80758 Property Tax Rate

Property owners in ZIP code 80758 (Wray, Colorado) pay a median of $1,228/year in property taxes on homes valued at $242,700. This translates to an effective tax rate of 0.51%, which is 22% above the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 80758 is approximately $102, which factors into escrow payments on mortgages. This ZIP code is located within Yuma County. This is $654 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 80758 has lower property taxes. ZIP codes with similar effective rates include 80305 (0.51%) and 80129 (0.51%).

In Wray, property taxes represent approximately 1.9% of the median household income of $66,071, providing context for the relative tax burden on homeowners in this area.

Post-Gallagher repeal, Yuma County assesses all residential property at market value without a rate cap, so your tax bill may increase significantly if the assessed value rises. The Senior Homestead Exemption is available to Yuma County residents 65+ with 10+ years continuous occupancy and exempts a portion of home value from taxation — submit your claim to the Yuma County Assessor's office immediately upon reaching age 65 or upon purchase if already qualified. Contact the Yuma County Assessor to confirm your assessed value and learn the specific exemption amount available in your area.