Gunnison County, Colorado Property Taxes
The median property tax rate in Gunnison County is 0.46%, which is significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Gunnison County at $413,850, the typical annual property tax bill reaches $1,892, well below the national median of $2,690. Property taxes in Gunnison County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Gunnison 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 Gunnison or another part of Gunnison County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gunnison County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$1,904
$1,767
Ownwell’s Gunnison County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Gunnison County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Gunnison 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's 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 Gunnison County, Colorado
Property taxes in Gunnison County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Gunnison County is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Gunnison County set these rates annually, and they can vary significantly between different areas within the county. Each year, Gunnison 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 Gunnison County's effective property tax rate with other counties in Colorado and the national median. For comparison, the city of Crested Butte has one of the higher property tax rates in Colorado at 0.61%, while the city of Paonia boasts one of the lowest at 0.40%. Analyzing how Gunnison County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Gunnison County Tax Rate
0.46%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gunnison County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Almont | 0.41% | 0.42% | 0.42% | 0.42% | 0.42% |
| Carbondale | 0.40% | 0.45% | 0.45% | 0.49% | 0.49% |
| Cimarron | 0.36% | 0.40% | 0.41% | 0.41% | 0.41% |
| Crested Butte | 0.49% | 0.54% | 0.61% | 0.61% | 0.62% |
| Gunnison | 0.37% | 0.42% | 0.42% | 0.42% | 0.43% |
| Marble | 0.40% | 0.45% | 0.45% | 0.49% | 0.51% |
| Ohio City | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
| Paonia | N/A | N/A | N/A | N/A | N/A |
| Parlin | 0.42% | 0.42% | 0.42% | 0.52% | 0.76% |
| Pitkin | 0.42% | 0.42% | 0.42% | 0.46% | 0.46% |
| Powderhorn | 0.41% | 0.41% | 0.41% | 0.43% | 0.50% |
| Sargents | N/A | N/A | N/A | N/A | N/A |
| Somerset | 0.38% | 0.39% | 0.40% | 0.41% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Gunnison County, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gunnison County, CO. 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 Gunnison 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 Gunnison 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. For instance, Crested Butte has the highest median tax bill at $3,672, while Pitkin has the lowest at $781. Being aware of these valuation processes in Gunnison County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Gunnison County, Colorado
Source: Ownwell
$179,865
$471,293
$762,720
Average Gunnison County Assessed Value
$413,850
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gunnison County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Almont | $105,976 | $188,212 | $367,775 | $691,078 | $1,232,097 |
| Carbondale | $135,915 | $282,675 | $422,120 | $584,790 | $801,229 |
| Cimarron | $170,670 | $224,670 | $276,820 | $350,832 | $500,575 |
| Crested Butte | $130,704 | $330,085 | $635,620 | $1,110,240 | $1,740,464 |
| Gunnison | $139,216 | $253,230 | $379,300 | $502,318 | $647,086 |
| Marble | $87,245 | $123,708 | $304,420 | $486,230 | $858,140 |
| Ohio City | $60,624 | $140,258 | $285,305 | $338,822 | $452,994 |
| Paonia | N/A | N/A | N/A | N/A | N/A |
| Parlin | $65,574 | $190,580 | $335,190 | $527,980 | $646,620 |
| Pitkin | $65,717 | $113,895 | $179,865 | $259,718 | $325,181 |
| Powderhorn | $119,743 | $184,402 | $272,895 | $376,735 | $603,982 |
| Sargents | N/A | N/A | N/A | N/A | N/A |
| Somerset | $52,245 | $83,152 | $212,705 | $407,518 | $781,018 |
Source: Ownwell
Property Tax Bills Across Gunnison County, Colorado
In Gunnison County, CO, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The median home price in this county is $413,850. The tax rate is applied to the assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Gunnison County experience a range of tax bills. The 25th percentile tax bill is $1,080, while the 75th percentile reaches $3,781, and the 90th percentile climbs to $7,216. For context, Crested Butte has the highest median tax bill at $3,672, whereas Pitkin has the lowest at $781. These property taxes fund local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding how these bills are calculated helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Gunnison County Tax Bill
$1,892
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Gunnison County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Almont | $467 | $805 | $1,567 | $2,986 | $5,265 |
| Carbondale | $683 | $1,255 | $1,910 | $2,738 | $3,818 |
| Cimarron | $720 | $917 | $1,094 | $1,381 | $1,901 |
| Crested Butte | $866 | $1,945 | $3,672 | $6,395 | $10,489 |
| Gunnison | $632 | $1,059 | $1,554 | $2,083 | $2,813 |
| Marble | $452 | $720 | $1,288 | $2,178 | $3,845 |
| Ohio City | $252 | $584 | $1,182 | $1,419 | $2,022 |
| Paonia | N/A | N/A | N/A | N/A | N/A |
| Parlin | $273 | $928 | $1,486 | $2,592 | $3,184 |
| Pitkin | $299 | $487 | $781 | $1,149 | $1,478 |
| Powderhorn | $532 | $783 | $1,149 | $1,641 | $2,721 |
| Sargents | N/A | N/A | N/A | N/A | N/A |
| Somerset | $211 | $334 | $936 | $1,765 | $3,344 |
Source: Ownwell