Ouray County, Colorado Property Taxes
Median Ouray County effective property tax rate: 0.40%, significantly lower than the national median of 1.02%.
Median Ouray County home value: $723,215
Median annual Ouray County tax bill: $2,936, $536 higher than the national median property tax bill of $2,400.
How are property taxes in Ouray County calculated?
Property taxes in Ouray 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 a city like Ridgway or another part of Ouray County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ouray County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.4%
Estimate Property Tax Bill
$2,893
$2,684
Property Tax Rates Across Ouray County, Colorado
Local government entities set tax rates, and these can differ significantly within a state. 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 Ouray County's effective property tax rate to other counties in Colorado or the U.S. median property tax rate.
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 Ouray County Tax Rate
0.40%
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 Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ouray County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Montrose | 0.32% | 0.32% | 0.35% | 0.38% | 0.41% |
| Ouray | 0.36% | 0.42% | 0.42% | 0.42% | 0.42% |
| Ridgway | 0.38% | 0.38% | 0.40% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Ouray County, Colorado
When examining property taxes in Ouray 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 Ouray 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.
Assessment notices:
In Ouray 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 Ouray County.
For example, the median tax bill in Ouray County is $3,517, with tax bills ranging significantly across the county. Ridgway has the highest median home price at $847,320.
Median Ouray County Market Value
$723,215
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ouray County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Montrose | $138,584 | $342,285 | $575,640 | $888,875 | $1,257,280 |
| Ouray | $213,653 | $385,850 | $572,090 | $788,255 | $1,077,047 |
| Ridgway | $371,320 | $586,605 | $847,320 | $1,169,828 | $1,587,038 |
Source: Ownwell
Property Tax Bills Across Ouray County, Colorado
Property tax bills in Ouray County, Colorado, are determined by assessing the value of a property and applying the local tax rate. The assessed value is a percentage of the property's market value, which is influenced by factors such as the property's location, size, and any improvements made. Local tax authorities then apply a tax rate to this assessed value to calculate the tax bill. The median home price in Ouray County is $723,215, which, when compared to the national median property tax rate of 1.02%, suggests a relatively moderate tax burden.
Homeowners in Ouray County experience a range of tax bills. At the 25th percentile, the tax bill is $1,892, while at the 75th percentile, it rises to $4,336. The 90th percentile sees a tax bill of $5,893. In Ridgway, the highest median tax bill reaches $3,517, contrasting with Montrose, where the lowest median tax bill is $2,061. These variations reflect the differences in property values and local tax rates, impacting homeowners' financial planning and budgeting.
Median Ouray County Tax Bill
$2,936
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Ouray County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Montrose | $500 | $1,172 | $2,061 | $3,309 | $4,803 |
| Ouray | $911 | $1,619 | $2,351 | $3,235 | $4,497 |
| Ridgway | $1,603 | $2,325 | $3,517 | $4,846 | $6,434 |
Source: Ownwell