Victor, Teller County, Colorado Property Taxes

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

Median Victor, CO effective property tax rate: 0.34%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%. Median Victor, CO home value: $128,780. Median annual Victor, CO tax bill: $397, $2,003 lower than the national median property tax bill of $2,400. How are property taxes in Teller calculated? Property taxes in Victor, 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 Victor’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Victor, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Victor, Teller County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.21%

Estimate Property Tax Bill

$449

$416

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

Property Tax Rates Across Victor, Teller County, Colorado

Local government entities set tax rates, which can vary significantly within a state. This is because each year, counties estimate the budget necessary to provide services and then divide this by the total value of all taxable property in their jurisdiction. This calculation determines the property tax rate. Although the process involves votes and legal frameworks, this is essentially how it works annually.

In Victor, located in Teller County, Colorado, the effective property tax rate is a reflection of this budgetary process. When comparing Victor's property tax rate to other cities in Colorado, it becomes evident that rates can differ across the state. The median property tax rate in Colorado is lower than the national median, making it an attractive option for property owners seeking lower tax rates.

Understanding these differences can help property owners make informed decisions about where to invest or reside. Comparing Victor's property tax rate with the state and national medians provides a clearer picture of how local tax rates align with broader trends.

Property Tax Rates Across Victor, Teller County, Colorado

Source: Ownwell

0.18%

0.31%

0.44%

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 Victor Tax Rate

0.21%

Median Effective Teller County Tax Rate

0.36%

Median Effective Colorado Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Victor, Teller County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80860	0.12%	0.16%	0.21%	0.24%	0.26%

Source: Ownwell

Property Tax Assessment Values Across Victor, Teller County, Colorado

When examining property taxes in Victor, 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 Teller 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 Teller 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 Victor. For example, the median home price in Victor is $128,780, with tax bills ranging significantly across the county. Zip code 80860 has the highest median home price at $128,780.

Property Tax Assessment Values Across Victor, Teller County, Colorado

Source: Ownwell

$213,637

$367,689

$521,740

Median Victor Market Value

$213,637

Median Teller County Market Value

$461,323

Median Colorado Market Value

$519,879

Median United States Market Value

$235,294

Property Tax Assessment Values Across Victor, Teller County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80860	$55,376	$137,557	$213,637	$282,638	$384,772

Source: Ownwell

Property Tax Bills Across Victor, Teller County, Colorado

In Victor, located in Teller County, CO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, which is influenced by factors such as location and property size. In Victor, the median property tax bill is $397, significantly lower than the national median of $2,400. This indicates that homeowners in this area generally have a lighter tax burden compared to the national average. However, even with lower tax bills, it's crucial for homeowners to ensure they are not overpaying. Ownwell can assist by reviewing property assessments and identifying potential inaccuracies. By appealing incorrect assessments or securing eligible exemptions, Ownwell helps homeowners reduce their tax bills. With expertise in property tax laws and a commitment to client savings, Ownwell ensures that Victor homeowners pay only their fair share, providing peace of mind and financial relief.

Property Tax Bills Across Victor, Teller County, Colorado

Source: Ownwell

$442

$1,333

$2,224

Median Victor Tax Bill

$442

Median Teller County Tax Bill

$1,612

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Victor, Teller County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80860	$92	$244	$442	$633	$888

Source: Ownwell