Yellow Jacket, Montezuma County, Colorado Property Taxes

Name: Property Tax Bills Across Yellow Jacket, Montezuma County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Yellow Jacket, CO effective property tax rate: 0.33%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%. Median Yellow Jacket, CO home value: $160,626. Median annual Yellow Jacket, CO tax bill: $603, $1,797 lower than the national median property tax bill of $2,400.

How are property taxes in Montezuma calculated?

Property taxes in Yellow Jacket, 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 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 March 1, 2025

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

Ownwell’s Yellow Jacket Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Yellow Jacket with just two data points.

By entering your property's estimated assessed value, our calculator applies Yellow Jacket’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Montezuma County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Yellow Jacket, Montezuma County, Colorado

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws influence the setting of tax rates and budgets, this is the fundamental annual process.

In Yellow Jacket, located in Montezuma County, the effective property tax rate is 0.33%, which is considerably lower than the national median of 1.02%. This makes Yellow Jacket an attractive area for property owners looking to reduce their tax burden. Additionally, the median property tax bill in Yellow Jacket is likely to be significantly less than the national median of $2,400, providing further financial relief to homeowners. Comparing Yellow Jacket's property tax rate to other cities in Colorado and the U.S. highlights its advantageous position for potential property buyers. With such a low tax rate, Yellow Jacket offers a favorable environment for those seeking to maximize their investment and minimize expenses.

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, CO, 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 the spring 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. 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 Yellow Jacket. For example, the median home price in Yellow Jacket is $160,626, with tax bills ranging significantly across the county. 81335 has the highest median home price at $160,626.

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

In Yellow Jacket, located in Montezuma County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in this area is $160,626. Homeowners in Yellow Jacket can expect property tax bills that vary significantly, with 25th percentile bills around $274 and 75th percentile bills reaching $1,027. The highest median tax bill in the region is $603, aligning with the lowest, indicating a relatively narrow range of tax bills compared to the national median property tax bill of $2,400. Factors such as changes in property value, local tax rates, and exemptions influence the final tax bill. High property taxes can be a burden for homeowners, impacting their overall financial health. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax burden. By reviewing assessments and identifying discrepancies, Ownwell helps ensure homeowners pay only their fair share, offering significant savings and peace of mind.

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