Cotopaxi, Custer County, Colorado Property Taxes

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

Median Cotopaxi, CO effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Cotopaxi, CO home value: $498,626
Median annual Cotopaxi, CO tax bill: $2,312, $88 lower than the national median property tax bill of $2,400.

How are property taxes in Custer calculated?

Property taxes in Cotopaxi, 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 Cotopaxi’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cotopaxi, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cotopaxi, 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

$2,294

$2,128

Ownwell’s Cotopaxi Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cotopaxi with just two data points. By entering your property's estimated assessed value, our calculator applies Cotopaxi’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 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 Cotopaxi, Custer County, Colorado

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable property within their jurisdiction. This process results in the property tax rate. While votes and legislation play a role in determining tax rates and budgets, this annual calculation forms the core of the process.

In Cotopaxi, located in Custer County, Colorado, the effective property tax rate can be compared to other cities within the state and the national median property tax rates. Colorado's median property tax rate is notably lower than the national median of 1.02%. This lower rate can be an attractive feature for property owners, offering potential savings compared to other regions. Understanding these rates helps property owners make informed decisions and highlights the importance of appealing property tax assessments when necessary. By leveraging this knowledge, property owners in Cotopaxi can potentially reduce their tax burden and ensure they are not overpaying, aligning with their financial goals and contributing to a more favorable economic environment.

Property Tax Rates Across Cotopaxi, 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 Cotopaxi Tax Rate

0.46%

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 Cotopaxi, Custer County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81223	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cotopaxi, Custer County, Colorado

When examining property taxes in Cotopaxi, Colorado, 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 appraisal district 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 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 Cotopaxi. For example, the median home price in Cotopaxi is $498,626, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Cotopaxi, Custer County, Colorado

Source: Ownwell

$160,085

$272,388

$384,690

Median Cotopaxi Market Value

$498,626

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 Cotopaxi, Custer County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81223	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cotopaxi, Custer County, Colorado

In Cotopaxi, located in Custer County, CO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $498,626, many homeowners find their tax bills to be significant. The property tax bill for homeowners at the 25th percentile is $1,854, while those at the 75th percentile pay around $2,754. For those at the 90th percentile, the bill can reach $2,979. These figures show that even within a single area, tax bills can vary widely. Given the national median property tax rate of 1.02%, Cotopaxi homeowners may find their tax bills to be relatively high. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring that they are not overpaying. By leveraging expert knowledge, Ownwell helps clients navigate the complexities of property tax assessments, potentially reducing their financial burden.

Property Tax Bills Across Cotopaxi, Custer County, Colorado

Source: Ownwell

$682

$1,051

$1,420

Median Cotopaxi Tax Bill

$2,312

Median Custer County Tax Bill

$996

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Cotopaxi, Custer County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81223	N/A	N/A	N/A	N/A	N/A

Source: Ownwell