Matheson, Elbert County, Colorado Property Taxes
Median Matheson, CO effective property tax rate: 0.50%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Matheson, CO home value: $134,650
Median annual Matheson, CO tax bill: $697, $1,703 lower than the national median property tax bill of $2,400.
How are property taxes in Elbert calculated?
Property taxes in Matheson, 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 Matheson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Matheson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Matheson, Elbert County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.45%
Estimate Property Tax Bill
$537
$498
Property Tax Rates Across Matheson, Elbert County, Colorado
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide services and dividing 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 Matheson's effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.
In Matheson, Elbert County, the property tax rate stands at 0.50%. This is notably lower than the national median property tax rate of 1.02%. Homeowners in Matheson benefit from a tax rate that is significantly below the national average, which can lead to substantial savings. While other regions in the U.S. face higher property tax bills, Matheson offers a more affordable option for property owners. This lower tax rate can make Matheson an attractive place for those looking to reduce their property tax burden while still enjoying the benefits of homeownership.
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 Matheson Tax Rate
0.45%
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 Elbert County Tax Rate
0.51%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Matheson, Elbert County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80830 | 0.31% | 0.45% | 0.45% | 0.52% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Matheson, Elbert County, Colorado
When examining property taxes in Matheson, CO, 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 Elbert 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 Elbert 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 Matheson. For example, the median home price in Matheson is $134,650, with tax bills ranging significantly across the county. Zip code 80830 has the highest median home price at $134,650.
Property Tax Assessment Values Across Matheson, Elbert County, Colorado
Source: Ownwell
$119,331
$439,485
$759,638
Median Matheson Market Value
$119,331
Median Elbert County Market Value
$567,487
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Matheson, Elbert County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80830 | $10,998 | $16,398 | $119,331 | $256,975 | $377,127 |
Source: Ownwell
Property Tax Bills Across Matheson, Elbert County, Colorado
Median Matheson Tax Bill
$636
Median Elbert County Tax Bill
$2,998
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Matheson, Elbert County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80830 | $51 | $138 | $636 | $1,355 | $1,839 |
Source: Ownwell