Morgan County, Colorado property tax
The median homeowner in Morgan County, Colorado pays $1,574 a year in property tax on a home worth $299,300, an effective rate of 0.53%. The national effective rate is 0.98%.
What the rate means here
At 0.53%, Morgan County taxes property more lightly than the national 0.98%. That puts the median bill at $1,574. Rates this low usually mean the state, rather than the county, carries more of the school funding.
It ranks #6 of 52 Colorado counties by effective rate, against a statewide 0.49%, and #2,328 nationally. The state runs from 0.62% in Broomfield County down to 0.23% in Gilpin County.
The median home costs 3.97 times the median household income of $75,407, close to the national 3.86. With 29,186 residents, the sample behind these medians is small, and the survey's own margins of error are correspondingly wider.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Morgan County | Colorado | United States | |
|---|---|---|---|
| Effective property tax | 0.53% | 0.49% | 0.98% |
| Median tax bill | $1,574 | $2,448 | $2,969 |
| Median home value | $299,300 | $502,200 | $303,400 |
| Median gross rent | $1,092 | $1,693 | $1,348 |
| Median household income | $75,407 | $92,470 | $78,538 |
| Home price to income | 3.97× | 5.43× | 3.86× |
| Rent as share of income | 17.38% | 21.97% | 20.6% |
| Owner-occupied | 65.1% | 66.32% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 29,186.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Summit County | 0.31% | $2,641 | $850,700 |
| Elbert County | 0.45% | $2,981 | $664,600 |
| Delta County | 0.31% | $986 | $318,000 |
| Montezuma County | 0.30% | $915 | $308,100 |
| Routt County | 0.33% | $2,490 | $756,200 |
Morgan County property tax: common questions
What is the property tax rate in Morgan County, Colorado?
The effective rate is 0.53% of home value, from a median tax bill of $1,574 against a median home value of $299,300. That is 0.45 points below the national 0.98%.
How much is property tax on a $400,000 home in Morgan County?
Roughly $2,120 a year at the county effective rate of 0.53%.
Is Morgan County expensive compared with the rest of Colorado?
It ranks #6 of 52 Colorado counties by effective property tax rate, and #2328 of 2,826 nationally. That is 0.04 points above the Colorado average of 0.49%.
What does housing cost in Morgan County?
The median home is worth $299,300 and median gross rent is $1,092 a month. Median household income is $75,407, which puts the home at 3.97 times annual income and rent at 17.38% of it.