Alma, Park County, Colorado Property Taxes

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

Median Alma, CO effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Alma, CO home value: $366,339
Median annual Alma, CO tax bill: $1,684, $716 lower than the national median property tax bill of $2,400.

How are property taxes in Park County calculated?

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

Last Updated March 1, 2025

Alma, Park County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.44%

Estimate Property Tax Bill

$1,612

$1,496

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

Property Tax Rates Across Alma, Park County, Colorado

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budgets to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. Although votes and laws are involved in setting these rates and budgets, this is essentially the annual procedure.

In Alma, located in Park County, Colorado, the effective property tax rate provides an interesting comparison to other cities within the state and the national median. Colorado's median property tax rate is considerably lower than the national median of 1.02%. This makes it an attractive state for property owners who are looking to minimize their tax expenses. However, it's important to note that while the tax rate is a significant factor, the overall tax bill will also depend on the assessed value of the property. By understanding these dynamics, property owners in Alma and beyond can make informed decisions about their investments.

Property Tax Rates Across Alma, Park County, Colorado

Source: Ownwell

0.37%

0.43%

0.50%

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 Alma Tax Rate

0.44%

Median Effective Park County Tax Rate

0.44%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Alma, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80420	0.44%	0.44%	0.44%	0.44%	0.56%
80421	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Alma, Park County, Colorado

When examining property taxes in Alma, Colorado, 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 Park 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 Park County, assessment notices 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 Alma. For example, the median home price in Alma is $366,339, with tax bills ranging significantly across the county. Zip code 80420 has the highest median home price at $366,613.

Property Tax Assessment Values Across Alma, Park County, Colorado

Source: Ownwell

$231,594

$399,368

$567,142

Median Alma Market Value

$366,339

Median Park County Market Value

$344,823

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Alma, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80420	$193,679	$268,185	$366,613	$460,294	$578,797
80421	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Alma, Park County, Colorado

In Alma, CO, property tax bills are determined by assessing the market value of a home and applying the relevant local tax rate. The median home price in Alma is $366,339, which serves as a basis for calculating the tax bill. Homeowners in this region see a range of tax bills, with the 25th percentile at $1,245 and the 75th percentile at $2,097. The highest median tax bill in the area is $1,684, which is notably below the national median property tax bill of $2,400. This suggests that while property values may be substantial, the tax burden remains relatively moderate compared to other regions in the U.S. However, these tax bills can still pose a significant financial burden for homeowners. Ownwell offers valuable assistance by identifying potential property tax appeals and exemptions, helping homeowners reduce their tax bills. By leveraging local expertise and a deep understanding of tax regulations, Ownwell enables homeowners to achieve potential savings, making property ownership more affordable.

Property Tax Bills Across Alma, Park County, Colorado

Source: Ownwell

$847

$1,593

$2,339

Median Alma Tax Bill

$1,684

Median Park County Tax Bill

$1,504

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Alma, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80420	$891	$1,245	$1,684	$2,097	$2,597
80421	N/A	N/A	N/A	N/A	N/A

Source: Ownwell