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1. When do you mail the tax notices?

Tax notices are mailed the middle of January for the prior year taxes.

2. When are taxes due?

There are two options to pay taxes. A single payment of taxes is due in full by April 30. If you choose to make two payments, the first half payment is due by February 28 and the second half payment is due by June 15.

3. Can I pay my taxes with a credit card or debit card?

Yes, Montrose County provides a tax paying service to accept payments by credit card or debit card. You may connect online to Certified Payments and follow the instructions. Certified Payments charges a fee of 2.35%. You must know your account number and the correct amount due of taxes when making a payment through this service.

AFTER SEPT. 1ST, CREDIT CARDS OR E-CHECK PAYMENTS ARE NOT ACCEPTED FOR DELINQUENT TAX PAYMENTS

4. Will you send my mortgage company a copy of my tax bill?

No, Colorado State Statutes requires us to mail tax notices to the property owners.

5. How are property taxes calculated?

The actual value is multiplied by the assessment rate which is then multiplied by the mill levy. Example: Actual value is $100,000 x 7.96% (residential assessment rate) x 63.603 = $506.28 taxes due.

6. How is the value determined on my property?

Values are most often determined by comparing your property with the properties that are similar in location, design, size, age, and amenities. The Notice of Value you received in 2009 was based on sales that occurred between January 1, 2007 through June 30, 2008. This method is known as the Sales Comparison Approach.

7. How often is property re-valued?

Colorado law requires all assessors to reappraise all real property, including land and improvements, every two years, during odd-numbered years.

8. What is the difference between ‘Actual’ value and ‘Assessed’ value?

The Assessor determines the “actual” (market) value for all real and personal property. Then a percentage (assessment rate) is multiplied by the actual value to come up with the assessed value. In Colorado the residential assessment rate is 7.96% and for all other properties including vacant land and agricultural land, the assessment rate is 29%.

9. Who sets the tax rate or mill levy?

Each individual taxing authority such as school, county, fire, water, sanitation, library, and recreation districts. These authorities provide services to you and are listed on your tax notice.

10. How do I qualify for the Senior Exemption?

Taxpayers who are at least 65 years old on January 1, who have been the owner of record on their property for at least ten years prior to January 1, and who have occupied the property as their primary residence for at least ten consecutive years prior to January 1 may qualify for the Senior Exemption. The application is available in the ASSESSOR’S OFFICE, deadline is July 15th. Once you have applied and been approved, you do not need to reapply each year.

11. When are the Foreclosure Sales?

Wednesdays at 10 a.m.

12. Where are the Foreclosure Sales?

320 South First Street, Room 106, Montrose CO 81401