81130 Property Tax Rate

Property owners in ZIP code 81130 (Creede, Colorado) pay a median of $1,410/year in property taxes on homes valued at $404,800. This translates to an effective tax rate of 0.35%, which is 16% below the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 81130 is approximately $118, which factors into escrow payments on mortgages. This ZIP code is located within Mineral County. This is $472 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 81130 has higher property taxes. ZIP codes with similar effective rates include 81152 (0.35%) and 81147 (0.35%).

In Creede, property taxes represent approximately 2.7% of the median household income of $52,461, providing context for the relative tax burden on homeowners in this area.

Mineral County properties reset to market value at sale under Colorado's post-Gallagher tax structure, with no statewide annual increase cap. Residents 65+ with 10+ years of occupancy qualify for the Senior Homestead Exemption, which lowers your taxable base substantially. File your exemption claim with the Mineral County Assessor within 30 days of closing to ensure the reduction applies to your first full assessment year.