Ridgway, Ouray County, Colorado Property Taxes

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

Median Ridgway, CO effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Ridgway, CO home value: $847,320
Median annual Ridgway, CO tax bill: $3,517, $1,117 higher than the national median property tax bill of $2,400.

How are property taxes in Ouray County calculated?

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

Last Updated March 1, 2025

Ridgway, Ouray 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

$3,008

$2,791

Ownwell’s Ridgway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ridgway with just two data points. By entering your property's estimated assessed value, our calculator applies Ridgway’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 Ouray County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ridgway, Ouray County, Colorado

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget required to provide services and divides it by the total value of all taxable property in its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

You can compare Ridgway's effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. Ridgway, located in Ouray County, reflects a local property tax rate that is notably lower than the national median of 1.02%. This difference can be attributed to local budgeting needs and the total property value within the county. The effective tax rate in Ridgway is consistent across the region, indicating a stable tax environment. Comparing these rates provides insight into how property taxes in Ridgway stack up against state and national figures, offering potential savings for property owners in this area.

Property Tax Rates Across Ridgway, Ouray County, Colorado

Source: Ownwell

0.32%

0.37%

0.42%

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 Ridgway Tax Rate

0.37%

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 Ridgway, Ouray County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81432	0.34%	0.35%	0.37%	0.43%	0.43%

Source: Ownwell

Property Tax Assessment Values Across Ridgway, Ouray County, Colorado

When examining property taxes in Ridgway, 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.

In Ouray 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 Ridgway.

For example, the median home price in Ridgway is $847,320, with tax bills ranging significantly across the county. Zip code 81432 has the highest median home price at $847,320.

Property Tax Assessment Values Across Ridgway, Ouray County, Colorado

Source: Ownwell

$529,670

$671,305

$812,940

Median Ridgway Market Value

$812,940

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 Ridgway, Ouray County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81432	$331,428	$551,490	$812,940	$1,141,980	$1,583,594

Source: Ownwell

Property Tax Bills Across Ridgway, Ouray County, Colorado

In Ridgway, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the assessed value include the market value of the home and any improvements made. Homeowners in Ridgway face a median property tax bill of $3,517, significantly higher than the national median of $2,400. Tax bills can vary widely, with those in the 25th percentile paying around $2,325, while those in the 90th percentile face bills as high as $6,434. This can place a substantial financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell can assist homeowners by providing expert property tax appeal services, potentially lowering their assessed value and, consequently, their tax bill. By leveraging local market knowledge and a deep understanding of tax regulations, Ownwell can help homeowners achieve meaningful savings.

Property Tax Bills Across Ridgway, Ouray County, Colorado

Source: Ownwell

$1,746

$2,426

$3,106

Median Ridgway Tax Bill

$3,106

Median Ouray County Tax Bill

$2,607

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Ridgway, Ouray County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81432	$1,309	$2,051	$3,106	$4,331	$5,877

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 8

Links
Ouray Tax Assessor
Website	ouraycountyco-assessor.tylerhost.net