Lamar, Prowers County, Colorado Property Taxes

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

Median Lamar, 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 Lamar, CO home value: $59,141
Median annual Lamar, CO tax bill: $259, $2,141 lower than the national median property tax bill of $2,400.

How are property taxes in Prowers calculated?

Property taxes in Lamar, 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 Lamar’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lamar, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lamar, Prowers County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.49%

Estimate Property Tax Bill

$290

$269

Ownwell’s Lamar Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lamar with just two data points. By entering your property's estimated assessed value, our calculator applies Lamar’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 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 Prowers County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lamar, Prowers County, Colorado

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. The result of this calculation is the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Lamar, located in Prowers County, Colorado, the effective property tax rate stands out when compared to other cities in the state. Interestingly, the median property tax rate in Colorado is notably lower than the national median of 1.02%. This comparison highlights the variation in property tax rates not just within the state, but also in relation to the national landscape. Such differences underscore the importance of understanding local tax dynamics, as they can significantly impact property owners. By being informed, property owners can better navigate the complexities of property taxes and make informed decisions regarding appeals and exemptions.

Property Tax Rates Across Lamar, Prowers County, Colorado

Source: Ownwell

0.49%

0.66%

0.82%

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 Lamar Tax Rate

0.49%

Median Effective Prowers County Tax Rate

0.49%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lamar, Prowers County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81052	0.26%	0.49%	0.49%	0.49%	0.55%

Source: Ownwell

Property Tax Assessment Values Across Lamar, Prowers County, Colorado

When examining property taxes in Lamar, 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 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 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 Lamar. For example, the median home price in Lamar is $59,141, with tax bills ranging significantly across the county. 81052 has the highest median home price at $59,141.

Property Tax Assessment Values Across Lamar, Prowers County, Colorado

Source: Ownwell

$26,508

$44,969

$63,429

Median Lamar Market Value

$59,141

Median Prowers County Market Value

$51,952

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lamar, Prowers County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81052	$2,633	$12,294	$59,141	$118,970	$179,545

Source: Ownwell

Property Tax Bills Across Lamar, Prowers County, Colorado

In Lamar, located in Prowers County, CO, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Lamar is $59,141, which results in a property tax bill that typically ranges from $60 at the 25th percentile to $850 at the 90th percentile. The highest and lowest median tax bills in the area are both $259, aligned with the local zip code 81052. These figures are significantly lower than the national median property tax bill of $2,400, reflecting Lamar's relatively modest property values and tax rates. The tax bill impacts homeowners by contributing to their annual housing costs, which can be a financial burden if not managed properly. Ownwell offers property tax appeal and exemption services to help homeowners in Lamar reduce their tax liabilities. By analyzing property assessments and ensuring accurate valuations, Ownwell can potentially lower the property tax bill, providing substantial savings and financial relief to homeowners.

Property Tax Bills Across Lamar, Prowers County, Colorado

Source: Ownwell

$125

$282

$439

Median Lamar Tax Bill

$259

Median Prowers County Tax Bill

$253

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Lamar, Prowers County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81052	$13	$60	$259	$534	$850

Source: Ownwell