Durango, San Juan County, Colorado Property Taxes
The median property tax rate in Durango, CO is 0.30%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Durango at $546,308, the typical annual property tax bill amounts to $1,646, which is below the national median of $2,690. Property taxes in Durango are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Durango's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Durango or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Durango, San Juan County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$1,639
$1,521
Ownwell’s Durango Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Durango with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Durango to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Durango, San Juan County, Colorado
Property taxes in Durango, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Durango is 0.30%, significantly lower than both the Colorado state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Durango set these rates annually, and they can vary significantly across different neighborhoods. Each year, Durango estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Durango's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80203 zip code has the highest median property tax rate of 0.75%, while the 81230 zip code has the lowest median tax rate of 0.25%. Understanding how these cities compare with Durango provides valuable insights into the varying tax landscape across La Plata County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Durango Tax Rate
0.30%
Average San Juan County Tax Rate
0.32%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Durango, San Juan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81301 | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% |
Source: Ownwell
Property Tax Assessment Values Across Durango, San Juan County, Colorado
In Durango, Colorado, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the San Juan County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Durango, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Durango helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 81301 has the highest and lowest median tax bill, both at $1646.
Property Tax Assessment Values Across Durango, San Juan County, Colorado
Source: Ownwell
$220,595
$383,452
$546,308
Average Durango Assessed Value
$546,308
Average San Juan County Assessed Value
$239,932
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Durango, San Juan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81301 | $543,886 | $543,886 | $546,308 | $560,528 | $974,510 |
Source: Ownwell
Property Tax Bills Across Durango, San Juan County, Colorado
In Durango, San Juan County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For homeowners in Durango, the median home price is $546,308. The property tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or abatements. For example, tax bills in Durango range significantly, with the 25th percentile at $1,639 and the 75th percentile at $1,846. The 90th percentile tax bill can reach up to $2,936, showing the variability based on property value and other factors. For homeowners, these tax bills represent a significant annual expense, impacting their overall cost of living. Compared to the national median property tax rate of 0.99%, homeowners in Durango experience a relatively moderate tax burden, reflecting the area's property values and local tax policies.
Average Durango Tax Bill
$1,646
Average San Juan County Tax Bill
$871
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Durango, San Juan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81301 | $1,639 | $1,639 | $1,646 | $1,846 | $2,936 |
Source: Ownwell