Sanford, Costilla County, Colorado Property Taxes

Name: Property Tax Bills Across Sanford, Costilla County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Sanford, CO effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Sanford, CO home value: $74,347
Median annual Sanford, CO tax bill: $232, $2,168 lower than the national median property tax bill of $2,400.

How are property taxes in Costilla calculated?

Property taxes in Sanford, 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 Sanford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sanford, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sanford, Costilla County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$297

$276

Ownwell’s Sanford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sanford with just two data points.

By entering your property's estimated assessed value, our calculator applies Sanford’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 Costilla County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sanford, Costilla County, Colorado

Local government entities in Colorado set tax rates, resulting in significant variations across the state. This variation occurs because each county annually estimates its necessary budget to fund local services and divides this by the total assessed value of all taxable property within its boundaries. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual procedure.

In Sanford, located in Costilla County, the effective property tax rate is considerably lower than the national median of 1.02%. This provides a unique advantage for property owners in Sanford, as they benefit from lower property tax bills compared to many other regions in the U.S. When comparing Sanford’s effective property tax rate to other cities in Colorado, it remains notably lower than the state median. This distinction highlights Sanford as an attractive location for property owners seeking reduced tax burdens. Understanding these differences can be crucial for property owners aiming to optimize their tax liabilities and make informed decisions about their property investments.

Property Tax Rates Across Sanford, Costilla County, Colorado

Source: Ownwell

0.40%

0.50%

0.61%

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 Sanford Tax Rate

0.40%

Median Effective Costilla County Tax Rate

0.60%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sanford, Costilla County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81151	0.20%	0.40%	0.40%	0.42%	0.70%

Source: Ownwell

Property Tax Assessment Values Across Sanford, Costilla County, Colorado

When examining property taxes in Sanford, 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 Costilla 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 Costilla 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 Sanford.

For example, the median home price in Sanford is $74,347, with tax bills ranging significantly across the county. Zip code 81151 has the highest median home price at $74,347.

Property Tax Assessment Values Across Sanford, Costilla County, Colorado

Source: Ownwell

$63,470

$88,327

$113,183

Median Sanford Market Value

$74,347

Median Costilla County Market Value

$81,990

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sanford, Costilla County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81151	$31,110	$42,463	$74,347	$113,520	$187,164

Source: Ownwell

Property Tax Bills Across Sanford, Costilla County, Colorado

In Sanford, located in Costilla County, CO, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $74,347, homeowners can expect property tax bills that vary significantly. For instance, the 25th percentile tax bill is $148, while the 75th percentile reaches $516, and the 90th percentile climbs to $1,020. These figures highlight the variation in tax burdens across different properties, influenced by factors such as property size, location, and improvements. Compared to the national median property tax bill of $2,400, Sanford's tax bills are relatively lower, offering some relief to homeowners in the area. However, the financial impact can still be significant, especially for those at the higher end of the spectrum. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only what is fair and necessary.

Property Tax Bills Across Sanford, Costilla County, Colorado

Source: Ownwell

$232

$426

$620

Median Sanford Tax Bill

$232

Median Costilla County Tax Bill

$381

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Sanford, Costilla County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81151	$108	$148	$232	$516	$1,020

Source: Ownwell