Limon, Elbert County, Colorado Property Taxes
Property Taxes in Limon, Colorado
Median Limon, Colorado effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Limon, Colorado home value: $294,632
Median annual Limon, Colorado tax bill: $1,412, $988 lower than the national median property tax bill of $2,400.
How are property taxes in Elbert County calculated?
Property taxes in Limon, 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 Limon's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Limon, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Limon, Elbert County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.45%
Estimate Property Tax Bill
$1,326
$1,230
How Does the Limon Property Tax Calculator Work?
Use this Limon property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Limon's median effective tax rate of 0.45% — based on actual property records in Elbert 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 Limon's 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 Limon: rates range from 0.45% in 80828 to 0.45% in 80828, 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 Limon.
About Limon Property Taxes
About Property Taxes in Limon, Elbert, Colorado
Limon’s median effective property tax rate of 0.45% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Elbert 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 Limon. Homeowners in the 80828 ZIP code carry a median effective rate of 0.45%, while those in the same ZIP also pay 0.45%. This spread reflects how school district boundaries and local assessment districts are drawn across Elbert County. Understanding which part of Limon you live in can make a meaningful difference to your annual tax bill.
Limon homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 8, 2026 deadline each year.
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 Limon, Elbert 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 Limon'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 Limon Tax Rate
0.45%
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 Elbert County Tax Rate
0.51%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Limon, Elbert County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80828 | 0.36% | 0.42% | 0.45% | 0.54% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Limon, Elbert County, Colorado
When examining property taxes in Limon, 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 Elbert 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 Elbert 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. For Limon, the median home price is $294,632, and the median property tax bill is $1,412, well below the national median property tax bill of $2,400. The highest median home price is in 80828 at $294,632.
Property Tax Assessment Values Across Limon, Elbert County, Colorado
Source: Ownwell
$119,331
$439,485
$759,638
Median Limon Market Value
$294,632
Median Elbert County Market Value
$567,487
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Limon, Elbert County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80828 | $27,882 | $152,037 | $294,632 | $387,836 | $484,631 |
Source: Ownwell
Property Tax Bills Across Limon, Elbert County, Colorado
Property tax bills in Limon are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value rises, the assessed value can increase too, which may lead to a higher bill. The amount a homeowner owes also depends on exemptions, local levies, and how the property is classified for tax purposes.
For a home with a median market value of $294,632, the property tax bill can vary widely. In this area, the 25th percentile tax bill is $903, the 75th percentile is $1,963, and the 90th percentile is $2,311. The median tax bill is $1,412 in ZIP code 80828.
Compared with the national median property tax bill of $2,400, many homeowners in Limon pay less, but rising assessments can still affect affordability. Higher bills can increase monthly housing costs and make it harder for homeowners to budget, especially when local tax changes occur.
Median Limon Tax Bill
$1,412
Median Elbert County Tax Bill
$2,998
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Limon, Elbert County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80828 | $313 | $903 | $1,412 | $1,963 | $2,311 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Elbert Tax Assessor | |
| Website | services.elbertcounty-co.gov |