Westcliffe, Custer County, Colorado Property Taxes
Median Westcliffe, CO 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 Westcliffe, CO home value: $223,286
Median annual Westcliffe, CO tax bill: $1,032, $1,368 lower than the national median property tax bill of $2,400.
How are property taxes in Custer calculated?
Property taxes in Westcliffe, 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 Westcliffe’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Westcliffe, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Westcliffe, Custer County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.46%
Estimate Property Tax Bill
$1,027
$953
Property Tax Rates Across Westcliffe, Custer County, Colorado
Local government entities determine property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Westcliffe, located in Custer County, Colorado, the effective property tax rate stands out when compared to other cities in the state and the national median. Colorado's median property tax rate is notably lower than the national median of 1.02%. This makes Westcliffe an appealing location for property owners seeking lower tax burdens. The process of determining these rates involves careful consideration of local budgetary needs and the total assessed value of properties, ensuring that necessary public services are funded. Understanding these local nuances can be crucial for property owners navigating the complexities of property taxes.
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 Westcliffe Tax Rate
0.46%
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
0.46%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Westcliffe, Custer County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81252 | 0.37% | 0.46% | 0.46% | 0.47% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Westcliffe, Custer County, Colorado
When examining property taxes in Westcliffe, 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 Westcliffe. For example, the median home price in Westcliffe is $223,286, with tax bills ranging significantly across the county. The 81252 zip code has the highest median home price at $223,286.
Property Tax Assessment Values Across Westcliffe, Custer County, Colorado
Source: Ownwell
$160,085
$272,388
$384,690
Median Westcliffe Market Value
$223,286
Median Custer County Market Value
$218,072
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Westcliffe, Custer County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81252 | $56,273 | $122,057 | $223,286 | $348,520 | $494,734 |
Source: Ownwell
Property Tax Bills Across Westcliffe, Custer County, Colorado
In Westcliffe, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessment takes into account factors such as the market value, location, and size of the property. Homeowners in Custer County typically face a median property tax bill of $1,032, which is below the national median of $2,400. This can vary widely, with bills ranging from the 25th percentile at $548 to the 90th percentile at $2,440, reflecting differences in property values and local tax rates.
High property taxes can significantly impact homeowners, affecting their monthly expenses and overall financial planning. Ownwell assists homeowners in Westcliffe by providing property tax appeal and exemption services. By analyzing the assessed value of your home and comparing it to similar properties, Ownwell identifies potential savings opportunities. This can lead to a reduction in your property tax bill, offering financial relief and ensuring you only pay your fair share. With Ownwell's expertise, homeowners can navigate the complexities of property taxes with confidence.
Median Westcliffe Tax Bill
$1,032
Median Custer County Tax Bill
$996
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Westcliffe, Custer County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81252 | $263 | $548 | $1,032 | $1,661 | $2,440 |
Source: Ownwell