80654 Property Tax Rate

Property owners in ZIP code 80654 (Wiggins, Colorado) pay a median of $2,162/year in property taxes on homes valued at $396,500. This translates to an effective tax rate of 0.55%, which is 31% above the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 80654 is approximately $180, which factors into escrow payments on mortgages. This ZIP code is located within Morgan County. This is $280 more than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 80654 has higher property taxes. ZIP codes with similar effective rates include 80503 (0.55%) and 80528 (0.54%).

In Wiggins, property taxes represent approximately 2.2% of the median household income of $99,830, providing context for the relative tax burden on homeowners in this area.

Colorado's Gallagher Amendment was repealed in 2020, eliminating the residential assessment rate cap, so your home will be assessed at market value and subject to annual increases based on county valuations. Morgan County residents age 65+ who have occupied their home for 10+ years qualify for the Senior Homestead Exemption, which reduces assessed value and can be claimed through the Morgan County Assessor's office. Contact the Morgan County Assessor immediately after purchase to verify your assessment and confirm eligibility if you meet the senior criteria.