo, Lincoln County, Colorado Property Taxes
Median Hugo, CO effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Hugo, CO home value: $109,231
Median annual Hugo, CO tax bill: $690, $1,710 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Hugo, 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 Hugo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hugo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hugo, Lincoln County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$770
$714
Property Tax Rates Across Hugo, Lincoln County, Colorado
Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Hugo, located in Lincoln County, Colorado, the effective property tax rate is 0.72%. This rate is aligned with the highest and lowest median tax rates within the state, showcasing a unique uniformity in the region. When compared to the national median property tax rate of 1.02%, Hugo's rate is significantly lower, offering potential savings for property owners. Furthermore, the national median property tax bill stands at $2,400, suggesting that residents in Hugo may experience a lower financial burden in terms of property taxes. This favorable tax environment can be an attractive factor for potential homeowners and investors considering the area.
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 Hugo Tax Rate
0.74%
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 Lincoln County Tax Rate
0.64%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hugo, Lincoln County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80821 | 0.37% | 0.51% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Hugo, Lincoln County, Colorado
When examining property taxes in Hugo, Colorado, 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 Lincoln 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 Lincoln 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 Hugo. For example, the median home price in Hugo is $109,231, with tax bills ranging significantly across the county. The zip code 80821 has the highest median home price at $109,231.
Property Tax Assessment Values Across Hugo, Lincoln County, Colorado
Source: Ownwell
$53,854
$111,466
$169,078
Median Hugo Market Value
$104,028
Median Lincoln County Market Value
$106,222
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hugo, Lincoln County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80821 | $14,925 | $43,903 | $104,028 | $171,185 | $253,822 |
Source: Ownwell
Property Tax Bills Across Hugo, Lincoln County, Colorado
Median Hugo Tax Bill
$651
Median Lincoln County Tax Bill
$612
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Hugo, Lincoln County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80821 | $110 | $274 | $651 | $1,107 | $1,693 |
Source: Ownwell