Swink, Otero County, Colorado Property Taxes
Median Swink, CO effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Swink, CO home value: $91,870
Median annual Swink, CO tax bill: $513, $1,887 lower than the national median property tax bill of $2,400.
How are property taxes in Otero calculated?
Property taxes in Swink, 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 Swink’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Swink, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Swink, Otero County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.39%
Estimate Property Tax Bill
$502
$466
Property Tax Rates Across Swink, Otero County, Colorado
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 Swink Tax Rate
0.39%
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
0.26%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Swink, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81077 | 0.18% | 0.25% | 0.39% | 0.53% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Swink, Otero County, Colorado
When examining property taxes in Swink, 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 Otero 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 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 Swink. For example, the median home price in Swink is $91,870, with tax bills ranging significantly across the county. The 81077 zip code has the highest median home price at $92,224.
Property Tax Assessment Values Across Swink, Otero County, Colorado
Source: Ownwell
$67,905
$98,338
$128,770
Median Swink Market Value
$128,770
Median Otero County Market Value
$88,348
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Swink, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81077 | $24,938 | $69,450 | $128,770 | $198,293 | $301,449 |
Source: Ownwell
Property Tax Bills Across Swink, Otero County, Colorado
In Swink, property tax bills are calculated based on the assessed value of a property, which is determined by the Otero County Assessor. The assessed value is a percentage of the market value, and the tax rate applied is set by local taxing authorities. Homeowners in Swink typically experience property tax bills ranging from $270 at the 25th percentile to $1,800 at the 90th percentile. The median tax bill in the area is $513, which is significantly lower than the national median of $2,400, offering a more affordable option for homeowners.
Factors influencing property tax bills include changes in market conditions and local government budgets. High property taxes can strain household finances, making it essential for homeowners to ensure their assessments are accurate. Ownwell assists homeowners in Swink by offering property tax appeal services, potentially reducing tax liabilities. By analyzing assessments and identifying discrepancies, Ownwell helps ensure that homeowners pay only their fair share, providing substantial savings and alleviating financial burdens.
Median Swink Tax Bill
$415
Median Otero County Tax Bill
$177
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Swink, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81077 | $69 | $142 | $415 | $879 | $1,800 |
Source: Ownwell