Florence, Custer County, Colorado Property Taxes

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

Median Florence, CO effective property tax rate: 0.35%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Florence, CO home value: $384,690
Median annual Florence, CO tax bill: $1,420, $980 lower than the national median property tax bill of $2,400.

How are property taxes in Custer calculated?

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

Last Updated March 1, 2025

Florence, Custer County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.29%

Estimate Property Tax Bill

$1,639

$1,521

Ownwell’s Florence Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Florence with just two data points. By entering your property's estimated assessed value, our calculator applies Florence’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 Custer County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Florence, Custer County, Colorado

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

Florence in Custer County, Colorado, has a property tax rate that stands out when compared to other cities in the state and the national average. With Colorado's median property tax rate significantly lower than the national median of 1.02%, property owners in Florence benefit from a comparatively lower tax burden. This makes it an attractive location for both current and prospective property owners who are looking to manage their expenses effectively. By understanding these variations, property owners can make informed decisions and potentially save money on their annual property tax bills.

Property Tax Rates Across Florence, Custer County, Colorado

Source: Ownwell

0.27%

0.31%

0.36%

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 Florence Tax Rate

0.29%

Median Effective Custer County Tax Rate

0.36%

Median Effective Colorado Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Florence, Custer County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81226	0.18%	0.27%	0.29%	0.30%	0.33%

Source: Ownwell

Property Tax Assessment Values Across Florence, Custer County, Colorado

When examining property taxes in Florence, 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 Custer 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. In Custer 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 Florence. For example, the median home price in Florence is $384,690, with tax bills ranging significantly across the county. Zip code 81226 has the highest median home price at $384,690.

Property Tax Assessment Values Across Florence, Custer County, Colorado

Source: Ownwell

$243,083

$404,177

$565,271

Median Florence Market Value

$565,271

Median Custer County Market Value

$328,373

Median Colorado Market Value

$519,879

Median United States Market Value

$235,294

Property Tax Assessment Values Across Florence, Custer County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81226	$240,014	$308,952	$565,271	$718,524	$876,886

Source: Ownwell

Property Tax Bills Across Florence, Custer County, Colorado

In Florence, located in Custer County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Florence, the median home price is $384,690, leading to varying tax bills across different percentiles. At the 25th percentile, homeowners might pay around $929, while those at the 75th percentile could see bills near $1,800. The 90th percentile reaches up to $2,183, reflecting significant variability in tax obligations. These figures are notably below the national median property tax bill of $2,400, offering some relief to local homeowners.

Ownwell assists homeowners by identifying potential savings on their property tax bills through appeals and exemptions. By analyzing property assessments and ensuring they align with market values, Ownwell helps clients reduce their tax liabilities. This service can be particularly beneficial in a region like Florence, where understanding and navigating local tax regulations can lead to substantial financial savings.

Property Tax Bills Across Florence, Custer County, Colorado

Source: Ownwell

$622

$1,176

$1,730

Median Florence Tax Bill

$1,730

Median Custer County Tax Bill

$1,202

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Florence, Custer County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81226	$544	$896	$1,730	$2,180	$2,585

Source: Ownwell