Custer County, Colorado Property Taxes

Name: Property Tax Bills Across Custer County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Custer County effective property tax rate: 0.46%, significantly lower than the national median of 1.02%.
Median Custer County home value: $218,072
Median annual Custer County tax bill: $996, $1,404 lower than the national median property tax bill of $2,400.

How are property taxes in Custer County calculated?

Property taxes in Custer County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Westcliffe or another part of Custer County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Custer County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.46%

Estimate Property Tax Bill

$1,003

$931

Ownwell’s Custer County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Custer County with just two data points. By entering your property's estimated assessed value, our calculator applies Custer County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Custer County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Custer County, Colorado

Local government entities set tax rates, and these can differ significantly within a state. Each year, counties estimate their budgets needed to provide essential services and divide that by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

Below, you can compare Custer County's effective property tax rate to other counties in Colorado or the U.S. median property tax rate. Custer County has a median property tax rate that is notably lower than the national median of 1.02%. Within the county, Silver Cliff has the highest median tax rate, while Rye has the lowest. This variance demonstrates the importance of understanding local tax dynamics, as they can significantly impact property owners. By being informed about these differences, property owners can better navigate their property tax responsibilities and potentially find opportunities for savings through appeals or exemptions.

Property Tax Rates Across Custer County, Colorado

Source: Ownwell

0.35%

0.43%

0.50%

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 Custer County Tax Rate

0.46%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Custer County, Colorado

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Florence	0.27%	0.35%	0.35%	0.36%	0.36%
Rye	0.37%	0.46%	0.46%	0.46%	0.46%
Silver Cliff	0.36%	0.50%	0.50%	0.51%	0.52%
Westcliffe	0.37%	0.46%	0.46%	0.47%	0.53%
Wetmore	0.23%	0.35%	0.35%	0.36%	0.46%
Cotopaxi	N/A	N/A	N/A	N/A	N/A
Sweetwater	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Custer County, Colorado

When examining property taxes in Custer County, 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 Custer County Assessor 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. Assessment notices: In Custer 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 Custer County. For example, the median tax bill in Custer County is $1,420, with tax bills ranging significantly across the county. Florence has the highest median home price at $384,690.

Property Tax Assessment Values Across Custer County, Colorado

Source: Ownwell

$160,085

$272,388

$384,690

Median Custer County Market Value

$218,072

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Custer County, Colorado

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Florence	$230,057	$292,652	$384,690	$423,503	$635,678
Rye	$58,776	$92,125	$174,978	$291,163	$393,775
Silver Cliff	$38,194	$88,000	$160,085	$252,551	$350,989
Westcliffe	$56,273	$122,057	$223,286	$348,520	$494,734
Wetmore	$89,871	$134,144	$193,032	$309,740	$453,661
Cotopaxi	N/A	N/A	N/A	N/A	N/A
Sweetwater	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Custer County, Colorado

Property tax bills in Custer County, Colorado, are calculated based on the assessed value of a property, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Custer County experience varying tax bills depending on the value of their property. The median home price in the county is $218,072, and the tax bills range significantly. The 25th percentile tax bill is $514, while the 75th percentile reaches $1,615, and the 90th percentile is $2,374. Florence, within the county, holds the highest median tax bill at $1,420, while Wetmore has the lowest at $682. Compared to the national median property tax rate of 1.02%, Custer County's tax bills can be more manageable for some homeowners. However, these taxes still represent a significant expense, influencing decisions about homeownership and financial planning. Understanding these factors is crucial for homeowners aiming to manage their property tax liabilities effectively.

Property Tax Bills Across Custer County, Colorado

Source: Ownwell

$682

$1,051

$1,420

Median Custer County Tax Bill

$996

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Custer County, Colorado

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Florence	$737	$929	$1,420	$1,800	$2,183
Rye	$270	$435	$791	$1,338	$1,670
Silver Cliff	$150	$422	$758	$1,261	$1,777
Westcliffe	$263	$548	$1,032	$1,661	$2,440
Wetmore	$273	$413	$682	$1,106	$1,779
Cotopaxi	N/A	N/A	N/A	N/A	N/A
Sweetwater	N/A	N/A	N/A	N/A	N/A

Source: Ownwell