Telluride, San Miguel County, Colorado Property Taxes
Median Telluride, CO effective property tax rate: 0.31%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Telluride, CO home value: $1,025,886
Median annual Telluride, CO tax bill: $3,279, $879 higher than the national median property tax bill of $2,400.
How are property taxes in San Miguel County calculated?
Property taxes in Telluride, 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 Telluride’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Telluride, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Telluride, San Miguel County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.31%
Estimate Property Tax Bill
$3,180
$2,951
Property Tax Rates Across Telluride, San Miguel County, Colorado
Local government entities set tax rates, leading to significant variations within a state. Annually, each county estimates its necessary budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play roles in setting these rates and budgets, this is essentially the annual process.
For instance, Telluride in San Miguel County, CO, has an effective property tax rate that is notably lower than both the state's median rate and the national median of 1.02%. This can be advantageous for property owners looking to minimize their tax burden. Such a low rate can be a deciding factor for those considering real estate investments or relocations to Telluride.
When compared to other cities in Colorado and the national median property tax bill of $2,400, Telluride offers an appealing financial advantage. Understanding these differences can empower property owners and potential buyers to make informed decisions.
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 Telluride Tax Rate
0.31%
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 San Miguel County Tax Rate
0.31%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Telluride, San Miguel County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81435 | 0.18% | 0.25% | 0.31% | 0.37% | 0.37% |
Source: Ownwell
Property Tax Assessment Values Across Telluride, San Miguel County, Colorado
When examining property taxes in Telluride, 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 San Miguel 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 San Miguel 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 Telluride.
For example, the median home price in Telluride is $1,025,886, with tax bills ranging significantly across the county. Zip code 81435 has the highest median home price at $1,025,886.
Property Tax Assessment Values Across Telluride, San Miguel County, Colorado
Source: Ownwell
$553,656
$789,771
$1,025,886
Median Telluride Market Value
$1,025,886
Median San Miguel County Market Value
$778,036
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Telluride, San Miguel County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81435 | $225,510 | $423,923 | $1,025,886 | $2,653,950 | $5,339,079 |
Source: Ownwell
Property Tax Bills Across Telluride, San Miguel County, Colorado
Median Telluride Tax Bill
$3,279
Median San Miguel County Tax Bill
$2,268
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Telluride, San Miguel County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81435 | $772 | $1,465 | $3,279 | $6,859 | $13,128 |
Source: Ownwell