Granada, Prowers County, Colorado Property Taxes
Median Granada, CO effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Granada, CO home value: $26,508
Median annual Granada, CO tax bill: $125, $2,275 lower than the national median property tax bill of $2,400.
How are property taxes in Prowers County calculated?
Property taxes in Granada, 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 Granada’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Granada, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Granada, Prowers County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.33%
Estimate Property Tax Bill
$98
$91
Property Tax Rates Across Granada, Prowers County, Colorado
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Granada’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.
Granada, located in Prowers County, features an effective property tax rate that stands out when compared to other regions. The median property tax rate in Granada is notably lower than the national median property tax rate of 1.02%. This can result in significant savings for property owners in Granada when compared to other areas in the U.S. where rates are higher. In Colorado, Granada's property tax rate is consistent, providing a stable environment for homeowners. With such favorable rates, Granada offers an appealing financial landscape for current and prospective property owners.
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 Granada Tax Rate
0.33%
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 Prowers County Tax Rate
0.32%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Granada, Prowers County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81041 | 0.12% | 0.19% | 0.33% | 0.47% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Granada, Prowers County, Colorado
When examining property taxes in Granada, Colorado, 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 Prowers 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 Prowers 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 Granada.
For example, the median home price in Granada is $26,508, with tax bills ranging significantly across the county. Zip code 81041 has the highest median home price at $26,508.
Property Tax Assessment Values Across Granada, Prowers County, Colorado
Source: Ownwell
$29,830
$56,411
$82,992
Median Granada Market Value
$29,830
Median Prowers County Market Value
$64,608
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Granada, Prowers County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81041 | $4,050 | $7,000 | $29,830 | $81,862 | $147,549 |
Source: Ownwell
Property Tax Bills Across Granada, Prowers County, Colorado
Median Granada Tax Bill
$70
Median Prowers County Tax Bill
$118
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Granada, Prowers County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81041 | $22 | $34 | $70 | $140 | $582 |
Source: Ownwell