80743 Property Tax Rate

Property owners in ZIP code 80743 (Otis, Colorado) pay a median of $781/year in property taxes on homes valued at $227,000. This translates to an effective tax rate of 0.34%, which is 17% below the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 80743 is approximately $65, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $1,101 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 80743 has higher property taxes. ZIP codes with similar effective rates include 80440 (0.34%) and 81125 (0.34%).

In Otis, property taxes represent approximately 1.2% of the median household income of $67,071, providing context for the relative tax burden on homeowners in this area.

Colorado's repealed Gallagher Amendment means your property will be assessed at full market value with no residential rate cap, making annual reassessment increases possible. Washington County's Senior Homestead Exemption is available to owners 65+ in continuous residence for 10+ years and significantly reduces property tax burden — file your application with the Washington County Assessor within 30 days of purchase or age eligibility. Request a property tax estimate from the Washington County Assessor's office to understand your baseline liability.