Montezuma County, Colorado Property Taxes

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

Median Montezuma County effective property tax rate: 0.39%, significantly lower than the national median of 1.02%.
Median Montezuma County home value: $183,673
Median annual Montezuma County tax bill: $702, $1,698 lower than the national median property tax bill of $2,400.

How are property taxes in Montezuma County calculated?

Property taxes in Montezuma 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 Cortez or another part of Montezuma County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Montezuma County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.39%

Estimate Property Tax Bill

$716

$665

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

Property Tax Rates Across Montezuma County, Colorado

Local government entities in Colorado set property tax rates, which can vary significantly within the state. Each year, counties like Montezuma estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

Montezuma County's effective property tax rate is notably lower than the national median property tax rate of 1.02%. This can be attributed to the county's specific budgetary needs and the overall property values within the area. Residents of Montezuma County benefit from this lower rate, which translates to a reduced property tax burden compared to many other areas across the U.S. For those looking to compare, Montezuma County's rate is also lower than the highest median tax rate found in the city of Mancos within the same state. Understanding these differences can be crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Montezuma County, Colorado

Source: Ownwell

0.33%

0.41%

0.49%

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 Montezuma County Tax Rate

0.39%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Montezuma County, Colorado

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Cortez	0.20%	0.38%	0.38%	0.39%	0.41%
Dolores	0.27%	0.39%	0.46%	0.49%	0.54%
Lewis	0.21%	0.35%	0.35%	0.36%	0.52%
Mancos	0.32%	0.44%	0.49%	0.55%	0.60%
Pleasant View	0.24%	0.32%	0.33%	0.46%	0.78%
Yellow Jacket	0.26%	0.33%	0.33%	0.42%	0.77%

Source: Ownwell

Property Tax Assessment Values Across Montezuma County, Colorado

When examining property taxes in Montezuma 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 Montezuma 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 Montezuma 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 Montezuma County.

For example, the median tax bill in Montezuma County is $756, with tax bills ranging significantly across the county. Mancos has the highest median home price at $218,926.

Property Tax Assessment Values Across Montezuma County, Colorado

Source: Ownwell

$127,550

$173,238

$218,926

Median Montezuma County Market Value

$183,673

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Montezuma County, Colorado

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Cortez	$61,615	$114,900	$165,082	$229,398	$303,952
Dolores	$82,881	$143,964	$215,358	$292,313	$385,537
Lewis	$50,940	$106,771	$155,444	$242,525	$316,968
Mancos	$80,038	$145,998	$218,926	$316,646	$432,019
Pleasant View	$27,550	$81,673	$127,550	$197,888	$288,610
Yellow Jacket	$46,606	$86,668	$160,626	$276,050	$437,945

Source: Ownwell

Property Tax Bills Across Montezuma County, Colorado

In Montezuma County, CO, property tax bills are determined by assessing the market value of a home and applying the county's tax rate. With a median home price of $183,673, the property tax rate is calculated to generate revenue for local services such as schools, infrastructure, and emergency services. The tax bill can vary significantly depending on the property's assessed value and location within the county. For example, the median tax bill in Mancos is the highest at $1,052, while in Pleasant View, it is the lowest at $439. These variations highlight the influence of local assessments and tax rates on the final bill. Homeowners in Montezuma County can expect their tax bills to fall between the 25th percentile of $433 and the 90th percentile of $1,564, reflecting the diverse property values in the area. Compared to the national median property tax bill of $2,400, Montezuma County's tax bills are relatively lower, offering some financial relief to homeowners in the region.

Property Tax Bills Across Montezuma County, Colorado

Source: Ownwell

$439

$746

$1,052

Median Montezuma County Tax Bill

$702

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Montezuma County, Colorado

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Cortez	$206	$371	$586	$838	$1,153
Dolores	$341	$586	$926	$1,304	$1,774
Lewis	$173	$334	$540	$787	$1,166
Mancos	$353	$645	$1,052	$1,528	$2,120
Pleasant View	$113	$299	$439	$740	$1,038
Yellow Jacket	$181	$274	$603	$1,027	$1,422

Source: Ownwell