Ordway, Lincoln County, Colorado Property Taxes
Median Ordway, CO effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Ordway, CO home value: $127,377
Median annual Ordway, CO tax bill: $690, $1,710 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Ordway, 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 Ordway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ordway, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ordway, Lincoln County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$662
$615
Property Tax Rates Across Ordway, Lincoln County, Colorado
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budget requirements 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 essentially the annual process.
In Ordway, located in Crowley County, Colorado, the effective property tax rate is 0.52%. This rate is notably lower compared to the national median property tax rate of 1.02%. The median property tax bill in Ordway also tends to be lower than the national median bill of $2400, making it an attractive location for property owners seeking affordability in property taxes.
Comparing Ordway’s property tax rate to other cities in Colorado and the U.S. highlights its competitiveness in maintaining lower property tax rates. This can be a significant advantage for homeowners and potential buyers considering the overall cost of living.
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 Ordway Tax Rate
0.52%
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 Lincoln County Tax Rate
0.60%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ordway, Lincoln County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81063 | 0.47% | 0.47% | 0.52% | 0.73% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Ordway, Lincoln County, Colorado
When examining property taxes in Ordway, CO, 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 Lincoln 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 Lincoln County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Ordway.
For example, the median home price in Ordway is $127,377, with tax bills ranging significantly across the county. 81063 has the highest median home price at $127,377.
Property Tax Assessment Values Across Ordway, Lincoln County, Colorado
Source: Ownwell
$64,047
$99,746
$135,444
Median Ordway Market Value
$127,377
Median Lincoln County Market Value
$108,229
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ordway, Lincoln County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81063 | $5,098 | $23,010 | $127,377 | $186,575 | $283,297 |
Source: Ownwell
Property Tax Bills Across Ordway, Lincoln County, Colorado
In Ordway, located in Lincoln County, CO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property improvements, location, and market trends can influence the assessed value, impacting the overall tax bill. With a median home price of $127,377, homeowners in Ordway face tax bills that vary significantly. For instance, the 25th percentile tax bill is $420, while the 90th percentile reaches $1,720. This range indicates a substantial difference in tax obligations among homeowners.
Given that the national median property tax bill is $2,400, Ordway's tax burden appears relatively modest. However, many homeowners may still find their tax bills burdensome. Ownwell can assist by reviewing property assessments for inaccuracies and filing appeals to potentially lower tax bills. By leveraging local expertise and understanding of tax regulations, Ownwell helps homeowners achieve significant savings on their property taxes.
Median Ordway Tax Bill
$690
Median Lincoln County Tax Bill
$650
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Ordway, Lincoln County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81063 | $24 | $420 | $690 | $1,109 | $1,720 |
Source: Ownwell