80731 Property Tax Rate

Property owners in ZIP code 80731 (Haxtun, Colorado) pay a median of $989/year in property taxes on homes valued at $230,900. This translates to an effective tax rate of 0.43%, which is 3% above the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 80731 is approximately $82, which factors into escrow payments on mortgages. This ZIP code is located within Phillips County. This is $893 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 80731 has lower property taxes. ZIP codes with similar effective rates include 80116 (0.43%) and 80831 (0.43%).

In Haxtun, property taxes represent approximately 1.4% of the median household income of $70,000, providing context for the relative tax burden on homeowners in this area.

Since Colorado repealed the Gallagher Amendment in 2020, residential properties no longer benefit from a preferential assessment rate, and your home will be valued at market value annually. Phillips County offers the Senior Homestead Exemption for homeowners 65+ with 10+ years continuous residence, reducing your taxable value substantially — apply at the Phillips County Assessor's office as soon as you establish residency. Obtain your Notice of Valuation from the Phillips County Assessor within 30 days of closing to verify the assessed value and review the appeal deadline.