81301 Property Tax Rate

Property owners in ZIP code 81301 (Durango, Colorado) pay a median of $1,486/year in property taxes on homes valued at $634,900. This translates to an effective tax rate of 0.23%, which is 44% below the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 81301 is approximately $124, which factors into escrow payments on mortgages. This ZIP code is located within La Plata County. This is $396 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 81301 has lower property taxes. ZIP codes with similar effective rates include 81224 (0.23%) and 81326 (0.24%).

In Durango, property taxes represent approximately 1.8% of the median household income of $83,209, providing context for the relative tax burden on homeowners in this area.

Colorado's post-Gallagher assessment means your property resets to full market value at purchase with no automatic caps on future increases. La Plata County homeowners age 65+ with 10+ years of residence can claim the Senior Homestead Exemption to lower taxable value substantially. Contact the La Plata County Assessor immediately after closing to apply for exemptions and verify your base year assessment, as exemption deadlines vary by county.