Nathrop, Chaffee County, Colorado Property Taxes
Median Nathrop, CO effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Nathrop, CO home value: $403,775
Median annual Nathrop, CO tax bill: $1,457, $943 lower than the national median property tax bill of $2,400.
How are property taxes in Chaffee calculated?
Property taxes in Nathrop, 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 Nathrop’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nathrop, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nathrop, Chaffee County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.31%
Estimate Property Tax Bill
$1,889
$1,753
Property Tax Rates Across Nathrop, Chaffee County, Colorado
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This is because each year, counties estimate the budget needed to provide essential services and then divide this by the total value of all taxable property in their area. This calculation ultimately determines the property tax rate. Although the process involves various votes and legal considerations, this is the basic annual procedure.
In Nathrop, located in Chaffee County, Colorado, the effective property tax rate is a key consideration for homeowners. This rate can be compared to other cities within Colorado and against the national median. With a median property tax rate significantly lower than the national median of 1.02%, homeowners in Nathrop benefit from relatively low property tax rates. This can make a substantial difference in annual expenses, especially when compared to areas with higher rates. Understanding these differences can help property owners make informed decisions about their investments and 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 Nathrop 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 Chaffee County Tax Rate
0.30%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Nathrop, Chaffee County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81236 | 0.13% | 0.28% | 0.31% | 0.32% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Nathrop, Chaffee County, Colorado
When examining property taxes in Nathrop, 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 Chaffee 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 Chaffee 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 Nathrop.
For example, the median home price in Nathrop is $403,775, with tax bills ranging significantly across the county. 81236 has the highest median home price at $403,775.
Property Tax Assessment Values Across Nathrop, Chaffee County, Colorado
Source: Ownwell
$264,918
$473,486
$682,053
Median Nathrop Market Value
$609,346
Median Chaffee County Market Value
$653,595
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Nathrop, Chaffee County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81236 | $80,183 | $379,263 | $609,346 | $884,630 | $1,113,129 |
Source: Ownwell
Property Tax Bills Across Nathrop, Chaffee County, Colorado
Median Nathrop Tax Bill
$1,898
Median Chaffee County Tax Bill
$1,973
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Nathrop, Chaffee County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81236 | $111 | $1,198 | $1,898 | $2,794 | $3,610 |
Source: Ownwell