Ophir, San Miguel County, Colorado Property Taxes

Name: Property Tax Bills Across Ophir, San Miguel County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Ophir, CO effective property tax rate: 0.21%, significantly lower than the national median of 1.02%, and also lower than the Colorado state median of 0.55%.
Median Ophir, CO home value: $553,656
Median annual Ophir, CO tax bill: $1,301, $1,099 lower than the national median property tax bill of $2,400.

How are property taxes in San Miguel County calculated?

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

Last Updated March 1, 2025

Ophir, San Miguel County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.29%

Estimate Property Tax Bill

$1,607

$1,491

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

Property Tax Rates Across Ophir, San Miguel County, Colorado

Local government entities determine tax rates, which can differ significantly within a state. This is because each county annually calculates its budget needs to fund services and divides this by the total value of all taxable property within its area. This calculation determines the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially the yearly procedure.

You can compare Ophir’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. In San Miguel County, where Ophir is located, the median property tax rate is 0.21%. This is notably lower than the national median property tax rate of 1.02%. Consequently, property owners in Ophir enjoy a lower property tax burden compared to many other regions across the country. Understanding these differences can be crucial for property owners looking to manage their tax obligations effectively.

Property Tax Rates Across Ophir, San Miguel County, Colorado

Source: Ownwell

0.29%

0.34%

0.38%

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 Ophir Tax Rate

0.29%

Median Effective San Miguel County Tax Rate

0.34%

Median Effective Colorado Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ophir, San Miguel County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81426	0.20%	0.26%	0.29%	0.43%	0.45%

Source: Ownwell

Property Tax Assessment Values Across Ophir, San Miguel County, Colorado

When examining property taxes in Ophir, Colorado, 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 Miguel 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 San Miguel 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 Ophir. For example, the median home price in Ophir is $553,656, with tax bills ranging significantly across the county. Zip code 81426 has the highest median home price at $553,656.

Property Tax Assessment Values Across Ophir, San Miguel County, Colorado

Source: Ownwell

$554,171

$1,058,370

$1,562,568

Median Ophir Market Value

$554,171

Median San Miguel County Market Value

$1,031,718

Median Colorado Market Value

$519,879

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ophir, San Miguel County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81426	$178,820	$363,940	$554,171	$837,142	$1,136,785

Source: Ownwell

Property Tax Bills Across Ophir, San Miguel County, Colorado

In Ophir, located in San Miguel County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region experience a median property tax bill of $1,301, which is notably lower than the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $630 and the 90th percentile reaching $3,715. These variations depend on factors like the property's location, size, and any applicable exemptions. For homeowners in Ophir, these tax bills can represent a significant expense, impacting overall affordability and financial planning.

Ownwell offers valuable assistance by helping homeowners in Ophir navigate the complexities of property tax appeals and exemptions. By leveraging expert knowledge and local insights, Ownwell can identify potential savings opportunities, ensuring homeowners pay only their fair share. This personalized approach not only helps reduce the financial burden but also provides peace of mind, knowing that property taxes are being managed efficiently and effectively.

Property Tax Bills Across Ophir, San Miguel County, Colorado

Source: Ownwell

$1,908

$3,761

$5,613

Median Ophir Tax Bill

$1,908

Median San Miguel County Tax Bill

$3,674

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Ophir, San Miguel County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81426	$315	$964	$1,908	$3,250	$4,867

Source: Ownwell