Oak Creek, Routt County, Colorado Property Taxes

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

Median OAK CREEK, CO effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median OAK CREEK, CO home value: $330,055
Median annual OAK CREEK, CO tax bill: $2,160, $240 lower than the national median property tax bill of $2,400.

How are property taxes in Routt calculated?

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

Last Updated March 1, 2025

Oak Creek, Routt County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$2,145

$1,991

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

Property Tax Rates Across Oak Creek, Routt County, Colorado

Local government entities determine tax rates, which can differ significantly across the state. This occurs because each county annually estimates its budgetary needs to fund services and divides that by the total value of all taxable property within its boundaries, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is the annual process in simple terms. In Oak Creek, located in Routt County, the effective property tax rate is 0.65%, which is lower than the national median property tax rate of 1.02%. This rate is consistent across the county, as both the highest and lowest median tax rates are also 0.65%. When compared to the national landscape, property owners in Oak Creek benefit from a lower tax rate, potentially resulting in a more favorable tax bill. This lower tax rate could be an attractive factor for potential property buyers or investors considering the area, as it suggests a more affordable cost of property ownership compared to other regions in the U.S.

Property Tax Rates Across Oak Creek, Routt County, Colorado

Source: Ownwell

0.38%

0.60%

0.82%

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 Oak Creek Tax Rate

0.65%

Median Effective Routt County Tax Rate

0.38%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Oak Creek, Routt County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80467	0.46%	0.57%	0.65%	0.68%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Oak Creek, Routt County, Colorado

When examining property taxes in Oak Creek, 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 Routt 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. Assessment notices: Routt 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 Oak Creek. For example, the median home price in Oak Creek is $330,055, with tax bills ranging significantly across the county. 80467 has the highest median home price at $330,055.

Property Tax Assessment Values Across Oak Creek, Routt County, Colorado

Source: Ownwell

$202,830

$401,175

$599,520

Median Oak Creek Market Value

$330,055

Median Routt County Market Value

$507,780

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Oak Creek, Routt County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80467	$80,710	$189,175	$330,055	$545,330	$884,905

Source: Ownwell

Property Tax Bills Across Oak Creek, Routt County, Colorado

In Oak Creek, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's location, size, and condition. For homeowners in Oak Creek, property tax bills can vary significantly, with the 25th percentile at $1,272 and the 75th percentile reaching $3,545. In comparison, the national median property tax bill is $2,400. This variability means that some homeowners may pay significantly less or more than the national average.

Ownwell can assist homeowners in Oak Creek by reviewing their property assessments to identify any inaccuracies or overvaluations. By filing appeals and seeking exemptions where applicable, Ownwell can help reduce the overall tax burden. This service not only ensures that homeowners are not overpaying but also provides peace of mind knowing their property taxes are fair and accurate.

Property Tax Bills Across Oak Creek, Routt County, Colorado

Source: Ownwell

$1,203

$1,813

$2,422

Median Oak Creek Tax Bill

$2,160

Median Routt County Tax Bill

$2,259

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Oak Creek, Routt County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80467	$567	$1,272	$2,160	$3,545	$5,607

Source: Ownwell