Wiggins, Morgan County, Colorado Property Taxes
Median Wiggins, CO effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Wiggins, CO home value: $294,865
Median annual Wiggins, CO tax bill: $1,884, $516 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan calculated?
Property taxes in Wiggins, 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 Wiggins’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wiggins, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wiggins, Morgan County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$2,211
$2,052
Property Tax Rates Across Wiggins, Morgan County, Colorado
Local government entities in Wiggins, located in Morgan County, CO, set property tax rates that can vary significantly within the state. Each year, the county calculates its budget needs to maintain essential services and divides this amount by the total value of all taxable properties in its jurisdiction. This process determines the property tax rate for the area. While setting tax rates and budgets involves votes and legislative measures, this annual calculation is at the core of the process.
Wiggins' effective property tax rate can be compared to other cities in Colorado and the national median property tax rate of 1.02%. The median property tax rate in Colorado is 0.75%, which is below the national average. This lower rate can be an attractive factor for property owners considering a move to Wiggins. By understanding these tax dynamics, property owners can make informed decisions about their investments and potential savings in property taxes.
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 Wiggins Tax Rate
0.75%
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
0.57%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wiggins, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | 0.53% | 0.53% | 0.75% | 0.75% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Wiggins, Morgan County, Colorado
When examining property taxes in Wiggins, 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 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 Morgan 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 Wiggins. For example, the median home price in Wiggins is $294,865, with tax bills ranging significantly across the county. Zip code 80654 has the highest median home price at $294,865.
Property Tax Assessment Values Across Wiggins, Morgan County, Colorado
Source: Ownwell
$109,470
$202,168
$294,865
Median Wiggins Market Value
$294,865
Median Morgan County Market Value
$211,955
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wiggins, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | $90,789 | $201,828 | $294,865 | $370,660 | $468,757 |
Source: Ownwell
Property Tax Bills Across Wiggins, Morgan County, Colorado
In Wiggins, located in Morgan County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of its market value. The median home price here is $294,865. Property tax rates in this area are competitive, with the highest and lowest median tax bills both at $1,884, which is below the national median property tax bill of $2,400. Homeowners in Wiggins can expect tax bills ranging from the 25th percentile at $1,266 to the 90th percentile at $2,891. These figures highlight the variability in tax bills, which can significantly impact homeowners' finances.
Factors such as changes in property value and local tax rates can influence the final tax bill. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax liabilities. With personalized assistance, homeowners can navigate the complexities of property tax assessments and identify opportunities for savings, ensuring they pay only what they truly owe.
Median Wiggins Tax Bill
$1,884
Median Morgan County Tax Bill
$1,191
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Wiggins, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | $558 | $1,266 | $1,884 | $2,354 | $2,891 |
Source: Ownwell