Olney Springs, Crowley County, Colorado Property Taxes
Property Taxes in Olney Springs, Colorado
Median Olney Springs, Colorado effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, and slightly higher than the Colorado state median of 0.50%.
Median Olney Springs, Colorado home value: $39,403
Median annual Olney Springs, Colorado tax bill: $243, $2,157 lower than the national median property tax bill of $2,400.
How are property taxes in Crowley calculated?
Property taxes in Olney Springs, Colorado 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 Olney Springs's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Olney Springs, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Olney Springs, Crowley County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$217
$201
How Does the Olney Springs Property Tax Calculator Work?
Use this Olney Springs property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Olney Springs' median effective tax rate of 0.55% — based on actual property records in Crowley County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Olney Springs' median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Olney Springs: rates range from 0.55% in 81062 to 0.55% in 81062, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Olney Springs.
About Olney Springs Property Taxes
About Property Taxes in Olney Springs, Crowley, Colorado
Olney Springs has a median effective property tax rate of 0.55%, which is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Crowley County base levy combined with local school district levies and metro districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Olney Springs. Homeowners in ZIP code 81062 carry a median effective rate of 0.55%, while those in the lowest ZIP also pay 0.55%. This spread reflects how school district boundaries and local assessment districts are drawn across Crowley County. Understanding which part of Olney Springs you live in can make a meaningful difference to your annual tax bill.
Olney Springs homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before June 1, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Olney Springs, Crowley County, Colorado
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county 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.
Below, you can compare Olney Springs's effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.
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 Olney Springs Tax Rate
0.55%
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 Crowley County Tax Rate
0.61%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Olney Springs, Crowley County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81062 | 0.33% | 0.48% | 0.55% | 0.58% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Olney Springs, Crowley County, Colorado
When examining property taxes in Olney Springs, 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 Crowley County assessor 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.
Assessment notices:
In Crowley County, assessment notices are sent in May 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. The median home price in Olney Springs is $39,403, and the median tax bill is $243, far below the national median property tax bill of $2,400. The highest median home price is in 81062 at $39,403.
Property Tax Assessment Values Across Olney Springs, Crowley County, Colorado
Source: Ownwell
$18,032
$48,338
$78,643
Median Olney Springs Market Value
$39,403
Median Crowley County Market Value
$38,990
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Olney Springs, Crowley County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81062 | $12,764 | $14,925 | $39,403 | $105,857 | $189,562 |
Source: Ownwell
Property Tax Bills Across Olney Springs, Crowley County, Colorado
Property tax bills in Olney Springs are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value. For homeowners, that means the tax bill depends on both how much the home is worth and how local taxing authorities set their rates.
With a median home price of $39,403, property taxes in the city are relatively modest compared with the national median property tax bill of $2,400. The typical tax bill falls between $82 at the 25th percentile and $623 at the 75th percentile, while the 90th percentile reaches $1,186. The median tax bill is $243 in ZIP code 81062, which is also the highest and lowest median tax bill reported for the area.
For homeowners, this means property taxes can vary widely even among homes in the same city, depending on assessed value and local tax rates.
Median Olney Springs Tax Bill
$243
Median Crowley County Tax Bill
$254
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Olney Springs, Crowley County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81062 | $50 | $82 | $243 | $623 | $1,186 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Crowley Tax Assessor | |
| Website | www.qpublic.net |