Estimating your 2025 property taxes
Beginning in 2025, as a result of HB24B-1001, residential property will have two assessment rates. One assessment rate will be used to calculate local government assessed values and the other rate will calculate school district assessed values. The projected state-wide assessment rates will not be finalized until November 2025.
Projected 2025 Assessment Rates as of January 1, 2025 (not final)
| Classification | Projected 2025 Rate |
| Residential - Local Government | 6.25% |
| Residential - Schools | 7.05% |
| Vacant Land | 27% |
| Commercial | 27% |
| Commercial Lodging | 27% |
| Industrial | 27% |
| Agricultural | 27% |
| State Assessed Renewable Energy | 27% |
Tax Rate
Late each year county commissioners, city councils, school boards, governing boards of special districts, and other taxing authorities determine the revenue needed and allowed under the law to provide services for the following year.
Each taxing authority calculates a tax rate based on the revenue needed from property tax and the total assessed value of real and personal property located within their boundaries. The tax rate is often expressed as a mill levy. Example from 2024, San Juan County:
| Revenue from Property Tax | $1,440,922 | = 0.019641 or 19.641 mills |
| Total Assessed Value | $73,362,974 |
The tax rates of the various taxing authorities, except schools, providing services in your tax area are added together to form the total local government tax rate. The following rates are from 2024 for properties within the Town of Silverton:
| San Juan County Tax Rate | 0.019641 |
| Town of Silverton Tax Rate | 0.010560 |
| SW Water Conservation District | 0.000380 |
| Total Local Government Tax Rate | 0.030581 |
Calculation of Property Tax (residential example)
| Actual Value | $500,000 |
| Local Government Assessed Rate | × 0.0625 |
| Local Government Assessed Value | $31,250 |
| Local Government Tax Rate | × 0.030581 |
| Local Government Taxes Due | $955.66 |
| Actual Value | $500,000 |
| School District Assessed Rate | × 0.0705 |
| School District Assessed Value | $35,250 |
| School District Tax Rate | × 0.017508 |
| School District Taxes Due | $617.16 |
| Local Government Taxes Due | $955.66 |
| School District Taxes Due | + $617.16 |
| Total Taxes Due | $1,572.82 |
For more detail, see: https://dpt.colorado.gov/understanding-property-taxes-in-colorado
2024 property tax calculations
Actual Value x Assessment Rate x Mills = Property Taxes
- Actual Value is set by the County Assessor and can be found on Notices of Valuation and Tax Notices
You can also find actual value online. Once you find the property, scroll to the bottom of the page for the Tax Notice
Subtract $55,000 for each parcel with a residence. Subtract $30,000 for each parcel with a commercial building.
- Assessment Rate is set by the State Legislature and State Property Tax Administrator:
- 27.9% for most non-residential property
- 6.7% for most residential property
- Mill Levies are set by local taxing entities. The sum of Mills that apply to a given property is used to calculate taxes.
Mills should be divided by 1000 to calculate taxes.- 19.641 San Juan County (all property in SJC)
- 16.508 School District #1 (all property in SJC)
- 10.560 Town of Silverton (property within Silverton)
- 08.200 Durango Fire Protection District (property in S. County)
- 00.380 SW Water Conservation District (all property in SJC)
Sum of 2024 Mill Levies for San Juan's 3 tax districts: - 47.089 Property within the Town of Silverton
- 44.729 Property in South County
- 36.529 All other property in San Juan County
Annual Abstract of Assessment
The Abstract of Assessment is produced each January for the previous year. The brochure provides the tax rates and revenues for all taxing entities in the County, and the distribution of taxes by type of taxing authority. San Juan County currently has 3 tax districts and 5 taxing entities.
2024 Abstract Brochure (pdf)
