Rate Breakdown

Property taxes in Montrose County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Montrose County

Property tax in Montrose County is determined by the county assessor, who establishes a taxable value based on a yearly assessment of all real estate. The assessed value is then multiplied by the cumulative millage rates—tax rates expressed in mills (thousandths) set by the county, school district, and municipal authorities. The current total millage rate for Montrose County typically falls between 28 and 34 mills, but it can vary each year as local districts vote on budget appropriations. The assessed value is generally 100 % of the market value for residential properties, while commercial and industrial properties can be assessed at a different percentage based on special valuation tests.

Available Exemptions

Montrose County offers several property tax exemptions that can reduce the taxable value of qualifying homes. Claiming these exemptions is generally simple but requires documentation to demonstrate eligibility. The main exemptions are:

• Homestead Exemption – Provides a fixed dollar reduction (currently $3,000) on the assessed value of primary residences.
• Senior Citizen Exemption – Available to homeowners 55 + who meet income limitations; the exemption reduces the assessed value by a set amount that can increase with age.
• Disability Exemption – For homeowners disabled to the extent that a qualified examiner has certified; exemptions vary by type and severity of disability.
• Veteran Exemption – Grants a $2,000 reduction for homes owned by disabled veterans; a separate $2,000 exemption can apply for non‑disabled veterans who owned the residence at least half of the time in the previous four years.

Additional local exemptions or special assessments can apply, so it is advisable to review the county bulletin or consult a tax professional before filing.

Payment Schedule & Deadlines

Montrose County issues a single tax bill, typically one of two portions, with deadlines that allow for flexible payment plans. The standard schedule is as follows:

• First Installment – Due on the second Friday in March. Payment can be made online, by mail, or at county tax office.
• Second Installment – Due on the second Friday in August. This payment is optional; if the entire balance is paid in the first installment, the second will be shown as paid.
• Interest and Late Fees – Any unpaid balance accruing after the March deadline incurs a 12% annual interest rate, compounded monthly. Late penalties can further increase the total due.
• Installment Options – The county offers a semi‑annual payment plan or a full payment discount of 2% if the tax is paid in cash within 30 days of the March deadline.

Missing either deadline triggers a tiered penalty system, culminating in enforcement actions such as liens or foreclosure if the debt remains unpaid after one year.

Appealing Your Assessment

Homeowners who believe their assessed value is too high may file an appeal with the Montrose County Property Assessor’s Office. The process consists of the following steps:

• Receipt of Notice – The county sends a formal assessment notice; it also includes a brief appeal summary and submission instructions.
• Submission Deadline – Appeals must be filed within 25 days of the notice’s date, either online through the county website or by mailing a signed form.
• Evidence & Hearing – Applicants can attach market studies, comparative sales data, or professional appraisals. A hearing before the Assessment Commission may be scheduled if requested.
• Decision & Reassessment – The commission reviews the evidence, renders a decision, and if an adjustment is granted, informs the taxpayer of a revised assessment by the next tax cycle.

Timely and documented appeals are most effective, so consider gathering comparable property data early and consult with a tax advisor for guidance.