81151 Property Tax Rate

Property owners in ZIP code 81151 (Sanford, Colorado) pay a median of $553/year in property taxes on homes valued at $156,900. 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 81151 is approximately $46, which factors into escrow payments on mortgages. This ZIP code is located within Costilla County. This is $1,329 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 81151 has higher property taxes. ZIP codes with similar effective rates include 81252 (0.35%) and 80459 (0.35%).

In Sanford, property taxes represent approximately 1.4% of the median household income of $39,542, providing context for the relative tax burden on homeowners in this area.

Your property will be reassessed to market value at sale under Colorado's current tax structure following the 2020 Gallagher Amendment repeal, with no statewide cap on assessed value growth. The Senior Homestead Exemption is available to Costilla County residents 65+ who have lived in their home for at least 10 years—this exemption reduces your taxable value significantly. File your application with the Costilla County Assessor within 30 days of closing to activate the exemption in your first tax year.