81087 Property Tax Rate

Property owners in ZIP code 81087 (Vilas, Colorado) pay a median of $542/year in property taxes on homes valued at $71,400. This translates to an effective tax rate of 0.76%, which is 83% above the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 81087 is approximately $45, which factors into escrow payments on mortgages. This ZIP code is located within Baca County. This is $1,340 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 81087 has higher property taxes. ZIP codes with similar effective rates include 80023 (0.75%) and 80516 (0.74%).

In Vilas, property taxes represent approximately 1.7% of the median household income of $31,328, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 81087, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Baca County's tax assessor directly.