Crestone, Saguache County, Colorado Property Taxes
Median Crestone, CO effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Crestone, CO home value: $106,963
Median annual Crestone, CO tax bill: $771, $1,629 lower than the national median property tax bill of $2,400.
How are property taxes in Saguache County calculated?
Property taxes in Crestone, 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 Crestone’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Crestone, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Crestone, Saguache County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$973
$903
Property Tax Rates Across Crestone, Saguache County, Colorado
Local government entities are responsible for setting property tax rates, which can vary significantly within Colorado. This variation is primarily due to each county estimating its annual budget needs for services and dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is the basic annual process.
In Crestone, located in Saguache County, the effective property tax rate is a reflection of this process. When compared to other cities in Colorado and the national averages, Crestone’s property tax rate offers a unique perspective. While the national median property tax rate stands at 1.02%, Crestone's rate is notably different. This difference highlights the localized nature of property tax assessments and the influence of county-specific budgetary requirements. For property owners in Crestone, understanding these dynamics is crucial, as it directly impacts their annual property tax bills and overall financial planning.
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 Crestone Tax Rate
0.91%
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 Saguache County Tax Rate
0.66%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Crestone, Saguache County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81131 | 0.52% | 0.66% | 0.91% | 2.80% | 3.82% |
Source: Ownwell
Property Tax Assessment Values Across Crestone, Saguache County, Colorado
When examining property taxes in Crestone, 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 Saguache 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 Saguache 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 Crestone. For example, the median home price in Crestone is $106,963, with tax bills ranging significantly across the county. Zip code 81131 has the highest median home price at $106,963.
Property Tax Assessment Values Across Crestone, Saguache County, Colorado
Source: Ownwell
$24,000
$65,482
$106,963
Median Crestone Market Value
$106,963
Median Saguache County Market Value
$49,043
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Crestone, Saguache County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81131 | $1,800 | $5,456 | $106,963 | $206,578 | $316,839 |
Source: Ownwell
Property Tax Bills Across Crestone, Saguache County, Colorado
Median Crestone Tax Bill
$771
Median Saguache County Tax Bill
$305
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Crestone, Saguache County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81131 | $68 | $165 | $771 | $1,680 | $2,523 |
Source: Ownwell