Gunnison, Gunnison County, Colorado Property Taxes
Median Gunnison, CO effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Gunnison, CO home value: $379,300
Median annual Gunnison, CO tax bill: $1,554, $846 lower than the national median property tax bill of $2,400.
How are property taxes in Gunnison calculated?
Property taxes in Gunnison, 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 Gunnison’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gunnison, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gunnison, Gunnison County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.42%
Estimate Property Tax Bill
$1,593
$1,478
Property Tax Rates Across Gunnison, Gunnison County, Colorado
Local government entities determine property tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. The result of this calculation is the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this is essentially the annual process.
In Gunnison, CO, the effective property tax rate is distinctly lower than both the state and national averages. This presents a considerable advantage for property owners, as the national median property tax rate is 1.02%. For those considering property investments or residency in Gunnison, the lower tax rate can lead to substantial savings over time. This financial benefit, combined with the community's charm, makes Gunnison an attractive prospect. Comparing Gunnison’s tax rate to the national median highlights its affordability, offering a compelling reason for potential homeowners to consider this location.
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 Gunnison Tax Rate
0.42%
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 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 Gunnison, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81230 | 0.37% | 0.42% | 0.42% | 0.42% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Gunnison, Gunnison County, Colorado
When examining property taxes in Gunnison, 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 are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Gunnison.
For example, the median home price in Gunnison is $379,300, with tax bills ranging significantly across the county. Zip code 81230 has the highest median home price at $379,300.
Property Tax Assessment Values Across Gunnison, Gunnison County, Colorado
Source: Ownwell
$179,865
$471,293
$762,720
Median Gunnison Market Value
$379,300
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 Gunnison, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81230 | $139,216 | $253,230 | $379,300 | $502,318 | $647,086 |
Source: Ownwell
Property Tax Bills Across Gunnison, Gunnison County, Colorado
Median Gunnison Tax Bill
$1,554
Median Gunnison County Tax Bill
$1,892
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Gunnison, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81230 | $632 | $1,059 | $1,554 | $2,083 | $2,813 |
Source: Ownwell