Example of Clear Creek County Property Tax Calculation
Clear Creek County Property Tax is calculated based on the assessed value of the property. To determine the assessed value, the county uses the actual value of the property and applies a percentage known as the assessment rate.
For example, if a property has an actual value of $200,000 and the assessment rate is 7.96%, the assessed value would be $15,920.
Once the assessed value is determined, the county applies the mill levy, which is the amount of tax per $1,000 of assessed value. If the mill levy for the property is 100, the property tax would be calculated as follows:
$15,920 (assessed value) รท 1,000 = 15.92 15.92 x 100 (mill levy) = $1,592
Therefore, the property tax for this property would be $1,592.
It is important to note that there may be additional taxes or fees based on the location and specific circumstances of the property.
If you want appeal your property tax assessment - contact your local tax assessor.
Clear Creek County Property Tax Rates
Clear Creek County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General Fund | $1.835 |
| Road and Bridge | $1.463 |
| Open Space and Trails | $0.456 |
| Emergency Services | $0.500 |
| Total | $4.254 |
These tax rates are specific to Clear Creek County in the state of Colorado. The General Fund tax is used to support the county's general operations, while the Road and Bridge tax is used for transportation infrastructure. The Open Space and Trails tax is used to preserve open space and trails in the county, and the Emergency Services tax goes towards funding emergency services such as police, fire, and medical services.
Overall, the total property tax rate in Clear Creek County is $4.254 per $100 of assessed value.
Who sets property tax rates in Clear Creek County ?
In Clear Creek County, property tax rates are set by the local government. Specifically, the Board of County Commissioners is responsible for setting the tax rates. This typically happens in early December, prior to the start of the next tax year. The tax rates are based on a number of factors, including the assessed value of the property, any applicable exemptions, and the overall budget needs of the county. Property owners should be aware that tax rates can vary from year to year based on these factors.
Homestead exemptions in Clear Creek County ?
To help homeowners in Clear Creek County, Colorado, understand their property tax exemptions, eligibility requirements, and deductions, the following table outlines all the county-specific Homestead exemptions and deductions.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Senior Exemption | 65 years or older by January 1st of current year or disabled | Up to 50% of the first $200,000 | Must apply by July 15th of each year |
| Disabled Veteran Exemption | Served during wartime and has a service-connected disability rating of 50% or more | Up to $200,000 of the property value | Must submit VA Form 20-5455 to the county assessor |
| Surviving Spouse Exemption | Surviving spouse of a qualifying senior or disabled veteran | Same as the senior or disabled veteran exemption | Must apply by July 15th of each year |
| Agricultural Land Exemption | Must meet specific requirements for agricultural use | Varies based on use | Must apply by March 1st of each year |
| Renewable Energy Improvements Exemption | Must install approved renewable energy improvements | Up to 100% of the increased property value due to improvements | Must apply by July 15th of each year |
Please note that these exemptions and deductions are subject to change and may have additional eligibility requirements. Homeowners should contact the Clear Creek County Assessor's office for more information and to apply for these exemptions and deductions.
When is Clear Creek County Property Tax due ?
Clear Creek County Property Taxes are typically due on the last day of April each year. However, if the due date falls on a weekend or holiday, the deadline may be extended to the following business day.
There are several payment methods available for Clear Creek County Property Taxes. These include:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their taxes online using a credit or debit card. This option is available 24/7 and can be accessed on the Clear Creek County website. |
| Property owners can mail their payments to the Clear Creek County Treasurer's Office. The address is located on the tax statement. | |
| In Person | Property owners can pay their taxes in person at the Clear Creek County Treasurer's Office located at 405 Argentine St. Georgetown, CO 80444. Accepted forms of payment include cash, check, or credit/debit card. Credit/debit card payments are subject to a convenience fee. |
| Drop Box | Property owners can drop off their payments in the drop box located outside the Clear Creek County Treasurer's Office. Payments must be in an envelope with the property owner's name and address clearly printed. |
It is important for property owners to pay their taxes on time to avoid penalties and interest charges. Failure to pay property taxes can result in a lien being placed on the property or even foreclosure. If a property owner is unable to pay their taxes in full, they may be eligible for a payment plan. Contact the Clear Creek County Treasurer's Office for more information.
If you have more questions - contact your local tax collector.
How is Clear Creek County Property Tax penalty calculated ?
Clear Creek County Property Tax Penalty Calculation
Clear Creek County in Colorado imposes penalties for late payments of property taxes. The penalty is based on a percentage of the unpaid taxes and accrues each month until the taxes are paid in full.
Here is an example of how the penalty is calculated:
| Month of Payment | Penalty Rate |
|---|---|
| January 1-31 | 1% |
| February 1-28/29 | 2% |
| March 1-31 | 3% |
| April 1-30 | 4% |
| May 1-31 | 5% |
| June 1-30 | 6% |
| July 1-31 | 7% |
| August 1-31 | 8% |
| September 1-30 | 9% |
| October 1-31 | 10% |
| November 1-30 | 11% |
| December 1-31 | 12% |
For example, if a property owner has $10,000 in unpaid property taxes and pays the taxes on March 15th, the penalty would be calculated as follows:
- January 1-31: $100 (1% of $10,000)
- February 1-28/29: $200 (2% of $10,000)
- March 1-15: $150 (3% of $10,000) Total Penalty: $450
Therefore, the property owner would owe a total of $10,450 ($10,000 in unpaid taxes + $450 in penalties) for the year's property taxes. It is important for property owners to pay their property taxes on time to avoid accruing penalties.
We recommend contacting the Clear Creek County Tax Office or a local tax professional for the most up-to-date and accurate information.