Phillips County, Colorado Property Taxes

Name: Property Tax Bills Across Phillips County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Phillips County effective property tax rate: 0.71%, significantly lower than the national median of 1.02%. Median Phillips County home value: $138,922. Median annual Phillips County tax bill: $987, $1,413 lower than the national median property tax bill of $2,400.

How are property taxes in Phillips County calculated?

Property taxes in Phillips County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Holyoke or another part of Phillips County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Phillips County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$986

$915

Ownwell’s Phillips County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Phillips County with just two data points. By entering your property's estimated assessed value, our calculator applies Phillips County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Phillips County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Phillips County, Colorado

Local government entities set tax rates, and these can vary significantly within a state. Each year, counties determine their necessary budget to fund services and divide this by the total value of all taxable property in their area. This calculation establishes the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core annual process.

Phillips County in Colorado boasts an effective property tax rate of 0.71%, which is below the national median of 1.02%. Within the county, Haxtun has the highest median property tax rate at 0.74%, while Amherst enjoys the lowest at 0.59%. These figures highlight the variability even within a single county. Comparing Phillips County's rate to the national median, residents benefit from a lower tax burden. Understanding these differences is crucial for property owners seeking to manage their expenses effectively. With lower rates than the national average, Phillips County offers a more favorable property tax environment, making it an attractive option for homeowners.

Property Tax Rates Across Phillips County, Colorado

Source: Ownwell

0.59%

0.66%

0.74%

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 Phillips County Tax Rate

0.71%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Phillips County, Colorado

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Amherst	0.59%	0.59%	0.59%	0.59%	0.59%
Haxtun	0.61%	0.74%	0.74%	0.74%	0.74%
Holyoke	0.61%	0.71%	0.71%	0.71%	0.71%
Paoli	0.66%	0.66%	0.66%	0.66%	0.69%
Ovid	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Phillips County, Colorado

When examining property taxes in Phillips County, 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 Phillips 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. Assessment notices: In Phillips 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 Phillips County. For example, the median tax bill in Phillips County is $1,018, with tax bills ranging significantly across the county. Holyoke has the highest median home price at $144,136.

Property Tax Assessment Values Across Phillips County, Colorado

Source: Ownwell

$84,702

$114,419

$144,136

Median Phillips County Market Value

$138,922

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Phillips County, Colorado

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Amherst	$14,606	$42,192	$84,702	$135,901	$163,902
Haxtun	$48,502	$88,946	$136,616	$208,828	$286,368
Holyoke	$39,200	$90,669	$144,136	$211,947	$285,578
Paoli	$23,778	$63,124	$116,663	$147,682	$199,675
Ovid	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Phillips County, Colorado

In Phillips County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, local tax rates are applied to calculate the tax bill. Factors such as local government budgets, school funding, and public services influence these rates. With a median home price of $138,922, homeowners in Phillips County experience a range of property tax bills. The median tax bill is $1,018 in Holyoke, while Amherst has a lower median tax bill of $497. The 25th percentile tax bill is $629, indicating that a quarter of homeowners pay less than this amount, while the 75th percentile tax bill is $1,480, showing that a quarter pay more. The 90th percentile tax bill reaches $1,939. Compared to the national median property tax bill of $2,400, Phillips County homeowners generally benefit from lower property tax bills, making homeownership more affordable in the area.

Property Tax Bills Across Phillips County, Colorado

Source: Ownwell

$497

$758

$1,018

Median Phillips County Tax Bill

$987

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Phillips County, Colorado

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Amherst	$86	$248	$497	$798	$1,070
Haxtun	$362	$643	$1,006	$1,512	$1,950
Holyoke	$263	$643	$1,018	$1,485	$1,956
Paoli	$158	$418	$784	$978	$1,322
Ovid	N/A	N/A	N/A	N/A	N/A

Source: Ownwell