La Junta, Otero County, Colorado Property Taxes
Median LA JUNTA, CO effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median LA JUNTA, CO home value: $56,569
Median annual LA JUNTA, CO tax bill: $239, $2,161 lower than the national median property tax bill of $2,400.
How are property taxes in Otero County calculated?
Property taxes in LA JUNTA, 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 LA JUNTA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LA JUNTA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
La Junta, Otero County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$266
$247
Property Tax Rates Across La Junta, Otero County, Colorado
Local government entities establish tax rates, which can differ significantly within a state. This variation is primarily because each county annually determines its necessary budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a part in setting tax rates and budgets, this is essentially the annual procedure.
In La Junta, located in Otero County, Colorado, the effective property tax rate stands at 0.47%. This rate is notably lower than the national median property tax rate of 1.02%. When comparing La Junta's rate to other cities in Colorado, it remains consistent with the state's lower property tax trend. The national median property tax bill is $2,400, further highlighting the affordability of property taxes in La Junta. This lower tax rate can be an attractive factor for property owners and potential buyers looking to minimize their tax burden while enjoying the benefits of residing in a community with a lower cost of living.
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 La Junta Tax Rate
0.47%
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
0.47%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across La Junta, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81050 | 0.23% | 0.45% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across La Junta, Otero County, Colorado
When examining property taxes in LA JUNTA, 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 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 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 LA JUNTA. For example, the median home price in LA JUNTA is $56,569, with tax bills ranging significantly across the county. 81050 has the highest median home price at $56,569.
Property Tax Assessment Values Across La Junta, Otero County, Colorado
Source: Ownwell
$49,806
$71,015
$92,224
Median La Junta Market Value
$56,569
Median Otero County Market Value
$57,973
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across La Junta, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81050 | $13,854 | $30,752 | $56,569 | $99,574 | $156,796 |
Source: Ownwell
Property Tax Bills Across La Junta, Otero County, Colorado
In LA JUNTA, property tax bills are calculated based on the assessed value of a home, which is a percentage of the home's market value. For homeowners in Otero County, this means the assessed value is multiplied by the local tax rate to determine the property tax bill. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value, impacting the final tax bill.
For many homeowners, property taxes can be a significant expense. With a median home price of $56,569, property tax bills in LA JUNTA range widely, with the 25th percentile at $132 and the 90th percentile reaching $731. This variance highlights the importance of ensuring your property is assessed accurately.
Ownwell can assist homeowners in LA JUNTA by providing expert property tax appeal services. By reviewing your property's assessed value and ensuring it reflects the true market value, Ownwell helps you potentially lower your tax bill, offering peace of mind and financial savings.
Median La Junta Tax Bill
$239
Median Otero County Tax Bill
$266
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across La Junta, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81050 | $62 | $132 | $239 | $422 | $731 |
Source: Ownwell