Montrose County Property Taxes
The median property tax rate in Montrose County is 0.49%, which is significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Montrose County at $398,340, the typical annual property tax bill reaches $1,943, which is much less than the national median of $2,690. Property taxes in Montrose County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Montrose County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Montrose or another part of Montrose County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Montrose County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,952
Ownwell’s Montrose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Montrose with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Montrose to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Montrose County, Colorado
Property taxes in Montrose County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Montrose County is 0.49%, which is lower than both the Colorado state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Montrose County set these rates annually, and they can vary significantly between different areas within the county. Each year, Montrose County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Montrose County's effective property tax rate with other counties in Colorado and the national median. For comparison, the city of Naturita has one of the higher property tax rates in Colorado at 0.57%, while the city of Delta boasts one of the lowest at 0.44%. Analyzing how Montrose County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Montrose County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montrose County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedrock | 0.47% | 0.47% | 0.48% | 0.66% | 0.96% |
| Cimarron | 0.47% | 0.47% | 0.47% | 0.53% | 0.76% |
| Crawford | 0.45% | 0.45% | 0.46% | 0.49% | 0.57% |
| Delta | 0.43% | 0.43% | 0.44% | 0.53% | 0.68% |
| Montrose | 0.48% | 0.48% | 0.49% | 0.49% | 0.50% |
| Naturita | 0.56% | 0.57% | 0.57% | 0.57% | 0.57% |
| Norwood | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
| Nucla | 0.48% | 0.53% | 0.55% | 0.55% | 0.61% |
| Olathe | 0.44% | 0.44% | 0.51% | 0.51% | 0.60% |
| Paradox | 0.47% | 0.48% | 0.48% | 0.48% | 0.67% |
| Redvale | 0.35% | 0.35% | 0.35% | 0.40% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Montrose County, Colorado
In Montrose County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Montrose County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Montrose County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Montrose County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Norwood has the highest median tax bill at $2,677, while Bedrock has the lowest at $345.
Property Tax Assessment Values Across Montrose County, Colorado
Source: Ownwell
$80,280
$426,063
$771,845
Average Montrose County Assessed Value
$398,340
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montrose County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedrock | $24,250 | $36,150 | $80,280 | $204,630 | $296,308 |
| Cimarron | $136,140 | $261,940 | $493,200 | $667,510 | $777,780 |
| Crawford | $129,765 | $224,020 | $341,665 | $525,660 | $836,339 |
| Delta | $158,576 | $245,220 | $366,490 | $567,175 | $718,776 |
| Montrose | $231,704 | $324,000 | $417,470 | $582,050 | $783,350 |
| Naturita | $27,750 | $30,615 | $85,120 | $145,900 | $221,830 |
| Norwood | $629,113 | $682,638 | $771,845 | $861,052 | $914,577 |
| Nucla | $41,272 | $81,730 | $143,780 | $225,395 | $309,012 |
| Olathe | $135,440 | $207,190 | $309,420 | $486,220 | $643,864 |
| Paradox | $34,813 | $72,885 | $121,770 | $223,068 | $378,184 |
| Redvale | $68,910 | $169,890 | $303,200 | $515,270 | $784,970 |
Source: Ownwell
Property Tax Bills Across Montrose County, Colorado
In Montrose County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For homeowners, this means that the higher the market value of their home, the higher the assessed value and, consequently, the property tax bill. Various factors influence the tax bill, including the property's location, size, and any improvements made. In Montrose County, the median home price is $398,340, with property tax bills varying significantly across different percentiles. For instance, the 25th percentile tax bill is $1,418, while the 75th percentile is $2,721, and the 90th percentile reaches $3,755. Compared to the national median property tax rate of 0.99%, Montrose County's property tax bills can vary widely, impacting homeowners differently based on their property's assessed value. This variability underscores the importance of understanding how property taxes are calculated and how they can affect household budgets.
Average Montrose County Tax Bill
$1,943
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Montrose County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedrock | $116 | $173 | $345 | $1,323 | $2,221 |
| Cimarron | $780 | $1,624 | $2,545 | $3,145 | $5,152 |
| Crawford | $727 | $1,085 | $1,650 | $2,582 | $3,958 |
| Delta | $767 | $1,228 | $1,883 | $2,690 | $3,630 |
| Montrose | $1,131 | $1,577 | $2,036 | $2,842 | $3,839 |
| Naturita | $159 | $175 | $488 | $839 | $1,264 |
| Norwood | $2,181 | $2,367 | $2,677 | $2,986 | $3,172 |
| Nucla | $226 | $458 | $802 | $1,264 | $1,724 |
| Olathe | $637 | $1,052 | $1,567 | $2,282 | $3,373 |
| Paradox | $165 | $346 | $670 | $1,087 | $2,292 |
| Redvale | $258 | $704 | $1,155 | $1,917 | $2,777 |
Source: Ownwell