Holly, Prowers County, Colorado Property Taxes
Median HOLLY, CO effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median HOLLY, CO home value: $33,732
Median annual HOLLY, CO tax bill: $232, $2,168 lower than the national median property tax bill of $2,400.
How are property taxes in Prowers County calculated?
Property taxes in HOLLY, 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 HOLLY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HOLLY, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Holly, Prowers County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.5%
Estimate Property Tax Bill
$205
$191
Property Tax Rates Across Holly, Prowers County, Colorado
Local government entities are responsible for setting tax rates, and these can differ significantly across a state. Each county, including Holly in Prowers County, Colorado, determines its necessary budget for public services and divides it by the total assessed value of all taxable properties within the area. This calculation yields the property tax rate for that jurisdiction. While the process involves votes and legislation, this is essentially how it works annually.
In Holly, the effective property tax rate is 0.75%, which aligns with both the highest and lowest median tax rates within the state. This figure is notably lower than Colorado's median property tax rate of 0.75% and the national median rate of 1.02%. Consequently, property owners in Holly benefit from a tax rate that is more favorable compared to many other parts of the country. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.
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 Holly Tax Rate
0.50%
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 Holly, Prowers County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81047 | 0.19% | 0.28% | 0.50% | 0.77% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Holly, Prowers County, Colorado
When examining property taxes in Holly, 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 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 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 Holly.
For example, the median home price in Holly is $33,732, with tax bills ranging significantly across the county. 81047 has the highest median home price at $33,732.
Property Tax Assessment Values Across Holly, Prowers County, Colorado
Source: Ownwell
$29,830
$56,411
$82,992
Median Holly Market Value
$41,095
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 Holly, Prowers County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81047 | $3,408 | $13,085 | $41,095 | $110,066 | $182,668 |
Source: Ownwell
Property Tax Bills Across Holly, Prowers County, Colorado
In Holly, property tax bills are determined by the assessed value of a home, which is a fraction of its market value. The local tax rate is applied to this assessed value to calculate the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. Holly's median property tax bill is significantly lower than the national median of $2400, with the highest median tax bill being only $232 in zip code 81047. This can be a relief for homeowners, yet even small savings can make a difference.
Ownwell can assist homeowners in Holly by identifying opportunities for tax appeals and exemptions. Our experts analyze properties to ensure assessments are accurate and fair. By appealing inaccurate assessments, homeowners can potentially lower their tax bills. Additionally, Ownwell helps in finding applicable exemptions that can further reduce the financial burden. With our support, Holly homeowners can navigate the complexities of property taxation and achieve substantial savings.
Median Holly Tax Bill
$115
Median Prowers County Tax Bill
$118
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Holly, Prowers County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81047 | $29 | $69 | $115 | $501 | $1,208 |
Source: Ownwell