Limon, Lincoln County, Colorado Property Taxes
Median Limon, CO effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Limon, CO home value: $135,444
Median annual Limon, CO tax bill: $771, $1,629 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Limon, 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 Limon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Limon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Limon, Lincoln County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$773
$717
Property Tax Rates Across Limon, Lincoln County, Colorado
Local government entities are responsible for setting tax rates, which can vary widely within a state. Annually, each county 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.
Below, you can compare Limon’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. Limon, located in Lincoln County, has a median tax rate of 0.60%. This rate is significantly lower than the national median property tax rate of 1.02%, offering a more affordable option for property owners. In fact, Limon's rate is consistent across the county, as both the highest and lowest median tax rates in the area are also 0.60%. This consistency provides predictability for property owners in 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 Limon Tax Rate
0.64%
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 Limon, Lincoln County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80828 | 0.37% | 0.63% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Limon, Lincoln County, Colorado
When examining property taxes in Limon, 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 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 Limon. For example, the median home price in Limon is $135,444, with tax bills ranging significantly across the county. 80828 has the highest median home price at $135,444.
Property Tax Assessment Values Across Limon, Lincoln County, Colorado
Source: Ownwell
$53,854
$111,466
$169,078
Median Limon Market Value
$120,729
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 Limon, Lincoln County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80828 | $14,925 | $53,455 | $120,729 | $216,501 | $320,497 |
Source: Ownwell
Property Tax Bills Across Limon, Lincoln County, Colorado
In Limon, Colorado, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in Limon is $135,444, and homeowners can expect a median tax bill of $771, which is significantly lower than the national median property tax bill of $2,400. Factors influencing the tax bill include the property’s assessed value and the local tax rate. For homeowners, this tax bill can be a substantial annual expense, impacting household budgets and financial planning.
Ownwell offers a solution by helping homeowners in Limon potentially lower their property tax bills. By providing expert property tax appeal and exemption services, Ownwell can identify discrepancies in property assessments and ensure that homeowners are not overpaying. This service can lead to significant savings, reducing the financial burden on homeowners. With Ownwell’s expertise, homeowners can navigate the complexities of property tax assessments and focus on enjoying their homes without the stress of excessive tax bills.
Median Limon Tax Bill
$706
Median Lincoln County Tax Bill
$612
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Limon, Lincoln County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80828 | $95 | $330 | $706 | $1,262 | $1,897 |
Source: Ownwell