Canon City, Fremont County, Colorado Property Taxes

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

Median Canon City, CO effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%. Median Canon City, CO home value: $215,294. Median annual Canon City, CO tax bill: $1,160, $1,240 lower than the national median property tax bill of $2,400.

How are property taxes in Fremont County calculated?

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

Last Updated March 1, 2025

Canon City, Fremont County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.59%

Estimate Property Tax Bill

$1,270

$1,179

Ownwell’s Canon City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Canon City with just two data points. By entering your property's estimated assessed value, our calculator applies Canon City’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 Fremont County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Canon City, Fremont County, Colorado

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides 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 Canon City’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. Canon City, located in Fremont County, has a median property tax rate of 0.59%. This is significantly lower than the national median property tax rate of 1.02%. The property tax rates in this region are among the lowest in the state, with both the highest and lowest median tax rates in the area being 0.59%. This makes Canon City an attractive option for property owners looking for lower tax burdens.

Property Tax Rates Across Canon City, Fremont County, Colorado

Source: Ownwell

0.33%

0.46%

0.59%

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 Canon City Tax Rate

0.59%

Median Effective Fremont County Tax Rate

0.55%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Canon City, Fremont County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81212	0.35%	0.51%	0.59%	0.60%	0.60%

Source: Ownwell

Property Tax Assessment Values Across Canon City, Fremont County, Colorado

When examining property taxes in Canon City, 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 Fremont 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 Fremont 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 Canon City. For example, the median home price in Canon City is $215,294, with tax bills ranging significantly across the county. 81212 has the highest median home price at $215,294.

Property Tax Assessment Values Across Canon City, Fremont County, Colorado

Source: Ownwell

$129,027

$301,156

$473,285

Median Canon City Market Value

$215,294

Median Fremont County Market Value

$205,831

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Canon City, Fremont County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81212	$14,310	$139,366	$215,294	$290,389	$390,381

Source: Ownwell

Property Tax Bills Across Canon City, Fremont County, Colorado

In Canon City, located in Fremont County, CO, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Canon City is $215,294, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $670, while the 75th percentile reaches $1,633, and the 90th percentile can be as high as $2,221. Compared to the national median property tax bill of $2,400, Canon City's tax bills are generally lower, providing some relief to homeowners. However, the tax burden can still be significant, particularly for those at the higher end of the spectrum.

Ownwell assists homeowners in Canon City by offering property tax appeal services, helping to ensure that their property is assessed fairly. By potentially lowering the assessed value, Ownwell can help reduce the tax bill, offering savings and financial relief. This service is particularly beneficial for homeowners who feel their property is overvalued and are paying more than necessary in property taxes.

Property Tax Bills Across Canon City, Fremont County, Colorado

Source: Ownwell

$439

$1,175

$1,910

Median Canon City Tax Bill

$1,160

Median Fremont County Tax Bill

$1,012

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Canon City, Fremont County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81212	$75	$670	$1,160	$1,633	$2,221

Source: Ownwell