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Updated 2025 Tax Year

Ouray County
Property Tax Guide

Everything you need to know about property taxes in Ouray County, CO. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
Approximately 7.05% of assessed value (varies by special districts within county)
1st Due
Feb 28
2nd Due
Jun 15
Exemptions
3+ Available
Section 1

How Property Tax Works

Ouray County, Colorado operates on a property tax system that funds essential local services including schools, fire protection, library services, and county operations. Property taxes are the primary revenue source for these services, with the total tax rate for 2025 being approximately 7.05% of assessed value for most residential properties. However, this rate can vary significantly depending on your specific location within the county due to special taxing districts such as fire districts, library districts, and metropolitan districts that may apply additional levies.

The Colorado property tax system assesses residential properties at 6.765% of actual market value, meaning your tax bill is calculated on a fraction of your home's full market value. Property owners in Ouray County should be aware that their actual tax rate depends on which special districts serve their property, as each district adds its own mill levy to fund specific services. The county reassesses all properties every two years, with the next countywide reappraisal scheduled according to the state's assessment cycle.

Section 2

What Makes Up Your Tax Bill

ComponentRate (Mills)Description
County GeneralVariableCounty operations, roads, administration
School DistrictVariableLocal school district operations and bonds
Fire DistrictVariableFire protection and emergency services
Library DistrictVariableLibrary system operations
Special DistrictsVariableWater, sewer, parks, or other local services
Total Rate~70.5 millsEquivalent to 7.05% of assessed value

Note: These rates apply to the 2025 levy year and are approximate. Actual rates vary by location within Ouray County based on which special taxing districts serve your property. One mill equals $1 per $1,000 of assessed value. Contact the Ouray County Assessor's office for your property's specific tax rate based on its location and applicable districts.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Ouray County, property taxes are due in two installments:

First Installment
Feb 28
Delinquent after Dec 10
Second Installment
Jun 15
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Ouray County are additional property tax bills issued when there are significant changes to a property after the January 1 assessment date. The most common triggers include new construction, major improvements, changes in ownership that affect exemption eligibility, or corrections to property records. When supplemental taxes are issued, they represent the difference between what was originally billed and what should have been billed based on the updated property information.

For example, if you complete a home addition worth $100,000 after January 1, the county will issue a supplemental tax bill for the portion of the year the improvement was in place. The calculation would take the additional assessed value ($100,000 × 6.765% = $6,765) and multiply it by your property's total mill levy rate, then prorate it for the remaining months in the tax year. Supplemental tax bills are typically issued within 60-90 days of the triggering event and have separate due dates from your regular property tax payments.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (6.765%): $20,295
  • Less: Senior Exemption (if applicable): -$0 to -$200,000*
  • Net Taxable Value: $20,295
  • Annual Tax (7.05%): $1,431
  • Monthly Escrow: $119

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (6.765%): $40,590
  • Less: Disabled Veteran Exemption (if applicable): -$0 to -$200,000*
  • Net Taxable Value: $40,590
  • Annual Tax (7.05%): $2,862
  • Monthly Escrow: $239

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (6.765%): $67,650
  • Less: Available Credits (if applicable): Variable*
  • Net Taxable Value: $67,650
  • Annual Tax (7.05%): $4,769
  • Monthly Escrow: $397

All exemptions and credits require application and approval. Contact the Ouray County Assessor for specific eligibility requirements and application deadlines.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Ouray County require property tax escrow accounts, where you pay 1/12 of your annual property tax bill with each monthly mortgage payment. Lenders collect these funds and pay your property taxes directly to the county when due. Your lender will typically analyze your escrow account annually and may adjust your monthly payment based on changes in your tax bill or escrow balance.

Property tax payments in Ouray County are due in two installments: the first half by February 28 and the second half by June 15, or you can pay the full amount by April 30. Lenders usually make the first half payment in February and the second half payment in June to avoid any late fees. You should receive a copy of your tax bill and payment confirmations from your lender. If you don't have an escrow account, you're responsible for making payments directly to the Ouray County Treasurer by the due dates, and payments postmarked by the U.S. Postal Service on the due date are considered timely.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due for the current tax year? A: For 2025 taxes, the first half payment is due February 28, 2025, the second half is due June 15, 2025, or you can pay the full amount by April 30, 2025. Payments postmarked by these dates are considered timely.

Q: What property tax credits are available and do I need to apply? A: Ouray County offers several credits including the Senior Property Tax Exemption and Disabled Veterans Property Tax Exemption. All credits require application and are not automatic. The Senior exemption has specific application deadlines, and the Disabled Veterans exemption requires annual qualification verification.

Q: How does the Senior Property Tax Exemption work? A: The Senior exemption can reduce the actual value of qualifying properties by 50% of the first $200,000 of value for seniors meeting income and residency requirements. This is an exemption that reduces assessed value, not a credit. You must apply annually and meet specific deadlines.

Q: When does the county reassess properties and can I appeal? A: Colorado law requires property reappraisal every two years. If you disagree with your assessed value, you can protest to the County Board of Equalization or the State Board of Equalization within specific time frames after receiving your Notice of Valuation.

Q: What happens if I pay my property taxes late? A: Late payments incur delinquent interest charges. Interest accrues from the due date until paid in full. Properties with delinquent taxes may eventually be subject to tax lien sale or treasurer's deed proceedings.

Q: Can I pay my property taxes online? A: Contact the Ouray County Treasurer's office directly for current online payment options and accepted payment methods, as these services may vary and change over time.

Q: How do special district taxes affect my bill? A: Your property may be located in special districts for fire protection, library services, water, or other services. Each district adds its own mill levy to your tax bill. Your specific rate depends on which districts serve your property location.

Q: What if I'm a disabled veteran - what exemptions apply? A: Disabled veterans may qualify for property tax exemptions based on their disability rating. Both the veteran and surviving spouses may be eligible. You must apply using the Disabled Veteran Property Tax Exemption Form, and the property must be your primary residence as of January 1.

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