Cheraw, Otero County, Colorado Property Taxes
Property Taxes in Cheraw, Colorado
Median Cheraw, Colorado effective property tax rate: 0.34%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Cheraw, Colorado home value: $69,969
Median annual Cheraw, Colorado tax bill: $145, $2,255 lower than the national median property tax bill of $2,400.
How are property taxes in Otero calculated?
Property taxes in Cheraw, 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 Cheraw's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cheraw, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cheraw, Otero County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.34%
Estimate Property Tax Bill
$238
$221
How Does the Cheraw Property Tax Calculator Work?
Use this Cheraw property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cheraw's median effective tax rate of 0.34% — based on actual property records in Otero 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 Cheraw'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 Cheraw: rates range from 0.34% in 81030 to 0.34% in 81030, 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 Cheraw.
About Cheraw Property Taxes
About Property Taxes in Cheraw, Otero, Colorado
Cheraw’s median effective property tax rate of 0.34% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Otero County levy and local taxing districts that determine how property taxes are assessed on homes in the area.
Property tax rates are not uniform across Cheraw, but the available ZIP code data shows a median effective rate of 0.34% in 81030. That means homeowners in the city are seeing the same median rate across the ZIP code data provided, even though assessed values and local levies can still affect the final bill.
Cheraw homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 8, 2026 deadline each year.
If your estimated bill 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 Cheraw, Otero 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 Cheraw'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 Cheraw Tax Rate
0.34%
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 Otero County Tax Rate
0.26%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cheraw, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81030 | 0.13% | 0.20% | 0.34% | 0.51% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Cheraw, Otero County, Colorado
When examining property taxes in Cheraw, 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 Otero 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 Otero 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. For example, the median home price in Cheraw is $69,969, with tax bills ranging significantly across the county. ZIP code 81030 has the highest median home price at $69,969.
Property Tax Assessment Values Across Cheraw, Otero County, Colorado
Source: Ownwell
$67,905
$98,338
$128,770
Median Cheraw Market Value
$69,969
Median Otero County Market Value
$88,348
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cheraw, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81030 | $2,075 | $28,540 | $69,969 | $143,930 | $204,279 |
Source: Ownwell
Property Tax Bills Across Cheraw, Otero County, Colorado
Property tax bills in Cheraw are based on the assessed value of a home, which is then multiplied by the local tax rate. That means two homes with similar market values can still have different tax bills if their assessed values or tax rates differ. Local taxing authorities use this system to help fund public services, so the amount a homeowner owes is tied to both the property’s value and the rules set by the area.
For homeowners in Cheraw, the median home price is $69,969, and the median tax bill is $145.00 in ZIP code 81030. Tax bills can vary widely, with the 25th percentile at $76 and the 75th percentile at $492, while the 90th percentile reaches $1,547. This means property taxes can have a very different impact depending on the home’s assessed value and where it sits within the local market.
Median Cheraw Tax Bill
$145
Median Otero County Tax Bill
$177
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Cheraw, Otero County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81030 | $13 | $76 | $145 | $492 | $1,547 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Otero Tax Assessor | |
| Website | oteroco-search.gsacorp.io |