Log Lane Village, Morgan County, Colorado Property Taxes
Median Log Lane Village, CO effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%. Median Log Lane Village, CO home value: $109,470. Median annual Log Lane Village, CO tax bill: $513, $1,887 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan County calculated?
Property taxes in Log Lane Village, 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 Log Lane Village’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Log Lane Village, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Log Lane Village, Morgan County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$570
$529
Property Tax Rates Across Log Lane Village, Morgan County, Colorado
Local government entities set property tax rates, which can vary widely within Colorado. 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 LOG LANE VILLAGE, located in Morgan County, the effective property tax rate is 0.59%. This rate is notably lower than the national median property tax rate of 1.02%. Compared to other cities in Colorado, LOG LANE VILLAGE offers a more favorable tax environment for property owners. The state of Colorado itself generally maintains lower property tax rates compared to the national average, making it an attractive option for homeowners looking to save on property taxes. With the highest and lowest median tax rates in the region both at 0.59%, LOG LANE VILLAGE stands out as a consistent and appealing choice for those seeking lower property tax obligations.
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 Log Lane Village Tax Rate
0.59%
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 Morgan County Tax Rate
0.54%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Log Lane Village, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80705 | 0.46% | 0.59% | 0.59% | 0.59% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Log Lane Village, Morgan County, Colorado
When examining property taxes in Log Lane Village, 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 Morgan 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 Morgan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Log Lane Village.
For example, the median home price in Log Lane Village is $109,470, with tax bills ranging significantly across the county. 80705 has the highest median home price at $109,470.
Property Tax Assessment Values Across Log Lane Village, Morgan County, Colorado
Source: Ownwell
$96,660
$227,953
$359,245
Median Log Lane Village Market Value
$96,660
Median Morgan County Market Value
$245,000
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Log Lane Village, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80705 | $14,920 | $15,678 | $96,660 | $190,098 | $267,399 |
Source: Ownwell
Property Tax Bills Across Log Lane Village, Morgan County, Colorado
Median Log Lane Village Tax Bill
$545
Median Morgan County Tax Bill
$1,391
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Log Lane Village, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80705 | $88 | $132 | $545 | $1,096 | $1,614 |
Source: Ownwell