Cimarron, Montrose County, Colorado Property Taxes

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

Median CIMARRON, CO effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median CIMARRON, CO home value: $493,200
Median annual CIMARRON, CO tax bill: $2,545, $145 higher than the national median property tax bill of $2,400.

How are property taxes in Montrose calculated?

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

Last Updated March 1, 2025

Cimarron, Montrose County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.47%

Estimate Property Tax Bill

$2,060

$1,911

Ownwell’s Cimarron Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cimarron with just two data points. By entering your property's estimated assessed value, our calculator applies Cimarron’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Montrose. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cimarron, Montrose County, Colorado

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually 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 Cimarron’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.

In Cimarron, located in Montrose County, the property tax rate is notably lower than the national median. The area's effective tax rate stands at 0.47%, which is significantly below the national median of 1.02%. This translates to a more affordable tax bill for property owners compared to the national average. With a median property tax bill in Cimarron, residents benefit from lower property taxes while still enjoying the local services funded by these taxes. This makes Cimarron an attractive option for those looking to manage their property expenses effectively.

Property Tax Rates Across Cimarron, Montrose County, Colorado

Source: Ownwell

0.44%

0.50%

0.56%

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 Cimarron Tax Rate

0.47%

Median Effective Montrose County Tax Rate

0.48%

Median Effective Colorado Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cimarron, Montrose County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81220	0.47%	0.47%	0.47%	0.55%	0.81%

Source: Ownwell

Property Tax Assessment Values Across Cimarron, Montrose County, Colorado

When examining property taxes in Cimarron, 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 Montrose 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. Assessment notices: In Montrose 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 Cimarron. For example, the median home price in Cimarron is $493,200, with tax bills ranging significantly across the county. 81220 has the highest median home price at $493,200.

Property Tax Assessment Values Across Cimarron, Montrose County, Colorado

Source: Ownwell

$25,280

$251,150

$477,020

Median Cimarron Market Value

$438,200

Median Montrose County Market Value

$342,495

Median Colorado Market Value

$519,879

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cimarron, Montrose County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81220	$81,140	$206,940	$438,200	$612,510	$874,530

Source: Ownwell

Property Tax Bills Across Cimarron, Montrose County, Colorado

In Cimarron, located in Montrose County, CO, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to calculate the tax bill. Homeowners in Cimarron typically face a range of property tax bills, with the 25th percentile at $1,624 and the 75th percentile at $3,145. The 90th percentile sees bills as high as $5,152. With a median home price of $493,200, Cimarron's property tax bills can significantly impact homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers valuable assistance by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax obligations. By analyzing property assessments and identifying discrepancies, Ownwell can challenge overvaluations, ensuring homeowners pay only their fair share. This tailored approach not only alleviates financial burdens but also provides peace of mind to property owners in Cimarron.

Property Tax Bills Across Cimarron, Montrose County, Colorado

Source: Ownwell

$96

$1,170

$2,244

Median Cimarron Tax Bill

$2,065

Median Montrose County Tax Bill

$1,621

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Cimarron, Montrose County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81220	$520	$1,408	$2,065	$2,847	$5,276

Source: Ownwell