Fowler, Otero County, Colorado Property Taxes
Median Fowler, CO effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Fowler, CO home value: $65,488
Median annual Fowler, CO tax bill: $352, $2,048 lower than the national median property tax bill of $2,400.
How are property taxes in Otero calculated?
Property taxes in Fowler, 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 Fowler’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fowler, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fowler, Otero County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.31%
Estimate Property Tax Bill
$307
$284
Property Tax Rates Across Fowler, Otero County, Colorado
Local government entities set tax rates, which can vary widely within a state. Every year, counties determine their necessary budget to maintain services and divide this by the total assessed value of all taxable property within their boundaries. This calculation results in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is essentially the annual process.
In Fowler, located in Otero County, Colorado, the effective property tax rate stands at 0.58%. This rate is notably lower than the national median property tax rate of 1.02%. Consequently, homeowners in Fowler benefit from a more affordable property tax burden compared to many other parts of the country. This lower rate can make Fowler an attractive option for potential property buyers seeking lower annual tax expenses.
When comparing Fowler's tax rate to other cities in Colorado, it aligns with the state's median, offering residents a competitive rate within the state. For those considering a move to Colorado, understanding these tax rates can be crucial in making an informed decision about property investment and long-term financial planning.
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 Fowler Tax Rate
0.31%
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 Otero County Tax Rate
0.26%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fowler, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | 0.17% | 0.22% | 0.31% | 0.41% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Fowler, Otero County, Colorado
When examining property taxes in Fowler, 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 Otero 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.
Assessment notices:
In Otero 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 Fowler. For example, the median home price in Fowler is $65,488, with tax bills ranging significantly across the county. 81039 has the highest median home price at $65,488.
Property Tax Assessment Values Across Fowler, Otero County, Colorado
Source: Ownwell
$67,905
$98,338
$128,770
Median Fowler Market Value
$98,880
Median Otero County Market Value
$88,348
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fowler, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | $32,179 | $53,268 | $98,880 | $160,140 | $255,762 |
Source: Ownwell
Property Tax Bills Across Fowler, Otero County, Colorado
In Fowler, located in Otero County, CO, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is a percentage of the market value, which is influenced by factors such as the property's location, size, and condition. Homeowners in Fowler face a median property tax bill of $352, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, ranging from the 25th percentile at $189 to the 90th percentile at $1,296, depending on the specific characteristics of the property and any applicable exemptions.
For homeowners looking to reduce their property tax burden, Ownwell offers expert services to identify potential savings. By analyzing property assessments and ensuring accurate valuations, Ownwell helps clients appeal excessive assessments and secure exemptions, potentially saving homeowners hundreds of dollars. With the highest and lowest median tax bills in Fowler both at $352, ensuring accurate assessments is crucial for fair taxation.
Median Fowler Tax Bill
$239
Median Otero County Tax Bill
$177
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Fowler, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81039 | $88 | $126 | $239 | $639 | $1,343 |
Source: Ownwell