Fort Morgan, Morgan County, Colorado Property Taxes
Median Fort Morgan, CO effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but slightly higher than the Colorado state median of 0.55%.
Median Fort Morgan, CO home value: $219,845
Median annual Fort Morgan, CO tax bill: $1,151, $1,249 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan County calculated?
Property taxes in Fort Morgan, 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 Fort Morgan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fort Morgan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fort Morgan, Morgan County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.54%
Estimate Property Tax Bill
$1,412
$1,310
Property Tax Rates Across Fort Morgan, Morgan County, Colorado
Local government entities in Colorado set property tax rates, which can vary significantly across the state. This variation is due to each county estimating its required budget annually to provide local services, then dividing that budget by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While voting and legislation play roles in setting these rates and budgets, this is the core of the annual process.
In Fort Morgan, located in Morgan County, the effective property tax rate is 0.57%, which is below both Colorado's and the national median property tax rates. This lower rate could be appealing to property owners, as it suggests a lighter tax burden compared to other regions. The national median property tax rate stands at 1.02%, highlighting Fort Morgan's relative affordability. This makes Fort Morgan a potentially attractive option for those looking to benefit from lower property taxes while enjoying the amenities and services funded by these taxes.
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 Fort Morgan Tax Rate
0.54%
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 Morgan County Tax Rate
0.54%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fort Morgan, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80701 | 0.36% | 0.47% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Fort Morgan, Morgan County, Colorado
When examining property taxes in Fort Morgan, 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 Morgan 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 Morgan 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 Fort Morgan.
For example, the median home price in Fort Morgan is $219,845, with tax bills ranging significantly across the county. 80701 has the highest median home price at $219,845.
Property Tax Assessment Values Across Fort Morgan, Morgan County, Colorado
Source: Ownwell
$96,660
$227,953
$359,245
Median Fort Morgan Market Value
$261,395
Median Morgan County Market Value
$245,000
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fort Morgan, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80701 | $17,986 | $166,730 | $261,395 | $366,778 | $522,319 |
Source: Ownwell
Property Tax Bills Across Fort Morgan, Morgan County, Colorado
Median Fort Morgan Tax Bill
$1,346
Median Morgan County Tax Bill
$1,391
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Fort Morgan, Morgan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80701 | $459 | $891 | $1,346 | $1,904 | $2,707 |
Source: Ownwell