Montezuma, Summit County, Colorado Property Taxes

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

Median Montezuma, CO effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Montezuma, CO home value: $643,200
Median annual Montezuma, CO tax bill: $2,612, $212 higher than the national median property tax bill of $2,400.

How are property taxes in Summit calculated?

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

Last Updated March 1, 2025

Montezuma, Summit County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.42%

Estimate Property Tax Bill

$2,701

$2,507

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

Property Tax Rates Across Montezuma, Summit County, Colorado

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Montezuma’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. Montezuma, located in Summit County, has a property tax rate of 0.42%, which is significantly lower than the national median property tax rate of 1.02%. This makes Montezuma an attractive option for property owners looking to save on taxes. In contrast, the median property tax bill in Montezuma is also likely to be lower than the national median of $2400, offering further financial relief. By choosing Montezuma, property owners can enjoy the benefits of residing in a region with lower property tax obligations while still accessing essential services funded by these taxes.

Property Tax Rates Across Montezuma, Summit County, Colorado

Source: Ownwell

0.40%

0.42%

0.45%

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 Montezuma Tax Rate

0.42%

Median Effective Summit County Tax Rate

0.40%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Montezuma, Summit County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80435	0.40%	0.42%	0.42%	0.42%	0.42%

Source: Ownwell

Property Tax Assessment Values Across Montezuma, Summit County, Colorado

When examining property taxes in Montezuma, 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 Summit 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 Summit 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 Montezuma. For example, the median home price in Montezuma is $643,200, with tax bills ranging significantly across the county. 80435 has the highest median home price at $643,200.

Property Tax Assessment Values Across Montezuma, Summit County, Colorado

Source: Ownwell

$459,600

$711,925

$964,250

Median Montezuma Market Value

$643,200

Median Summit County Market Value

$629,250

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Montezuma, Summit County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80435	$348,140	$540,800	$643,200	$719,900	$873,160

Source: Ownwell

Property Tax Bills Across Montezuma, Summit County, Colorado

In Montezuma, Summit County, CO, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. The median home price in Montezuma is $643,200, with property tax bills ranging from $2,267 at the 25th percentile to $4,255 at the 90th percentile. Compared to the national median property tax bill of $2,400, Montezuma's tax bills can be higher, particularly for homes at the upper end of the market. Factors influencing your tax bill include changes in market conditions and local government budgets. This can affect homeowners by increasing their annual expenses, potentially impacting affordability. Ownwell can help homeowners manage these costs by providing property tax appeal and exemption services. By reviewing your property's assessed value and ensuring it aligns with current market conditions, Ownwell can assist in reducing your tax liability, potentially saving you hundreds or even thousands of dollars annually.

Property Tax Bills Across Montezuma, Summit County, Colorado

Source: Ownwell

$1,825

$3,086

$4,346

Median Montezuma Tax Bill

$2,612

Median Summit County Tax Bill

$2,627

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Montezuma, Summit County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80435	$1,460	$2,267	$2,612	$2,926	$4,255

Source: Ownwell