Glenwood Springs, Garfield County, Colorado Property Taxes

Name: Property Tax Bills Across Glenwood Springs, Garfield County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Glenwood Springs, CO effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but equal to the Colorado state median of 0.55%.
Median Glenwood Springs, CO home value: $470,455
Median annual Glenwood Springs, CO tax bill: $2,539, $139 higher than the national median property tax bill of $2,400.

How are property taxes in Garfield County calculated?

Property taxes in Glenwood Springs, CO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Glenwood Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Glenwood Springs, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Glenwood Springs, Garfield County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.55%

Estimate Property Tax Bill

$2,588

$2,401

Ownwell’s Glenwood Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glenwood Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Glenwood Springs’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Garfield County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Glenwood Springs, Garfield County, Colorado

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Glenwood Springs, located in Garfield County, CO, the effective property tax rate is 0.55%. This rate is notably below the national median property tax rate of 1.02%. When compared to other cities in Colorado, Glenwood Springs offers a more favorable property tax environment. The lower tax rate can be attractive to property owners seeking to minimize their tax burden. With the national median property tax bill at $2,400, residents of Glenwood Springs benefit from a more economical property tax scenario. This can be a significant advantage for homeowners, making it a compelling reason to consider property investment in this area.

Property Tax Rates Across Glenwood Springs, Garfield County, Colorado

Source: Ownwell

0.38%

0.49%

0.61%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Glenwood Springs Tax Rate

0.55%

Median Effective Garfield County Tax Rate

0.50%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Glenwood Springs, Garfield County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81601	0.46%	0.55%	0.55%	0.56%	0.56%
81647	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Glenwood Springs, Garfield County, Colorado

When examining property taxes in Glenwood Springs, CO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Garfield County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Garfield County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Glenwood Springs. For example, the median home price in Glenwood Springs is $470,455, with tax bills ranging significantly across the county. The 81601 zip code has the highest median home price at $471,640.

Property Tax Assessment Values Across Glenwood Springs, Garfield County, Colorado

Source: Ownwell

$192,925

$431,425

$669,925

Median Glenwood Springs Market Value

$470,455

Median Garfield County Market Value

$363,015

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Glenwood Springs, Garfield County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81601	$128,154	$326,010	$471,640	$622,400	$811,476
81647	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Glenwood Springs, Garfield County, Colorado

In Glenwood Springs, located in Garfield County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Glenwood Springs face a median property tax bill of $2,540, slightly above the national median of $2,400, reflecting the area’s higher home values. Factors such as property size, location, and improvements can influence the assessed value, impacting the total tax bill. With tax bills ranging from $1,773 at the 25th percentile to $4,563 at the 90th percentile, homeowners can experience significant variations in their annual obligations. Ownwell assists homeowners by providing expert property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and market conditions, Ownwell identifies discrepancies and files appeals, ensuring homeowners pay only what is fair. This service can lead to substantial savings, easing the financial burden on property owners.

Property Tax Bills Across Glenwood Springs, Garfield County, Colorado

Source: Ownwell

$736

$2,312

$3,888

Median Glenwood Springs Tax Bill

$2,539

Median Garfield County Tax Bill

$1,819

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Glenwood Springs, Garfield County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81601	$858	$1,778	$2,540	$3,415	$4,562
81647	N/A	N/A	N/A	N/A	N/A

Source: Ownwell