80821 Property Tax Rate

Property owners in ZIP code 80821 (Hugo, Colorado) pay a median of $885/year in property taxes on homes valued at $250,700. This translates to an effective tax rate of 0.35%, which is 15% below the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 80821 is approximately $74, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $997 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 80821 has higher property taxes. ZIP codes with similar effective rates include 80459 (0.35%) and 80922 (0.35%).

In Hugo, property taxes represent approximately 1.3% of the median household income of $65,625, providing context for the relative tax burden on homeowners in this area.

Colorado's repealed Gallagher Amendment eliminates residential assessment rate protections, meaning Lincoln County will assess your property at market value subject to annual revaluation. Lincoln County's Senior Homestead Exemption benefits homeowners 65+ with 10+ continuous years of residence and can be claimed through the Lincoln County Assessor's office. File your Senior Homestead Exemption claim with the Lincoln County Assessor before your next valuation notice to ensure the exemption is properly applied.