Salida, Chaffee County, Colorado Property Taxes
Median Salida, CO effective property tax rate: 0.33%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Salida, CO home value: $438,395
Median annual Salida, CO tax bill: $1,479, $921 lower than the national median property tax bill of $2,400.
How are property taxes in Chaffee County calculated?
Property taxes in Salida, 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 Salida’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Salida, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Salida, Chaffee County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.33%
Estimate Property Tax Bill
$1,447
$1,343
Ownwell’s Salida Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Salida with just two data points. By entering your property's estimated assessed value, our calculator applies Salida’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value—determined by your county—reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chaffee County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Salida, Chaffee County, Colorado
Local government entities set tax rates, which can vary widely within a state. Why? Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Salida, located in Chaffee County, Colorado, the effective property tax rate is significantly lower than both the state and national averages. The median property tax rate in Colorado is 0.33%, which is considerably below the national median of 1.02%. This means that property owners in Salida often enjoy lower tax bills compared to other regions.
For homeowners, this can translate into substantial savings, allowing for more flexibility in budgeting for other expenses. When compared to the national median property tax bill of $2,400, Salida's lower rates can provide a financial advantage. Understanding these differences can help property owners make informed decisions about where to invest in real estate and how to manage their property tax liabilities effectively.
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 Salida Tax Rate
0.33%
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
0.36%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Salida, Chaffee County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81201 | 0.27% | 0.33% | 0.33% | 0.36% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Salida, Chaffee County, Colorado
When examining property taxes in Salida, 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 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 Chaffee 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 Salida.
For example, the median home price in Salida is $438,395, with tax bills ranging significantly across the county. Zip code 81201 has the highest median home price at $438,395.
Property Tax Assessment Values Across Salida, Chaffee County, Colorado
Source: Ownwell
$152,071
$295,233
$438,395
Median Salida Market Value
$438,395
Median Chaffee County Market Value
$418,760
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Salida, Chaffee County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81201 | $88,944 | $339,678 | $438,395 | $569,056 | $747,123 |
Source: Ownwell
Property Tax Bills Across Salida, Chaffee County, Colorado
Median Salida Tax Bill
$1,479
Median Chaffee County Tax Bill
$1,497
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Salida, Chaffee County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81201 | $692 | $1,142 | $1,479 | $1,973 | $2,645 |
Source: Ownwell