Yellow Jacket, Montezuma County, Colorado Property Taxes

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Property Taxes in Yellow Jacket, Colorado

Median Yellow Jacket, Colorado effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Yellow Jacket, Colorado home value: $153,043
Median annual Yellow Jacket, Colorado tax bill: $661, $1,739 lower than the national median property tax bill of $2,400.

How are property taxes in Montezuma calculated?

Property taxes in Yellow Jacket, 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 Yellow Jacket's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Yellow Jacket, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Yellow Jacket, Montezuma County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.37%

Estimate Property Tax Bill

$566

$525

How Does the Yellow Jacket Property Tax Calculator Work?

Use this Yellow Jacket property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Yellow Jacket's median effective tax rate of 0.37% — based on actual property records in Montezuma County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Yellow Jacket'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 Yellow Jacket: rates range from 0.37% in 81335 to 0.37% in 81335, 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 Yellow Jacket.

About Yellow Jacket Property Taxes

About Property Taxes in Yellow Jacket, Montezuma, Colorado

Yellow Jacket’s median effective property tax rate of 0.37% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Montezuma 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 Yellow Jacket. Homeowners in the 81335 ZIP code carry a median effective rate of 0.37%, while those in the same ZIP pay 0.37%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Montezuma County. Understanding which part of Yellow Jacket you live in can make a meaningful difference to your annual tax bill.

Yellow Jacket 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 Yellow Jacket, Montezuma 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 Yellow Jacket's effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.

Property Tax Rates Across Yellow Jacket, Montezuma County, Colorado

Source: Ownwell

0.37%

0.46%

0.56%

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 Yellow Jacket Tax Rate

0.37%

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 Yellow Jacket, Montezuma County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81335	0.32%	0.37%	0.37%	0.45%	0.82%

Source: Ownwell

Property Tax Assessment Values Across Yellow Jacket, Montezuma County, Colorado

When examining property taxes in Yellow Jacket, 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.

Assessment notices:

In Montezuma County, assessment notices are sent in May each year. They'll typically reach your mailbox by the middle of May.

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. For Yellow Jacket, the median home price is $153,043, and the median property tax bill is $661, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400. The highest median home price in the area is $153,043 in 81335.

Property Tax Assessment Values Across Yellow Jacket, Montezuma County, Colorado

Source: Ownwell

$86,250

$163,139

$240,028

Median Yellow Jacket Market Value

$153,043

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 Yellow Jacket, Montezuma County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81335	$15,072	$51,674	$153,043	$305,745	$483,074

Source: Ownwell

Property Tax Bills Across Yellow Jacket, Montezuma County, Colorado

How are property tax bills calculated in Yellow Jacket?

Property tax bills in Yellow Jacket are based on the assessed value of a home and the local tax rate applied to that value. Local taxing authorities determine the bill by using the property’s assessed market value, then applying the relevant mill levies for the area. Because taxes are tied to value, homes with higher assessed values generally face higher bills.

For homeowners, this means a change in market value can directly affect what they owe each year. A home priced near the median home price of $153,043 may have a very different bill depending on its assessment and the tax rates in Montezuma County. In Yellow Jacket, the 25th percentile tax bill is $256, while the 75th percentile is $1,178 and the 90th percentile is $1,786. The median tax bill is $661 in ZIP code 81335, which is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.

Property Tax Bills Across Yellow Jacket, Montezuma County, Colorado

Source: Ownwell

$373

$783

$1,193

Median Yellow Jacket Tax Bill

$661

Median Montezuma County Tax Bill

$808

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Yellow Jacket, Montezuma County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81335	$86	$256	$661	$1,178	$1,786

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 8

Links
Montezuma Tax Assessor
Website	eagleweb.co.montezuma.co.us

Frequently Asked Property Tax Questions in Yellow Jacket, Colorado

How are property taxes calculated in Yellow Jacket, Colorado?

Property taxes in Yellow Jacket, Colorado are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Yellow Jacket, Colorado?

To appeal your property taxes in Yellow Jacket, Colorado, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Yellow Jacket, Colorado?

Common property tax exemptions in Yellow Jacket, Colorado include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Yellow Jacket, Colorado?

Property tax deadlines in Yellow Jacket, Colorado vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Yellow Jacket, Colorado?

Ownwell provides professional property tax appeal services in Yellow Jacket, Colorado. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.