81431 Property Tax Rate

Property owners in ZIP code 81431 (Redvale, Colorado) pay a median of $793/year in property taxes on homes valued at $270,500. This translates to an effective tax rate of 0.29%, which is 29% below the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 81431 is approximately $66, which factors into escrow payments on mortgages. This ZIP code is located within San Miguel County. This is $1,089 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 81431 has lower property taxes. ZIP codes with similar effective rates include 81050 (0.29%) and 81235 (0.29%).

In Redvale, property taxes represent approximately 0.9% of the median household income of $87,900, providing context for the relative tax burden on homeowners in this area.

Your San Miguel County property will be reassessed to current market value at sale with no statewide cap on annual increases following Colorado's Gallagher repeal. The Senior Homestead Exemption is available to homeowners 65+ with 10+ years of occupancy and reduces assessed value substantially—file with the San Miguel County Assessor. Submit your exemption application to the San Miguel County Assessor within 30 days of purchase completion.