Silverton, San Juan County, Colorado Property Taxes
Median Silverton, CO effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Silverton, CO home value: $220,595
Median annual Silverton, CO tax bill: $706, $1,694 lower than the national median property tax bill of $2,400.
How are property taxes in San Juan calculated?
Property taxes in Silverton, 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 Silverton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Silverton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Silverton, San Juan County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.32%
Estimate Property Tax Bill
$706
$655
Property Tax Rates Across Silverton, San Juan County, Colorado
Local government entities are responsible for setting property tax rates, which can vary significantly across a state. This variation is due to each county's annual estimation of its budgetary needs to provide essential services. The county then divides this budget by the total assessed value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although votes and legislation play a role in determining tax rates and budgets, this is essentially the yearly process.
In Silverton, located in San Juan County, CO, the effective property tax rate is a point of interest for property owners. Compared to other cities in Colorado and the national median property tax rate of 1.02%, Silverton's rate is notably different. With the median property tax rate in Colorado at 0.32%, property owners in Silverton benefit from a lower tax burden compared to many other regions. This lower rate can be an attractive factor for potential homeowners considering a move to the area. Understanding how these rates compare can provide valuable insights for property owners and potential buyers when evaluating property tax implications in Silverton and beyond.
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 Silverton Tax Rate
0.32%
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 San Juan County Tax Rate
0.32%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Silverton, San Juan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81433 | 0.24% | 0.32% | 0.32% | 0.32% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Silverton, San Juan County, Colorado
When examining property taxes in Silverton, 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 San Juan County Assessor 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 San Juan 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 Silverton. For example, the median home price in Silverton is $220,595, with tax bills ranging significantly across the county. Zip code 81433 has the highest median home price at $220,595.
Property Tax Assessment Values Across Silverton, San Juan County, Colorado
Source: Ownwell
$220,595
$383,452
$546,308
Median Silverton Market Value
$220,595
Median San Juan County Market Value
$239,932
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Silverton, San Juan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81433 | $16,340 | $100,000 | $220,595 | $312,568 | $390,020 |
Source: Ownwell
Property Tax Bills Across Silverton, San Juan County, Colorado
Median Silverton Tax Bill
$706
Median San Juan County Tax Bill
$871
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Silverton, San Juan County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81433 | $316 | $600 | $706 | $994 | $1,264 |
Source: Ownwell