South Fork, Rio Grande County, Colorado Property Taxes

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

Median South Fork, CO effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median South Fork, CO home value: $209,136
Median annual South Fork, CO tax bill: $904, $1,496 lower than the national median property tax bill of $2,400.

How are property taxes in Rio Grande calculated?

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

Last Updated March 1, 2025

South Fork, Rio Grande County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.45%

Estimate Property Tax Bill

$941

$873

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

Property Tax Rates Across South Fork, Rio Grande County, Colorado

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties determine their necessary budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation establishes the property tax rate. Though votes and laws play a role in setting these rates and budgets, this summarizes the annual process.

In South Fork, located in Rio Grande County, the effective property tax rate stands at 0.45%. This rate is identical across the county, making it both the highest and lowest within the area. Compared to the median property tax rate in Colorado and the national median of 1.02%, South Fork's rate is considerably lower. This could mean significant savings for property owners in South Fork, especially when contrasted with the national median property tax bill of $2,400. Understanding these rates can help property owners make informed decisions about their investments and potential savings in property taxes, offering a clear advantage in regions like South Fork.

Property Tax Rates Across South Fork, Rio Grande County, Colorado

Source: Ownwell

0.44%

0.49%

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 South Fork Tax Rate

0.45%

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 South Fork, Rio Grande County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81154	0.45%	0.45%	0.45%	0.45%	0.45%

Source: Ownwell

Property Tax Assessment Values Across South Fork, Rio Grande County, Colorado

When examining property taxes in South Fork, 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. 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 South Fork. For example, the median home price in South Fork is $209,136, with tax bills ranging significantly across the county. Zip code 81154 has the highest median home price at $209,136.

Property Tax Assessment Values Across South Fork, Rio Grande County, Colorado

Source: Ownwell

$118,503

$164,080

$209,657

Median South Fork Market Value

$209,136

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 South Fork, Rio Grande County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81154	$27,656	$88,559	$209,136	$343,175	$524,849

Source: Ownwell

Property Tax Bills Across South Fork, Rio Grande County, Colorado

In South Fork, CO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as property location, size, and condition. With a median home price of $209,136, homeowners in South Fork typically see tax bills ranging from $375 at the 25th percentile to $1,533 at the 75th percentile. The highest median tax bill in the area is $904, which is below the national median of $2,400. These figures highlight a relatively lower tax burden compared to other regions. However, for homeowners looking to optimize their expenses, Ownwell offers valuable assistance. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners appeal their property taxes, ensuring they are not overpaying. This service can lead to significant savings, providing peace of mind and financial relief.

Property Tax Bills Across South Fork, Rio Grande County, Colorado

Source: Ownwell

$558

$803

$1,048

Median South Fork Tax Bill

$904

Median Rio Grande County Tax Bill

$659

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across South Fork, Rio Grande County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81154	$126	$375	$904	$1,533	$2,450

Source: Ownwell