Boone, Pueblo County, Colorado Property Taxes
Median Boone, CO effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Boone, CO home value: $91,407
Median annual Boone, CO tax bill: $606, $1,794 lower than the national median property tax bill of $2,400.
How are property taxes in Pueblo calculated?
Property taxes in Boone, 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 Boone’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boone, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Boone, Pueblo County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.46%
Estimate Property Tax Bill
$707
$656
Property Tax Rates Across Boone, Pueblo County, Colorado
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide services, which is then divided by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
Within this framework, Boone in Pueblo County, Colorado, presents a unique case. The effective property tax rate here is 0.68%, which is notably lower than the national median rate of 1.02%. This means residents in Boone benefit from a lower tax burden compared to many other areas across the country. Not only does this rate rank among the lowest in Colorado, but it also offers a significant advantage for property owners in terms of affordability. Comparing Boone's property tax rate to the median rates in Colorado and the U.S. highlights the potential savings for homeowners, making it an attractive location for those seeking to reduce their annual property tax expenses.
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 Boone Tax Rate
0.46%
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 Pueblo County Tax Rate
0.50%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Boone, Pueblo County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81025 | 0.23% | 0.35% | 0.46% | 0.55% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Boone, Pueblo County, Colorado
When examining property taxes in Boone, 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 Pueblo 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 Pueblo County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Boone.
For example, the median home price in Boone is $91,407, with tax bills ranging significantly across the county. Zip code 81025 has the highest median home price at $91,407.
Property Tax Assessment Values Across Boone, Pueblo County, Colorado
Source: Ownwell
$12,256
$211,073
$409,889
Median Boone Market Value
$153,655
Median Pueblo County Market Value
$270,921
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Boone, Pueblo County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81025 | $10,013 | $15,648 | $153,655 | $243,328 | $322,222 |
Source: Ownwell
Property Tax Bills Across Boone, Pueblo County, Colorado
In Boone, located in Pueblo County, Colorado, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Boone face a median property tax bill of $606, which is significantly lower than the national median of $2,400. The tax rate is influenced by local government budgets and school district funding needs. Factors such as property location, size, and improvements can impact the assessed value, thus affecting the tax bill. For many homeowners, these taxes represent a considerable expense, especially when unexpected increases occur.
Ownwell offers a solution by providing property tax appeal services that can help homeowners reduce their tax burden. By analyzing property assessments and identifying discrepancies or overvaluations, Ownwell can assist homeowners in filing appeals to ensure fair taxation. This service can lead to substantial savings, easing the financial strain on homeowners and ensuring they only pay their fair share. With Ownwell's expertise, Boone residents have the opportunity to minimize their property tax liabilities effectively.
Median Boone Tax Bill
$770
Median Pueblo County Tax Bill
$1,312
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Boone, Pueblo County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81025 | $98 | $380 | $770 | $1,315 | $1,827 |
Source: Ownwell