San Miguel County, Colorado property tax
The median homeowner in San Miguel County, Colorado pays $1,599 a year in property tax on a home worth $613,100, an effective rate of 0.26%. The national effective rate is 0.98%.
What the rate means here
At 0.26%, San Miguel County taxes property more lightly than the national 0.98%. Rate and bill part company here. The percentage is below national, the house is worth $613,100, and the bill lands at $1,599 anyway.
Inside Colorado it is among the lightest, ranking #50 of 52, against a statewide 0.49%. Broomfield County, in the same state, charges 0.62%. Comparing states on property tax hides differences like that, which is why this site publishes counties.
The median home costs 7.65 times the median household income of $80,117, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 17.57% of median income in gross rent. This is a small rural county of 8,026 people. Five-year survey estimates for places this size carry wide margins of error, so treat the figures as approximate.
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
| San Miguel County | Colorado | United States | |
|---|---|---|---|
| Effective property tax | 0.26% | 0.49% | 0.98% |
| Median tax bill | $1,599 | $2,448 | $2,969 |
| Median home value | $613,100 | $502,200 | $303,400 |
| Median gross rent | $1,173 | $1,693 | $1,348 |
| Median household income | $80,117 | $92,470 | $78,538 |
| Home price to income | 7.65× | 5.43× | 3.86× |
| Rent as share of income | 17.57% | 21.97% | 20.6% |
| Owner-occupied | 65.21% | 66.32% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 8,026.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Conejos County | 0.40% | $655 | $162,100 |
| Lake County | 0.38% | $1,544 | $401,300 |
| Kit Carson County | 0.52% | $1,141 | $221,400 |
| Huerfano County | 0.28% | $707 | $256,700 |
| Clear Creek County | 0.38% | $2,160 | $572,800 |
San Miguel County property tax: common questions
What is the property tax rate in San Miguel County, Colorado?
The effective rate is 0.26% of home value, from a median tax bill of $1,599 against a median home value of $613,100. That is 0.72 points below the national 0.98%.
How much is property tax on a $400,000 home in San Miguel County?
Roughly $1,040 a year at the county effective rate of 0.26%.
Is San Miguel County expensive compared with the rest of Colorado?
It ranks #50 of 52 Colorado counties by effective property tax rate, and #2806 of 2,826 nationally. That is 0.23 points below the Colorado average of 0.49%.
What does housing cost in San Miguel County?
The median home is worth $613,100 and median gross rent is $1,173 a month. Median household income is $80,117, which puts the home at 7.65 times annual income and rent at 17.57% of it.