Example of Conejos County Property Tax Calculation
Conejos County calculates property taxes based on the assessed value of a property. For example, if a home in Conejos County has an assessed value of $200,000, the property tax calculation would be as follows:
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First, the assessed value is multiplied by the property tax rate, which is set by the county. Let's say the property tax rate in Conejos County is 1.23%.
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To calculate the property tax, multiply the assessed value of $200,000 by the tax rate of 1.23%. $200,000 x 0.0123 = $2,460
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Therefore, the property tax for that home in Conejos County would be $2,460 per year.
It's important to note that property tax rates and assessed values can vary depending on the location and type of property. Property owners can contact the Conejos County Assessor's office for more information on their specific property tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Conejos County Property Tax Rates
The Conejos County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $2.689 |
| County Road and Bridge Fund | $4.509 |
| County Health Services Fund | $0.750 |
| County Library Fund | $0.200 |
| Conejos County School District | $24.621 |
| Centauri School District | $21.490 |
| North Conejos School District | $24.370 |
| City of La Jara | $7.732 |
| Town of Antonito | $13.365 |
These rates are subject to change and may vary depending on the property's location and other factors. It's important to consult with a qualified tax advisor to ensure you are paying the correct amount of property tax.
Who sets property tax rates in Conejos County ?
The property tax rates in Conejos County, Colorado are set by the County Board of Commissioners, who hold annual public meetings to determine the rates. The Board takes into consideration the county's budgetary needs and the assessed value of each property in determining the tax rates. Property owners in the county typically receive their property tax bills in January and have until April 30th to pay without penalty. It is important for property owners to carefully review their tax bills and understand the calculation methods used to determine their individual tax rates.
Homestead exemptions in Conejos County ?
To help homeowners in Conejos County, Colorado navigate their Homestead exemptions and deductions, the following table outlines the specific details for each exemption and deduction available in the county.
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Residential Homestead Exemption | Owner of primary residence | Up to 50% of actual value or $200,000, whichever is less | Must apply by June 30th |
| Senior Homestead Exemption | Owner and resident of primary residence, age 65+ or disabled | Up to 50% of actual value or $200,000, whichever is less | Must apply by June 30th |
| Disabled Veteran Exemption | Honorably discharged veteran with a 100% permanent disability rating | Up to $200,000 of actual value | Must provide documentation |
| Active Duty Military Exemption | Active military personnel who own a primary residence | Up to $200,000 of actual value | Must provide documentation |
| Agricultural Land (Assessment) Exemption | Owner of agricultural land | 29% of actual value | Must use land for an agricultural purpose |
| Renewable Energy System Property Exemption | Owner of renewable energy system property | 100% of actual value | Must use property for renewable energy purposes |
| Low-Income Senior Property Tax Deferral | Low-income seniors who own and occupy their primary residence | Defers property taxes until the property is sold or ownership is transferred | Interest accrues on deferred taxes |
It is important to note that eligibility requirements and application deadlines may vary for each exemption or deduction. Homeowners in Conejos County should consult with their local assessor's office for the most up-to-date information and application instructions.
By taking advantage of these Homestead exemptions and deductions, homeowners in Conejos County can potentially save thousands of dollars on their property taxes each year.
When is Conejos County Property Tax due ?
Conejos County Property Tax is typically due on April 30th of each year. However, if the due date falls on a weekend or holiday, the deadline will be extended to the next business day.
There are several payment methods available for Conejos County Property Tax. The following table outlines the different options:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their taxes online using a credit or debit card. Fees may apply. |
| Property owners can mail a check or money order to the Conejos County Treasurer's Office. The payment must be postmarked by the due date. | |
| In Person | Property owners can pay their taxes in person at the Conejos County Treasurer's Office. Cash, check, or money orders are accepted. |
| Drop Box | Property owners can drop off their payment in the drop box located outside the Conejos County Treasurer's Office. Checks or money orders are accepted. |
It is important to note that failure to pay property taxes by the due date can result in penalties and interest charges. Property owners should contact the Conejos County Treasurer's Office if they have any questions or concerns about their property taxes.
If you have more questions - contact your local tax collector.
How is Conejos County Property Tax penalty calculated ?
Conejos County Property Tax Penalty Calculation
When property taxes are not paid by the due date, a penalty is imposed by Conejos County. The penalty for late payment is calculated based on the amount required to be paid, the time frame of late payment and the interest rate.
The penalty is calculated as follows:
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Late Payment Fee: A late payment fee of 2% is added to the unpaid balance if the payment is made within the first 30 days of the due date.
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Interest: An interest rate of 1% per month is added to the balance if payment is not made within the first 30 days of the due date.
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Additional Fees: If the payment is not made within 60 days of the due date, an additional fee of 5% is added to the unpaid balance.
Example of Conejos County Property Tax Penalty Calculation
Let's say John owns a property in Conejos County and owes $5,000 in property taxes. The due date for payment is January 31st, but John fails to make the payment until March 15th. Here's how his penalty is calculated:
- Late Payment Fee: John is within the first 30 days of the due date, so a late payment fee of 2% is added to the unpaid balance of $5,000, making it $5,100.
- Interest: Since John is now beyond the first 30 days of the due date, an interest rate of 1% per month is added to the balance for February and March, making the total balance $5,150.
- Additional Fees: John is now beyond 60 days of the due date, so an additional fee of 5% is added to the unpaid balance, making the total balance $5,407.50.
Therefore, John will have to pay $5,407.50 in total, including the penalty fees, in addition to the original property tax amount of $5,000.
It is important to keep track of property tax due dates and make payments on time to avoid penalties and additional fees.
We recommend contacting the Conejos County Tax Office or a local tax professional for the most up-to-date and accurate information.