Montrose, Ouray County, Colorado Property Taxes
Median Montrose, CO effective property tax rate: 0.35%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Montrose, CO home value: $575,640
Median annual Montrose, CO tax bill: $2,061, $339 lower than the national median property tax bill of $2,400.
How are property taxes in Ouray County calculated?
Property taxes in Montrose, 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 Montrose’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montrose, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montrose, Ouray County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.35%
Estimate Property Tax Bill
$2,015
$1,870
Property Tax Rates Across Montrose, Ouray County, Colorado
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because each county annually estimates the budget needed to provide essential services and divides that by the total value of all taxable property within its boundaries. This calculation establishes the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the yearly process.
In Montrose, located in Ouray County, Colorado, the effective property tax rate is 0.35%. This is significantly lower than the national median property tax rate of 1.02%. Consequently, the property tax bills in Montrose are often more affordable than those in many other parts of the country. The lower tax rate could be an attractive factor for potential homeowners considering relocation, as it suggests a more favorable tax environment compared to other regions. Comparing Montrose's effective property tax rate to other cities in Colorado and the national median provides valuable insight into the relative affordability of property taxes in this area.
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 Montrose Tax Rate
0.35%
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%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montrose, Ouray County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81403 | 0.32% | 0.32% | 0.35% | 0.38% | 0.41% |
| 81401 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Montrose, Ouray County, Colorado
When examining property taxes in Montrose, 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 Ouray 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 Ouray County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Montrose. For example, the median home price in Montrose is $575,640, with tax bills ranging significantly across the county. Zip code 81403 has the highest median home price at $574,165.
Property Tax Assessment Values Across Montrose, Ouray County, Colorado
Source: Ownwell
$572,090
$709,705
$847,320
Median Montrose Market Value
$575,640
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 Montrose, Ouray County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81403 | $138,522 | $342,142 | $574,165 | $886,292 | $1,258,210 |
| 81401 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Montrose, Ouray County, Colorado
Median Montrose Tax Bill
$2,061
Median Ouray County Tax Bill
$2,936
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Montrose, Ouray County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81403 | $500 | $1,169 | $2,053 | $3,297 | $4,810 |
| 81401 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell