81335 Property Tax Rate

Property owners in ZIP code 81335 (Yellow Jacket, Colorado) pay a median of $897/year in property taxes on homes valued at $437,500. This translates to an effective tax rate of 0.20%, which is 51% below the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 81335 is approximately $75, which factors into escrow payments on mortgages. This ZIP code is located within Montezuma County. This is $985 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 81335 has lower property taxes. ZIP codes with similar effective rates include 80813 (0.21%) and 81643 (0.21%).

In Yellow Jacket, property taxes represent approximately 0.9% of the median household income of $103,476, providing context for the relative tax burden on homeowners in this area.

Your Montezuma County property will be reassessed to current market value upon purchase with no annual growth cap under Colorado's post-Gallagher structure. The Senior Homestead Exemption is available to residents 65+ with 10+ years of occupancy and reduces your taxable base significantly—file with the Montezuma County Assessor. Contact the Montezuma County Assessor's office within 30 days of closing to submit your exemption claim.