81433 Property Tax Rate

Property owners in ZIP code 81433 (Silverton, Colorado) pay a median of $1,085/year in property taxes on homes valued at $402,900. This translates to an effective tax rate of 0.27%, which is 35% below the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 81433 is approximately $90, which factors into escrow payments on mortgages. This ZIP code is located within San Juan County. This is $797 less than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 81433 has higher property taxes. ZIP codes with similar effective rates include 80930 (0.27%) and 81041 (0.27%).

In Silverton, property taxes represent approximately 1.5% of the median household income of $72,639, providing context for the relative tax burden on homeowners in this area.

San Juan County properties reset to full market value at purchase with no statewide cap on subsequent increases under Colorado's current law. Homeowners 65+ with 10+ years of residence qualify for the Senior Homestead Exemption, which significantly reduces assessed value—file with the San Juan County Assessor. Contact the San Juan County Assessor within 30 days of closing to submit your exemption application.