Crested Butte, Gunnison County, Colorado Property Taxes

Name: Property Tax Bills Across Crested Butte, Gunnison County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Crested Butte, CO effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Crested Butte, CO home value: $635,620
Median annual Crested Butte, CO tax bill: $3,672, $1,272 higher than the national median property tax bill of $2,400.

How are property taxes in Gunnison calculated?

Property taxes in Crested Butte, 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 Crested Butte’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Crested Butte, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Crested Butte, Gunnison County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.61%

Estimate Property Tax Bill

$3,877

$3,598

Ownwell’s Crested Butte Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Crested Butte with just two data points. By entering your property's estimated assessed value, our calculator applies Crested Butte’s 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 Gunnison County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Crested Butte, Gunnison County, Colorado

Local government entities are responsible for setting property tax rates, which can significantly differ within a state. Each year, counties determine their budgets for essential services and divide these costs by the total value of taxable property in their jurisdiction. This calculation results in the property tax rate. While the process involves various votes and legislation, this is the basic annual procedure.

In Crested Butte, located in Gunnison County, the effective property tax rate is a reflection of this process. The median property tax rate in Colorado is 0.61%, which is notably lower than the national median rate of 1.02%. Within Gunnison County, Crested Butte’s tax rate stands out, with the highest median tax rate at 0.61% in the 81225 zip code and the lowest at 0.54% in the 81224 zip code. This comparison highlights the variability in property tax rates even within a single county. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Crested Butte, Gunnison County, Colorado

Source: Ownwell

0.40%

0.50%

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 Crested Butte Tax Rate

0.61%

Median Effective Gunnison County Tax Rate

0.46%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Crested Butte, Gunnison County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81224	0.47%	0.53%	0.54%	0.61%	1.20%
81225	0.61%	0.61%	0.61%	0.61%	0.61%

Source: Ownwell

Property Tax Assessment Values Across Crested Butte, Gunnison County, Colorado

When examining property taxes in Crested Butte, 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 Gunnison 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. Assessment notices: In Gunnison 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 Crested Butte. For example, the median home price in Crested Butte is $635,620, with tax bills ranging significantly across the county. Zip code 81224 has the highest median home price at $762,720.

Property Tax Assessment Values Across Crested Butte, Gunnison County, Colorado

Source: Ownwell

$179,865

$471,293

$762,720

Median Crested Butte Market Value

$635,620

Median Gunnison County Market Value

$413,850

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Crested Butte, Gunnison County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81224	$101,960	$360,020	$762,720	$1,248,725	$1,921,906
81225	$139,838	$291,945	$467,090	$795,460	$1,243,552

Source: Ownwell

Property Tax Bills Across Crested Butte, Gunnison County, Colorado

In Crested Butte, located in Gunnison County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. The property tax rate is then applied to this assessed value to determine the tax bill. Factors such as property location, size, and improvements can influence the assessed value, ultimately affecting the tax bill. Homeowners in Crested Butte face a median property tax bill of $4,175 in zip code 81224, which is significantly higher than the national median of $2,400. This can place a considerable financial burden on homeowners. However, Ownwell can assist by providing property tax appeal and exemption services, potentially reducing these tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners challenge overvaluations and secure savings, easing the financial load of property taxes.

Property Tax Bills Across Crested Butte, Gunnison County, Colorado

Source: Ownwell

$781

$2,478

$4,175

Median Crested Butte Tax Bill

$3,672

Median Gunnison County Tax Bill

$1,892

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Crested Butte, Gunnison County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81224	$814	$2,061	$4,175	$7,041	$11,303
81225	$878	$1,834	$2,870	$4,914	$7,810

Source: Ownwell