81077 Property Tax Rate

Property owners in ZIP code 81077 (Swink, Colorado) pay a median of $698/year in property taxes on homes valued at $143,700. This translates to an effective tax rate of 0.49%, which is 17% above the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 81077 is approximately $58, which factors into escrow payments on mortgages. This ZIP code is located within Otero County. This is $1,184 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 81077 has lower property taxes. ZIP codes with similar effective rates include 80620 (0.49%) and 80014 (0.49%).

In Swink, property taxes represent approximately 1.3% of the median household income of $54,583, providing context for the relative tax burden on homeowners in this area.

Colorado repealed Gallagher in 2020, eliminating the residential assessment rate cap, so Otero County will assess your property at full market value without preferential protection. The Senior Homestead Exemption is available to Otero County residents 65+ with 10+ continuous years of occupancy and significantly reduces your annual tax bill — file your application with the Otero County Assessor upon reaching 65 or immediately if already qualified. Contact the Otero County Assessor within 30 days of closing to confirm your assessed value and obtain the exemption application.