Merino, Washington County, Colorado Property Taxes
Median Merino, CO effective property tax rate: 0.31%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Merino, CO home value: $153,727
Median annual Merino, CO tax bill: $1,031, $1,369 lower than the national median property tax bill of $2,400.
How are property taxes in Washington calculated?
Property taxes in Merino, 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 Merino’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Merino, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Merino, Washington County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$846
$785
Property Tax Rates Across Merino, Washington County, Colorado
Local government entities in Colorado determine tax rates, which can vary significantly across the state. This variation occurs because each county calculates its necessary budget to fund services and then divides this budget by the total value of all taxable properties within its boundaries. This calculation establishes the property tax rate. While setting tax rates and budgets involves votes and legal frameworks, this is essentially the annual procedure.
In Merino, located in Washington County, the effective property tax rate is 0.31%, which is considerably lower than the national median property tax rate of 1.02%. Consequently, the property tax bills in Merino are likely more affordable compared to many other regions. This lower rate can be advantageous for property owners, offering potential savings and making the area more attractive for homeowners and investors alike. When comparing Merino's tax rate to other cities in Colorado and nationwide, it's clear that property owners in this region enjoy a favorable tax environment. This can be a significant factor for those considering property investments or relocations, as lower property taxes can contribute to overall cost savings.
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 Merino Tax Rate
0.47%
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 Washington County Tax Rate
0.44%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Merino, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80741 | 0.19% | 0.34% | 0.47% | 0.92% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Merino, Washington County, Colorado
When examining property taxes in Merino, 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 Washington 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 Washington 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 Merino. For example, the median home price in Merino is $153,727, with tax bills ranging significantly across the county. Zip code 80741 has the highest median home price at $153,727.
Property Tax Assessment Values Across Merino, Washington County, Colorado
Source: Ownwell
$51,046
$116,304
$181,561
Median Merino Market Value
$180,052
Median Washington County Market Value
$127,984
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Merino, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80741 | $9,402 | $40,106 | $180,052 | $245,038 | $321,256 |
Source: Ownwell
Property Tax Bills Across Merino, Washington County, Colorado
In Merino, located in Washington County, Colorado, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in the area face a median property tax bill of $1,031, which is significantly lower than the national median of $2,400. The tax bill can vary, with 25% of homeowners paying less than $746 and 10% paying more than $2,795. Factors influencing the tax bill include the property's assessed value and the local tax rate. For homeowners, these taxes can represent a significant annual expense, impacting their overall financial well-being.
Ownwell offers a valuable service to homeowners in Merino by providing property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax bills. Through professional representation and negotiation with tax authorities, Ownwell aims to secure the best possible outcome for its clients, ensuring they pay only what is fair and potentially saving them hundreds or even thousands of dollars annually.
Median Merino Tax Bill
$1,101
Median Washington County Tax Bill
$643
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Merino, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80741 | $63 | $177 | $1,101 | $2,111 | $3,127 |
Source: Ownwell