Rye, Custer County, Colorado Property Taxes
Median Rye, Colorado effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%. Median Rye, Colorado home value: $174,978. Median annual Rye, Colorado tax bill: $791, $1,609 lower than the national median property tax bill of $2,400.
How are property taxes in Custer calculated?
Property taxes in Rye, 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 Rye’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rye, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rye, Custer County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.31%
Estimate Property Tax Bill
$790
$733
Property Tax Rates Across Rye, Custer County, Colorado
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 Rye 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 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 Rye, Custer County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81069 | 0.14% | 0.22% | 0.31% | 0.36% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Rye, Custer County, Colorado
When examining property taxes in Rye, 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 Custer 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 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 Rye.
For example, the median home price in Rye is $174,978, with tax bills ranging significantly across the county. 81069 has the highest median home price at $174,978.
Property Tax Assessment Values Across Rye, Custer County, Colorado
Source: Ownwell
$243,083
$404,177
$565,271
Median Rye Market Value
$254,884
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 Rye, Custer County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81069 | $71,879 | $106,057 | $254,884 | $400,828 | $552,837 |
Source: Ownwell
Property Tax Bills Across Rye, Custer County, Colorado
In Rye, located in Custer County, Colorado, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as property size, location, and improvements. Homeowners in Rye face a median property tax bill of $791, which is significantly lower than the national median of $2,400. Despite this, the tax burden can still be substantial, particularly for those with higher-value properties or fixed incomes. For instance, the tax bill at the 90th percentile reaches $1,670.
Ownwell offers a valuable service to homeowners by providing expert property tax appeal and exemption services. By analyzing local market conditions and comparable property values, Ownwell identifies opportunities to reduce assessed values and, consequently, tax bills. This can lead to significant savings, ensuring homeowners are not overpaying on their property taxes. With Ownwell’s assistance, Rye residents can navigate the complexities of property tax assessments and secure potential reductions, providing financial relief and peace of mind.
Median Rye Tax Bill
$841
Median Custer County Tax Bill
$1,202
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Rye, Custer County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81069 | $73 | $192 | $841 | $1,374 | $2,010 |
Source: Ownwell