Lewis, Montezuma County, Colorado Property Taxes
Median Lewis, CO effective property tax rate: 0.35%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Lewis, CO home value: $155,444
Median annual Lewis, CO tax bill: $540, $1,860 lower than the national median property tax bill of $2,400.
How are property taxes in Montezuma County calculated?
Property taxes in Lewis, CO 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 Lewis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lewis, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lewis, Montezuma County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.37%
Estimate Property Tax Bill
$599
$556
Property Tax Rates Across Lewis, Montezuma County, Colorado
Local government entities determine property tax rates, resulting in significant variations across different regions within a state. Each county annually estimates its budgetary needs for public services and divides this by the total assessed value of all taxable properties within its jurisdiction, leading to the establishment of the property tax rate. While votes and legal frameworks play a role in setting these rates and budgets, this is the core of the annual process.
In Lewis, located in Montezuma County, Colorado, the effective property tax rate is considerably lower than both the state and national medians. With a median property tax rate of 0.35%, Lewis offers a more affordable option compared to the national median rate of 1.02%. This lower rate can result in significant savings for property owners, especially when contrasted with the national median property tax bill of $2,400. Property owners in Lewis can benefit from understanding these differences, which can translate into reduced financial burdens. By appealing property tax assessments or seeking exemptions, residents can further optimize their tax liabilities, ensuring they only pay their fair share.
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 Lewis Tax Rate
0.37%
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 Montezuma County Tax Rate
0.41%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lewis, Montezuma County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81327 | 0.24% | 0.37% | 0.37% | 0.39% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Lewis, Montezuma County, Colorado
When examining property taxes in Lewis, 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 Montezuma 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 tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Montezuma County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lewis. For example, the median home price in Lewis is $155,444, with tax bills ranging significantly across the county. Zip code 81327 has the highest median home price at $155,444.
Property Tax Assessment Values Across Lewis, Montezuma County, Colorado
Source: Ownwell
$86,250
$163,139
$240,028
Median Lewis Market Value
$161,907
Median Montezuma County Market Value
$196,348
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lewis, Montezuma County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81327 | $27,465 | $77,180 | $161,907 | $270,832 | $342,943 |
Source: Ownwell
Property Tax Bills Across Lewis, Montezuma County, Colorado
Median Lewis Tax Bill
$560
Median Montezuma County Tax Bill
$808
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Lewis, Montezuma County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81327 | $131 | $322 | $560 | $961 | $1,417 |
Source: Ownwell