Paoli, Phillips County, Colorado Property Taxes
Median Paoli, CO effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Paoli, CO home value: $116,663
Median annual Paoli, CO tax bill: $784, $1,616 lower than the national median property tax bill of $2,400.
How are property taxes in Phillips calculated?
Property taxes in Paoli, 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 Paoli’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Paoli, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Paoli, Phillips County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$744
$691
Property Tax Rates Across Paoli, Phillips County, Colorado
Local government entities in Paoli, CO, set property tax rates, which can differ significantly within the state. Annually, each county, including Phillips County, estimates its required budget to provide essential services. This budget is divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Paoli, the effective property tax rate is 0.66%, which is notably lower than the national median property tax rate of 1.02%. This means residents in Paoli pay less in property taxes compared to many other areas across the United States. By comparing Paoli's tax rate to other cities in Colorado and the national median, property owners can better understand the relative tax burden. Lower tax rates can be appealing to homeowners, potentially influencing decisions on where to purchase property. Understanding these variations is crucial for property owners looking to optimize their tax liabilities.
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 Paoli Tax Rate
0.63%
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
0.68%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Paoli, Phillips County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80746 | 0.32% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Paoli, Phillips County, Colorado
When examining property taxes in Paoli, 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 Phillips 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.
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 Paoli.
For example, the median home price in Paoli is $116,663, with tax bills ranging significantly across the county. The zip code 80746 has the highest median home price at $116,663.
Property Tax Assessment Values Across Paoli, Phillips County, Colorado
Source: Ownwell
$85,381
$114,041
$142,700
Median Paoli Market Value
$118,142
Median Phillips County Market Value
$139,574
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Paoli, Phillips County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80746 | $15,309 | $44,106 | $118,142 | $157,426 | $240,952 |
Source: Ownwell
Property Tax Bills Across Paoli, Phillips County, Colorado
Median Paoli Tax Bill
$562
Median Phillips County Tax Bill
$824
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Paoli, Phillips County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80746 | $96 | $260 | $562 | $829 | $1,531 |
Source: Ownwell