Gilcrest, Weld County, Colorado Property Taxes

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Gilcrest’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. Gilcrest, located in Weld County, presents a property tax rate that is notably below the national median of 1.02%. With a median property tax rate of 0.43%, it offers a more affordable option for homeowners compared to the national average. This rate is consistent across the area, reflecting a stable and predictable tax environment for residents. In contrast, many regions across the U.S. have significantly higher rates, leading to higher tax bills. For those looking to manage their property tax expenses effectively, Gilcrest stands out as a favorable location within Colorado.

In Gilcrest, located in Weld County, CO, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the home's market value, which can vary based on the local assessment ratio. With a median home price of $347,246, homeowners in Gilcrest face median property tax bills that range from $1,114 at the 25th percentile to $1,729 at the 90th percentile. Compared to the national median property tax bill of $2,400, Gilcrest homeowners generally pay less, but the tax burden can still be significant.

Factors such as changes in market value, local budget needs, and assessment ratios impact the final tax bill. Homeowners may find themselves paying more if their property's market value increases or if local tax rates rise. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their property tax bills, ensuring they only pay what is fair and equitable.