Wetmore, Custer County, Colorado Property Taxes

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

Median Wetmore, 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 Wetmore, CO home value: $193,032
Median annual Wetmore, CO tax bill: $682, $1,718 lower than the national median property tax bill of $2,400.

How are property taxes in Custer calculated?

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

Last Updated March 1, 2025

Wetmore, Custer County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.27%

Estimate Property Tax Bill

$656

$609

Ownwell’s Wetmore Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wetmore with just two data points. By entering your property's estimated assessed value, our calculator applies Wetmore’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Custer 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 Wetmore, Custer County, Colorado

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide 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 these rates and budgets, this is the annual process in a nutshell. Wetmore in Custer County, Colorado, exemplifies this variability. With a median property tax rate of 0.35%, Wetmore's rate is significantly lower than both the state and national medians. This lower rate can be beneficial for property owners in Wetmore, allowing them to allocate more of their resources elsewhere. However, it's essential to understand that a lower tax rate might also reflect the level of services provided by the local government. When comparing Wetmore’s effective property tax rate to other cities in Colorado, and with the national median, property owners can appreciate the financial advantages of residing in this region while considering the implications on local services.

Property Tax Rates Across Wetmore, 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 Wetmore Tax Rate

0.27%

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 Wetmore, Custer County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81253	0.12%	0.17%	0.27%	0.30%	0.40%

Source: Ownwell

Property Tax Assessment Values Across Wetmore, Custer County, Colorado

When examining property taxes in Wetmore, 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 appraisal district 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 Wetmore.

For example, the median home price in Wetmore is $193,032, with tax bills ranging significantly across the county. Zip code 81253 has the highest median home price at $193,032.

Property Tax Assessment Values Across Wetmore, Custer County, Colorado

Source: Ownwell

$243,083

$404,177

$565,271

Median Wetmore Market Value

$243,083

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 Wetmore, Custer County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81253	$66,450	$120,269	$243,083	$449,502	$685,935

Source: Ownwell

Property Tax Bills Across Wetmore, Custer County, Colorado

In Wetmore, located in Custer County, CO, property taxes are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Wetmore is $193,032, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $413, while at the 75th percentile, it rises to $1,106, and reaches $1,779 at the 90th percentile. The median property tax bill in the area is $682, which is lower compared to the national median of $2,400. This suggests that homeowners in Wetmore may benefit from relatively lower property tax rates. However, these taxes can still impact homeowners' budgets significantly. Ownwell offers a valuable service by assisting homeowners in Wetmore with property tax appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell can help homeowners potentially reduce their tax liabilities, ensuring they only pay what is fair and equitable, and thereby easing the financial burden of property ownership.

Property Tax Bills Across Wetmore, Custer County, Colorado

Source: Ownwell

$622

$1,176

$1,730

Median Wetmore Tax Bill

$622

Median Custer County Tax Bill

$1,202

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Wetmore, Custer County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81253	$89	$204	$622	$1,324	$2,119

Source: Ownwell