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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Cheyenne County, Colorado

Cheyenne County has an effective property tax rate of 0.47%. On the median home value of $187,500, that's roughly $887 per year. Median household income is $70,865.

Effective Property Tax Rate1
0.47%
median tax $887 ÷ median home $187,500
Median Home Value1
$187,500
owner-occupied
Median Household Income1
$70,865
per-capita $42,194
Est. Annual Tax on Median Home1
$887
at 0.47% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricCheyenne CountyColorado (state context)
Effective property tax rate10.47%0.39%
Median home value1$187,500—
State income tax3top rate 4.40%top rate 4.40%
State sales tax37.89% combined7.89% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Cheyenne County, CO

Cheyenne Wells, the county seat, anchors a part of eastern Colorado where buying a home costs far less than the national picture suggests. The median home value here sits at $187,500, and the median annual property tax bill comes to just $887. That reflects an effective rate of 0.473%, which runs higher than Colorado's statewide median of 0.386% and ranks 15th among the state's 64 counties. Even so, against the national median rate of 0.794%, the tax load stays well below what many buyers elsewhere pay. Households earning a median of $70,865, with per-capita income at $42,194, can weigh that $887 bill against everyday costs. For anyone drawn to Arapahoe, Cheyenne Wells, or Kit Carson, the combination of low home prices and a below-average national tax rate keeps the overall cost of owning within reach.

Frequently asked questions

What is the property tax rate in Cheyenne County, CO?
The effective rate is 0.47% — meaning the median tax bill equals about 0.47% of the median home value.
How much are property taxes on a median home?
On the median home ($187,500), the estimated annual bill is about $887.
Is Cheyenne County's rate high or low?
Compare it to the state median of 0.39% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Cheyenne County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Cheyenne County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.