81401 Property Tax Rate

Property owners in ZIP code 81401 (Montrose, Colorado) pay a median of $1,304/year in property taxes on homes valued at $343,000. This translates to an effective tax rate of 0.38%, which is 9% below the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 81401 is approximately $109, which factors into escrow payments on mortgages. This ZIP code is located within Montrose County. This is $578 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 81401 has higher property taxes. ZIP codes with similar effective rates include 81652 (0.38%) and 80425 (0.38%).

In Montrose, property taxes represent approximately 2.1% of the median household income of $63,541, providing context for the relative tax burden on homeowners in this area.

Montrose County properties reassess to market value at sale with no statewide annual increase cap following Colorado's 2020 Gallagher repeal. If you are 65 or older and have lived in your home for 10+ years, apply for the Senior Homestead Exemption with the Montrose County Assessor to reduce your assessed value. File your exemption application with the Montrose County Assessor within 30 days of purchase to ensure first-year activation.