Pitkin County, Colorado Property Taxes

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

Median Pitkin County effective property tax rate: 0.26%, significantly lower than the national median of 1.02%.
Median Pitkin County home value: $1,237,200
Median annual Pitkin County tax bill: $4,527, $2,127 higher than the national median property tax bill of $2,400.

How are property taxes in Pitkin County calculated?

Property taxes in Pitkin County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Aspen or another part of Pitkin County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Pitkin County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.26%

Estimate Property Tax Bill

$3,217

$2,985

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

Property Tax Rates Across Pitkin County, Colorado

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget required to provide essential services and divides this amount by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. Although the process involves votes and laws to establish tax rates and budgets, this is essentially how it works each year.

Below, you can compare Pitkin County's effective property tax rate to other counties in Colorado or the U.S. median property tax rate. Pitkin County boasts a notably low median property tax rate of 0.26%, significantly below the national median property tax rate of 1.02%. Within Pitkin County, the highest median tax rate is found in Basalt at 0.65%, while Carbondale has the lowest at 0.53%. This stark contrast highlights the diversity in tax rates even within a single county. Understanding these differences can help property owners make informed decisions about where to live or invest in real estate.

Property Tax Rates Across Pitkin County, Colorado

Source: Ownwell

0.22%

0.43%

0.65%

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 Pitkin County Tax Rate

0.26%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pitkin County, Colorado

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Aspen	0.22%	0.25%	0.25%	0.25%	0.35%
Basalt	0.57%	0.57%	0.65%	0.65%	0.75%
Carbondale	0.46%	0.53%	0.53%	0.70%	0.70%
Meredith	0.57%	0.57%	0.57%	0.57%	0.57%
Snowmass	0.43%	0.57%	0.57%	0.58%	0.81%
Snowmass Village	0.35%	0.35%	0.35%	0.35%	0.74%
Woody Creek	0.21%	0.22%	0.22%	0.41%	0.72%
Redstone	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Pitkin County, Colorado

When examining property taxes in Pitkin County, 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 Pitkin County Assessor's Office 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 Pitkin 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 Pitkin County. For example, the median tax bill in Pitkin County is $5,578, with tax bills ranging significantly across the county. Woody Creek has the highest median home price at $2,372,300.

Property Tax Assessment Values Across Pitkin County, Colorado

Source: Ownwell

$254,900

$3,919,500

$7,584,100

Median Pitkin County Market Value

$1,237,200

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pitkin County, Colorado

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Aspen	$220,200	$644,100	$2,056,400	$5,514,100	$10,700,000
Basalt	$270,000	$417,400	$662,900	$984,100	$3,011,400
Carbondale	$271,240	$412,400	$558,700	$767,900	$1,103,380
Meredith	$70,140	$120,100	$254,900	$497,900	$652,120
Snowmass	$62,400	$340,600	$831,500	$2,215,900	$3,956,520
Snowmass Village	$277,360	$481,750	$878,000	$2,194,900	$4,276,560
Woody Creek	$250,040	$455,550	$2,372,300	$4,926,700	$7,494,900
Redstone	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Pitkin County, Colorado

In Pitkin County, CO, property tax bills are calculated based on the assessed value of a home, which reflects a percentage of its market value. The local tax rate, or mill levy, is then applied to this assessed value to determine the tax bill. Factors such as property location, improvements, and market trends influence the assessed value, impacting the overall tax bill. For instance, the median home price in Pitkin County is significantly higher than the national average, contributing to higher tax bills. The median property tax bill in Pitkin County is $5,578, with amounts varying widely across different areas. Aspen, for example, has the highest median tax bill at $5,578, whereas Meredith has the lowest at $1,484. For homeowners, this means that those in areas with higher property values or more desirable locations may face larger tax bills. Compared to the national median property tax bill of $2,400, Pitkin County's tax obligations are notably higher, reflecting the region's premium real estate market.

Property Tax Bills Across Pitkin County, Colorado

Source: Ownwell

$1,484

$9,213

$16,942

Median Pitkin County Tax Bill

$4,527

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Pitkin County, Colorado

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Aspen	$558	$1,803	$5,578	$14,502	$28,382
Basalt	$1,750	$2,619	$4,157	$6,822	$20,449
Carbondale	$1,525	$2,237	$3,182	$4,445	$7,263
Meredith	$399	$774	$1,484	$2,778	$3,816
Snowmass	$431	$1,718	$5,007	$12,209	$22,129
Snowmass Village	$1,017	$1,820	$3,496	$8,421	$16,704
Woody Creek	$997	$2,534	$5,287	$10,810	$16,452
Redstone	N/A	N/A	N/A	N/A	N/A

Source: Ownwell