Simla, Elbert County, Colorado Property Taxes
Property Taxes in Simla, Colorado
Median Simla, Colorado effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, and higher than the Colorado state median of 0.50%.
Median Simla, Colorado home value: $120,770
Median annual Simla, Colorado tax bill: $754, lower than the national median property tax bill of $2,400.
How are property taxes in Elbert calculated?
Property taxes in Simla, 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 Simla's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Simla, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Simla, Elbert County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$688
$639
How Does the Simla Property Tax Calculator Work?
Use this Simla property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Simla's median effective tax rate of 0.57% — 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 Simla'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 Simla: rates range from 0.57% in 80835 to 0.57% in 80835, 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 Simla.
About Simla Property Taxes
About Property Taxes in Simla, Elbert, Colorado
Simla’s median effective property tax rate of 0.57% is higher 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 Simla. Homeowners in the 80835 ZIP code carry a median effective rate of 0.57%, while those in the lowest ZIP code pay 0.57%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Elbert County. Understanding which part of Simla you live in can make a meaningful difference to your annual tax bill.
Simla homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Simla, 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 Simla'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 Simla Tax Rate
0.57%
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 Simla, Elbert County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80835 | 0.38% | 0.51% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Simla, Elbert County, Colorado
When examining property taxes in Simla, 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 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.
Assessment notices:
In Elbert County, assessment notices are sent in May 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 Simla.
For example, the median home price in Simla is $120,770, with tax bills ranging significantly across the county. 80835 has the highest median home price at $120,770.
Property Tax Assessment Values Across Simla, Elbert County, Colorado
Source: Ownwell
$119,331
$439,485
$759,638
Median Simla Market Value
$120,770
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 Simla, Elbert County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80835 | $12,490 | $20,221 | $120,770 | $224,887 | $357,218 |
Source: Ownwell
Property Tax Bills Across Simla, Elbert County, Colorado
How are property tax bills calculated in Simla?
Property tax bills in Simla are based on the assessed value of a home, not the market price alone. Local tax rates are applied to that assessed value to determine what a homeowner owes each year. For a home with a median home price of $120,770, the final bill can vary depending on the property’s assessed value and the tax rate used in Elbert County.
What factors are considered? The main drivers are the home’s assessed value, local taxing jurisdictions, and any exemptions or adjustments that may apply. In Simla, the 25th percentile tax bill is $318, while the 75th percentile tax bill is $1,346 and the 90th percentile tax bill is $1,854. The median tax bill is $754, which is well below the national median property tax bill of $2,400.
How does this affect homeowners? Lower bills can help keep housing costs more manageable, but changes in assessed value or tax rates can still raise annual expenses.
Median Simla Tax Bill
$754
Median Elbert County Tax Bill
$2,998
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Simla, Elbert County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80835 | $85 | $318 | $754 | $1,346 | $1,854 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Elbert Tax Assessor | |
| Website | services.elbertcounty-co.gov |