San Miguel County, Colorado Property Taxes

What Are Effective Property Tax Rates Across San Miguel County?

Local government entities set tax rates, which vary widely across San Miguel County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.

Below, compare San Miguel County's effective property tax rate to other counties in Colorado or the U.S. median of 1.02%.

San Miguel County's median effective rate stands at 0.34%, which is lower than the national median of 1.02%. Within San Miguel County, the highest rate is found in Telluride at 0.34%, while Norwood has the lowest at 0.34%.

These variations reflect differences in local school district levies, metro districts assessments, and special district bonds — which compound the base county rate.

Property tax bills in San Miguel County are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the county’s tax rate to the assessed value, so a higher assessed value generally means a higher tax bill. The amount a homeowner owes can also be affected by exemptions, special district levies, and other local charges that are added to the base tax calculation.

With a median home price of $1,031,718, property taxes can vary widely across the county. The 25th percentile tax bill is $1,433, while the 75th percentile reaches $9,659 and the 90th percentile climbs to $18,874. That spread shows how much taxes can differ depending on a home’s assessed value and location. The highest median tax bill is $5,613 in Telluride, while the lowest median tax bill is $1,908 in Ophir. For homeowners, this means property taxes can be a major ongoing housing cost, especially when assessed values rise faster than expected.