Montrose, Ouray County, Colorado Property Taxes
Property Taxes in Montrose, Colorado
Median Montrose, Colorado effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Montrose, Colorado home value: $546,850
Median annual Montrose, Colorado tax bill: $1,746, $654 lower than the national median property tax bill of $2,400.
How are property taxes in Ouray calculated?
Property taxes in Montrose, 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 Montrose's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montrose, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Montrose, Ouray County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.32%
Estimate Property Tax Bill
$1,750
$1,624
How Does the Montrose Property Tax Calculator Work?
Use this Montrose property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Montrose's median effective tax rate of 0.32% — based on actual property records in Ouray 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 Montrose'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 Montrose: rates range from 1746.00 in 81403 to 1746.00 in 81403, 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 Montrose.
About Montrose Property Taxes
About Property Taxes in Montrose, Ouray, Colorado
Montrose’s median effective property tax rate of 0.32% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Ouray 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 Montrose. Homeowners in the 81403 ZIP code carry a median effective rate of 0.32%, while those in the same ZIP also reflect the city’s local tax structure. This rate variation is shaped by how school district boundaries and local assessment districts are drawn across Ouray County. Understanding which part of Montrose you live in can make a meaningful difference to your annual tax bill.
Montrose 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 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 Montrose, Ouray 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 Montrose'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 Montrose Tax Rate
0.32%
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 Ouray County Tax Rate
0.37%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montrose, Ouray County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81403 | 0.28% | 0.32% | 0.32% | 0.35% | 0.38% |
| 81401 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Montrose, Ouray County, Colorado
When examining property taxes in Montrose, 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 Ouray 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 Ouray 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. The median home price in Montrose is $546,850, while the median tax bill is $1,746, below the national median property tax bill of $2,400. Tax bills range across the county, with the highest median home price in 81403 at $544,520.
Property Tax Assessment Values Across Montrose, Ouray County, Colorado
Source: Ownwell
$529,670
$671,305
$812,940
Median Montrose Market Value
$546,850
Median Ouray County Market Value
$687,590
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montrose, Ouray County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81403 | $98,708 | $306,370 | $544,520 | $851,110 | $1,252,160 |
| 81401 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Montrose, Ouray County, Colorado
Property tax bills in Montrose are calculated from the assessed value of a home and the local tax rate set by taxing authorities in Ouray County. The assessed value is based on the market value of the property, and that figure is then multiplied by the applicable mill levy to determine the tax bill. For homeowners, this means a higher market value can lead to a higher bill, even if the home has not changed much physically.
In Montrose, the median home price is $546,850, and property tax bills vary widely. The 25th percentile tax bill is $917, while the 75th percentile reaches $2,922. At the 90th percentile, bills climb to $4,219. The median tax bill in the area is $1,746, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
Median Montrose Tax Bill
$1,746
Median Ouray County Tax Bill
$2,607
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Montrose, Ouray County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81403 | $339 | $913 | $1,746 | $2,912 | $4,219 |
| 81401 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Ouray Tax Assessor | |
| Website | ouraycountyco-assessor.tylerhost.net |