Monte Vista, Rio Grande County, Colorado Property Taxes
Median Monte Vista, CO effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but equal to the Colorado state median of 0.55%. Median Monte Vista, CO home value: $131,593. Median annual Monte Vista, CO tax bill: $622, $1,778 lower than the national median property tax bill of $2,400.
How are property taxes in Rio Grande County calculated? Property taxes in Monte Vista, 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 Monte Vista’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monte Vista, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Monte Vista, Rio Grande County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$724
$672
Property Tax Rates Across Monte Vista, Rio Grande County, Colorado
Local government entities determine tax rates, which can vary significantly within Colorado. Annually, each county calculates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
Monte Vista, located in Rio Grande County, offers a unique perspective on property tax rates. The effective property tax rate here is 0.55%, which is considerably lower than the national median of 1.02%. This lower rate can make Monte Vista an attractive option for property owners seeking to minimize their tax burden. Additionally, the median property tax rate in Colorado aligns with Monte Vista's rate, reflecting a consistent approach to property taxation across the state.
By comparing Monte Vista's effective property tax rate to other cities in Colorado and the national median, property owners can gain valuable insights into potential savings and benefits. Understanding these differences can empower property owners to make informed decisions about where to invest or settle.
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 Monte Vista Tax Rate
0.55%
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 Rio Grande County Tax Rate
0.45%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Monte Vista, Rio Grande County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81144 | 0.27% | 0.44% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Monte Vista, Rio Grande County, Colorado
When examining property taxes in Monte Vista, 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 Rio Grande 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 Rio Grande 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 Monte Vista. For example, the median home price in Monte Vista is $131,593, with tax bills ranging significantly across the county. 81144 has the highest median home price at $131,593.
Property Tax Assessment Values Across Monte Vista, Rio Grande County, Colorado
Source: Ownwell
$118,503
$164,080
$209,657
Median Monte Vista Market Value
$131,593
Median Rio Grande County Market Value
$142,738
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Monte Vista, Rio Grande County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81144 | $24,445 | $83,133 | $131,593 | $200,322 | $304,231 |
Source: Ownwell
Property Tax Bills Across Monte Vista, Rio Grande County, Colorado
Median Monte Vista Tax Bill
$622
Median Rio Grande County Tax Bill
$659
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Monte Vista, Rio Grande County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81144 | $118 | $342 | $622 | $982 | $1,700 |
Source: Ownwell