Otis, Washington County, Colorado Property Taxes
Property Taxes in Otis, Colorado
Median Otis, Colorado effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Otis, Colorado home value: $117,844
Median annual Otis, Colorado tax bill: $473, $1,927 lower than the national median property tax bill of $2,400.
How are property taxes in Washington calculated?
Property taxes in Otis, 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 Otis's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Otis, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Otis, Washington County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$424
$394
How Does the Otis Property Tax Calculator Work?
Use this Otis property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Otis's median effective tax rate of 0.36% — based on actual property records in Washington 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 Otis'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 Otis: rates range from 0.36% in 80743 to 0.36% in 80743, 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 Otis.
About Otis Property Taxes
About Property Taxes in Otis, Washington, Colorado
Otis’s median effective property tax rate of 0.36% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Washington 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 Otis. Homeowners in the 80743 ZIP code carry a median effective rate of 0.36%, while those in the lowest ZIP code pay 0.36%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Washington County. Understanding which part of Otis you live in can make a meaningful difference to your annual tax bill.
Otis homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 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 Otis, Washington 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 Otis'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 Otis Tax Rate
0.36%
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 Washington County Tax Rate
0.44%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Otis, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80743 | 0.16% | 0.24% | 0.36% | 0.51% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Otis, Washington County, Colorado
When examining property taxes in Otis, 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 Washington 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 Washington 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 Otis, the median home price is $117,844, with tax bills ranging significantly across the county. ZIP code 80743 has the highest median home price at $117,844.
Property Tax Assessment Values Across Otis, Washington County, Colorado
Source: Ownwell
$51,046
$116,304
$181,561
Median Otis Market Value
$117,844
Median Washington County Market Value
$127,984
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Otis, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80743 | $14,594 | $57,890 | $117,844 | $196,662 | $281,541 |
Source: Ownwell
Property Tax Bills Across Otis, Washington County, Colorado
Property tax bills in Otis are based on the assessed value of a home, not its market price. Local tax rates are applied to that assessed value to determine the annual bill, so two homes with different assessments can owe very different amounts even within the same area. For homeowners, this means the tax bill depends on both the county’s assessment process and the property’s characteristics.
In Washington County, the median home price is $117,844, and property tax bills vary widely. The 25th percentile tax bill is $174, while the 75th percentile is $968 and the 90th percentile is $1,779. The median tax bill in the ZIP code with the highest and lowest median tax bill is $473 in 80743. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, many homeowners in Otis may see lower bills, but the amount still depends on how their home is assessed.
Median Otis Tax Bill
$473
Median Washington County Tax Bill
$643
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Otis, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80743 | $97 | $174 | $473 | $968 | $1,779 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Washington Tax Assessor | |
| Website | washingtonco-search.gsacorp.io |