Rocky Ford, Otero County, Colorado Property Taxes
Median Rocky Ford, CO effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Rocky Ford, CO home value: $56,369
Median annual Rocky Ford, CO tax bill: $276, $2,124 lower than the national median property tax bill of $2,400.
How are property taxes in Otero calculated?
Property taxes in Rocky Ford, 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 Rocky Ford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rocky Ford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rocky Ford, Otero County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$333
$309
Property Tax Rates Across Rocky Ford, Otero County, Colorado
Local government entities set tax rates, which can vary widely within a state. 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 Rocky Ford’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.
Rocky Ford, located in Otero County, boasts a median property tax rate of 0.59%, which is notably lower than the national median of 1.02%. This makes Rocky Ford an appealing option for property owners seeking lower property tax burdens. The highest and lowest median tax rates in the area are also 0.59%, indicating a consistent tax rate across the region. This stability provides a predictable financial environment for homeowners and investors alike. With its competitive tax rate, Rocky Ford stands out as a cost-effective choice in Colorado, offering a favorable contrast to the national landscape.
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 Rocky Ford Tax Rate
0.59%
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 Otero County Tax Rate
0.47%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rocky Ford, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81067 | 0.30% | 0.44% | 0.59% | 0.59% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Rocky Ford, Otero County, Colorado
When examining property taxes in Rocky Ford, 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 Otero 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 Otero 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 Rocky Ford. For example, the median home price in Rocky Ford is $56,369, with tax bills ranging significantly across the county. 81067 has the highest median home price at $56,369.
Property Tax Assessment Values Across Rocky Ford, Otero County, Colorado
Source: Ownwell
$49,806
$71,015
$92,224
Median Rocky Ford Market Value
$56,369
Median Otero County Market Value
$57,973
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Rocky Ford, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81067 | $18,333 | $31,844 | $56,369 | $95,052 | $146,087 |
Source: Ownwell
Property Tax Bills Across Rocky Ford, Otero County, Colorado
Median Rocky Ford Tax Bill
$276
Median Otero County Tax Bill
$266
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Rocky Ford, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81067 | $95 | $159 | $276 | $484 | $870 |
Source: Ownwell