Sheridan Lake, Kiowa County, Colorado Property Taxes
Property Taxes in Sheridan Lake, Colorado
Median Sheridan Lake, Colorado effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Sheridan Lake, Colorado home value: $14,925
Median annual Sheridan Lake, Colorado tax bill: $108, $2,292 lower than the national median property tax bill of $2,400.
How are property taxes in Kiowa calculated?
Property taxes in Sheridan Lake, Colorado are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Sheridan Lake's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sheridan Lake, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Sheridan Lake, Kiowa County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$107
$100
How Does the Sheridan Lake Property Tax Calculator Work?
Use this Sheridan Lake property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Sheridan Lake's median effective tax rate of 0.72% — based on actual property records in Kiowa County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Sheridan Lake's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Sheridan Lake: rates range from 108 in 81071 to 108 in 81071, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Sheridan Lake.
About Sheridan Lake Property Taxes
About Property Taxes in Sheridan Lake, Kiowa, Colorado
Sheridan Lake’s median effective property tax rate of 0.72% is higher than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Kiowa County base levy combined with local school district levies and metro districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Sheridan Lake. Homeowners in the 81071 ZIP code carry a median effective rate of 0.72%, while those in the same ZIP code pay 0.72%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Kiowa County. Understanding which part of Sheridan Lake you live in can make a meaningful difference to your annual tax bill.
Sheridan Lake homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 8, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Sheridan Lake, Kiowa County, Colorado
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Sheridan Lake's effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Sheridan Lake Tax Rate
0.72%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Kiowa County Tax Rate
1.00%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sheridan Lake, Kiowa County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81071 | 0.64% | 0.72% | 0.72% | 0.98% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Sheridan Lake, Kiowa County, Colorado
When examining property taxes in Sheridan Lake, Colorado, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Kiowa County assessor estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill.
Assessment notices are sent in May each year and typically reach property owners by the middle of the month.
Each notice includes both the market value and assessed value, along with an estimate of your property tax bill. In Sheridan Lake, the median home price is $14,925, and the median tax bill is $108, far below the national median property tax bill of $2,400. The highest median home price is in 81071 at $14,925.
Property Tax Assessment Values Across Sheridan Lake, Kiowa County, Colorado
Source: Ownwell
$14,925
$15,112
$15,298
Median Sheridan Lake Market Value
$14,925
Median Kiowa County Market Value
$14,925
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sheridan Lake, Kiowa County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81071 | $8,902 | $14,925 | $14,925 | $35,022 | $77,489 |
Source: Ownwell
Property Tax Bills Across Sheridan Lake, Kiowa County, Colorado
Property tax bills in Sheridan Lake are based on the assessed value of a home and the local tax rate set for Kiowa County. The tax bill is calculated by applying that rate to the property’s assessed market value, so homes with higher values generally owe more. For homeowners in Sheridan Lake, this means the amount due can vary widely depending on the value of the property and any local taxing obligations.
With a median home price of $14,925, property taxes in Sheridan Lake are relatively low compared with the national median property tax bill of $2,400. The 25th percentile tax bill is $102, while the 75th percentile is $408 and the 90th percentile is $793. The highest and lowest median tax bill in the area is $108 in zip code 81071. These figures show that even modest changes in assessed value can affect what homeowners pay each year.
Median Sheridan Lake Tax Bill
$108
Median Kiowa County Tax Bill
$149
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Sheridan Lake, Kiowa County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81071 | $64 | $102 | $108 | $408 | $793 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Kiowa Tax Assessor | |
| Website | qpublic.schneidercorp.com |