Ouray, Ouray County, Colorado Property Taxes

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

Median Ouray, CO effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Ouray, CO home value: $572,090
Median annual Ouray, CO tax bill: $2,351, $49 lower than the national median property tax bill of $2,400.

How are property taxes in Ouray County calculated?

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

Last Updated March 1, 2025

Ouray, Ouray County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.42%

Estimate Property Tax Bill

$2,225

$2,064

Ownwell’s Ouray Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ouray with just two data points. By entering your property's estimated assessed value, our calculator applies Ouray’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 Ouray County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ouray, Ouray County, Colorado

Local government entities set tax rates, which can vary widely within a state. This is because 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.

In Ouray, located in Ouray County, CO, the effective property tax rate is 0.42%, which is significantly lower than the national median of 1.02%. This low rate can offer substantial savings compared to other regions, making it an attractive option for property owners. When comparing this rate to other cities within Colorado, Ouray stands out with its favorable tax rate. The financial relief offered by such a low property tax rate can be a compelling factor for homeowners and investors considering real estate opportunities in this picturesque region. Understanding these variations in property tax rates is essential for making informed decisions about property investments and ownership.

Property Tax Rates Across Ouray, Ouray County, Colorado

Source: Ownwell

0.32%

0.37%

0.42%

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 Ouray Tax Rate

0.42%

Median Effective Ouray County Tax Rate

0.37%

Median Effective Colorado Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ouray, Ouray County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81427	0.35%	0.37%	0.42%	0.42%	0.42%

Source: Ownwell

Property Tax Assessment Values Across Ouray, Ouray County, Colorado

When examining property taxes in Ouray, 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 Ouray County appraisal district 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 Ouray 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 Ouray. For example, the median home price in Ouray is $572,090, with tax bills ranging significantly across the county. 81427 has the highest median home price at $572,090.

Property Tax Assessment Values Across Ouray, Ouray County, Colorado

Source: Ownwell

$529,670

$671,305

$812,940

Median Ouray Market Value

$529,670

Median Ouray County Market Value

$687,590

Median Colorado Market Value

$519,879

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ouray, Ouray County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81427	$152,603	$337,010	$529,670	$750,272	$1,042,395

Source: Ownwell

Property Tax Bills Across Ouray, Ouray County, Colorado

In Ouray, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Ouray can expect to pay a tax bill that varies significantly, with the 25th percentile at $1,619 and the 75th percentile reaching $3,235. The median tax bill in the area is $2,351, slightly below the national median of $2,400. These figures highlight the variability in tax bills and the potential financial burden on homeowners. Factors such as property location, improvements, and market conditions can influence the assessed value and, consequently, the tax bill. Ownwell can assist homeowners in Ouray by offering property tax appeal services, potentially lowering their tax burden. By reviewing assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying on their property taxes, providing peace of mind and financial relief.

Property Tax Bills Across Ouray, Ouray County, Colorado

Source: Ownwell

$1,746

$2,426

$3,106

Median Ouray Tax Bill

$2,101

Median Ouray County Tax Bill

$2,607

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Ouray, Ouray County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81427	$593	$1,345	$2,101	$3,011	$4,253

Source: Ownwell