Garfield County Property Taxes
The median property tax rate in Garfield County is 0.50%, which is notably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Garfield County at $363,015, the typical annual property tax bill amounts to $1,819, significantly less than the national median of $2,690. Property taxes in Garfield County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Garfield County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Glenwood Springs or another part of Garfield County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garfield County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,815
$1,684
Ownwell’s Garfield County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Garfield County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Garfield County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Garfield County, Colorado
Property taxes in Garfield County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Garfield County is 0.50%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Garfield County set these rates annually, and they can vary significantly between different areas within the county. Each year, Garfield County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Garfield County's effective property tax rate with other counties in Colorado and the national median. For comparison, the city of Carbondale has one of the higher property tax rates in Colorado at 0.61%, while the city of De Beque boasts one of the lowest at 0.42%. Analyzing how Garfield County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Garfield County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garfield County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carbondale | 0.53% | 0.56% | 0.61% | 0.61% | 0.61% |
| De Beque | 0.27% | 0.30% | 0.42% | 0.57% | 0.77% |
| Glenwood Springs | 0.46% | 0.55% | 0.55% | 0.56% | 0.56% |
| Gypsum | 0.32% | 0.39% | 0.39% | 0.39% | 0.56% |
| New Castle | 0.38% | 0.38% | 0.46% | 0.46% | 0.46% |
| Parachute | 0.26% | 0.37% | 0.38% | 0.38% | 0.47% |
| Rifle | 0.46% | 0.46% | 0.50% | 0.50% | 0.50% |
| Silt | 0.40% | 0.46% | 0.52% | 0.52% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Garfield County, Colorado
In Garfield County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Garfield County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Garfield County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Garfield County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Carbondale has the highest median tax bill at $3,880, while De Beque has the lowest at $736.
Property Tax Assessment Values Across Garfield County, Colorado
Source: Ownwell
$9,340
$339,633
$669,925
Average Garfield County Assessed Value
$363,015
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garfield County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carbondale | $317,910 | $460,002 | $669,525 | $973,172 | $1,395,495 |
| De Beque | $42,638 | $102,275 | $162,475 | $274,128 | $392,622 |
| Glenwood Springs | $125,988 | $324,710 | $470,455 | $621,390 | $811,464 |
| Gypsum | $154,946 | $294,682 | $483,300 | $645,182 | $892,754 |
| New Castle | $54,252 | $218,205 | $340,785 | $435,685 | $546,555 |
| Parachute | $6,782 | $18,760 | $192,330 | $276,530 | $382,644 |
| Rifle | $64,531 | $190,375 | $284,295 | $351,872 | $447,179 |
| Silt | $142,758 | $250,665 | $325,580 | $425,985 | $535,680 |
Source: Ownwell
Property Tax Bills Across Garfield County, Colorado
In Garfield County, CO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment rate to it. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the property tax bill, including the home's market value, local government budgets, and specific tax levies for services such as schools and infrastructure. For example, the median home price in Garfield County is $363,015, leading to varied tax bills. Homeowners in the 25th percentile pay around $1,125, while those in the 75th percentile face bills of approximately $2,931. At the higher end, the 90th percentile sees tax bills reaching $4,681. These property taxes significantly impact homeowners, as they contribute to essential community services but also add to the overall cost of homeownership. Comparatively, Garfield County's tax rates can be seen as moderate, with the highest median tax bill in Carbondale at $3,880 and the lowest in De Beque at $736.
Average Garfield County Tax Bill
$1,819
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Garfield County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carbondale | $1,948 | $2,726 | $3,880 | $5,726 | $8,366 |
| De Beque | $197 | $439 | $736 | $1,262 | $1,780 |
| Glenwood Springs | $858 | $1,773 | $2,539 | $3,414 | $4,563 |
| Gypsum | $649 | $1,096 | $1,912 | $2,804 | $4,442 |
| New Castle | $279 | $1,092 | $1,617 | $1,990 | $2,417 |
| Parachute | $45 | $301 | $774 | $1,119 | $1,471 |
| Rifle | $374 | $932 | $1,380 | $1,719 | $2,176 |
| Silt | $733 | $1,257 | $1,651 | $2,182 | $2,758 |
Source: Ownwell