Park County, Colorado Property Taxes
The median property tax rate in Park County is 0.44%, 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 Park County at $344,823, the typical annual property tax bill amounts to $1,504, well below the national median of $2,690. Property taxes in Park County are calculated based on the tax assessed value, which typically falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Park 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 Fairplay or another part of Park County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Park County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$1,517
$1,408
Ownwell’s Park County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Park County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Park 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 Park County, Colorado
Property taxes in Park County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Park County is 0.44%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Park County set these rates annually, and they can vary significantly between different areas within the county. Each year, Park 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. For comparison, the city of Como has one of the higher property tax rates in the area at 0.45%, while the city of Hartsel boasts one of the lowest at 0.40%. Analyzing how Park County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Park County Tax Rate
0.44%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Park County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alma | 0.44% | 0.44% | 0.44% | 0.44% | 0.56% |
| Bailey | 0.35% | 0.44% | 0.44% | 0.44% | 0.52% |
| Como | 0.45% | 0.45% | 0.45% | 0.50% | 0.50% |
| Fairplay | 0.44% | 0.44% | 0.44% | 0.44% | 0.53% |
| Florissant | 0.29% | 0.37% | 0.37% | 0.37% | 0.37% |
| Grant | 0.38% | 0.44% | 0.44% | 0.44% | 0.44% |
| Guffey | 0.30% | 0.37% | 0.37% | 0.37% | 0.39% |
| Hartsel | 0.34% | 0.40% | 0.40% | 0.41% | 0.41% |
| Jefferson | 0.45% | 0.45% | 0.45% | 0.50% | 0.50% |
| Lake George | 0.37% | 0.37% | 0.37% | 0.37% | 0.41% |
| Pine | 0.35% | 0.42% | 0.42% | 0.42% | 0.43% |
| Shawnee | 0.41% | 0.44% | 0.44% | 0.44% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Park County, Colorado
In Park 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 Park 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 Park 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. The city with the highest median tax bill is Pine at $2,339, while Florissant has the lowest at $847. Being aware of these valuation processes in Park County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Park County Assessed Value
$344,823
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Park County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alma | $193,730 | $268,297 | $366,339 | $460,228 | $578,698 |
| Bailey | $209,951 | $302,438 | $386,478 | $468,746 | $578,265 |
| Como | $108,063 | $194,022 | $273,316 | $341,939 | $393,353 |
| Fairplay | $164,228 | $267,818 | $363,930 | $459,898 | $565,664 |
| Florissant | $135,280 | $180,526 | $238,347 | $325,508 | $444,745 |
| Grant | $205,669 | $285,221 | $438,257 | $576,445 | $761,350 |
| Guffey | $160,842 | $227,800 | $314,053 | $430,498 | $555,667 |
| Hartsel | $136,033 | $215,190 | $296,222 | $380,256 | $467,658 |
| Jefferson | $162,203 | $222,015 | $291,118 | $358,646 | $431,976 |
| Lake George | $152,870 | $200,274 | $264,240 | $359,907 | $476,240 |
| Pine | $329,841 | $442,088 | $567,142 | $691,566 | $833,228 |
| Shawnee | $196,639 | $285,466 | $359,210 | $459,848 | $708,690 |
Source: Ownwell
Property Tax Bills Across Park County, Colorado
In Park County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county's median home price is $344,823. Property taxes are determined by multiplying the assessed value by the local tax rate. Several factors influence the tax bill, including the property's location, market conditions, and any applicable exemptions. For homeowners in Park County, the tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,047, while the 75th percentile reaches $1,948, and the 90th percentile is $2,460. These variations can impact household budgets, with higher tax bills potentially straining finances. Compared to the national median property tax rate of 0.99%, Park County offers a range of tax bills, with the highest median tax bill in Pine at $2,339 and the lowest in Florissant at $847. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Park County Tax Bill
$1,504
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Park County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alma | $891 | $1,245 | $1,684 | $2,097 | $2,596 |
| Bailey | $903 | $1,312 | $1,700 | $2,082 | $2,521 |
| Como | $485 | $883 | $1,273 | $1,623 | $1,899 |
| Fairplay | $730 | $1,239 | $1,637 | $2,056 | $2,540 |
| Florissant | $487 | $629 | $847 | $1,156 | $1,566 |
| Grant | $893 | $1,223 | $1,824 | $2,464 | $3,317 |
| Guffey | $538 | $821 | $1,159 | $1,571 | $2,075 |
| Hartsel | $514 | $827 | $1,152 | $1,511 | $1,878 |
| Jefferson | $721 | $1,008 | $1,341 | $1,708 | $2,082 |
| Lake George | $516 | $724 | $977 | $1,343 | $1,808 |
| Pine | $1,340 | $1,766 | $2,339 | $2,855 | $3,478 |
| Shawnee | $855 | $1,218 | $1,570 | $1,975 | $3,118 |
Source: Ownwell