Breckenridge, Summit County, Colorado Property Taxes

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

Median Breckenridge, CO effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Breckenridge, CO home value: $746,900
Median annual Breckenridge, CO tax bill: $2,967, $567 higher than the national median property tax bill of $2,400.

How are property taxes in Summit County calculated?

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

Last Updated March 1, 2025

Breckenridge, Summit County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$2,988

$2,772

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

Property Tax Rates Across Breckenridge, Summit County, Colorado

Local government entities set tax rates, resulting in significant variations within a state. Each county, including Summit County, annually estimates its budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction, thus determining the property tax rate. This process, while involving votes and legislation, is essentially how property tax rates are set each year.

In Breckenridge, located in Summit County, the effective property tax rate is notably lower than both the state and national medians. With a median tax rate of 0.40%, Breckenridge stands out, especially when compared to the national median property tax rate of 1.02%. This lower rate can be particularly appealing for property owners seeking to minimize their tax burden while enjoying the benefits of living in a desirable location. Understanding these variations can help property owners make informed decisions about property investments and financial planning.

Property Tax Rates Across Breckenridge, Summit County, Colorado

Source: Ownwell

0.40%

0.42%

0.45%

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 Breckenridge Tax Rate

0.40%

Median Effective Summit County Tax Rate

0.40%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Breckenridge, Summit County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80424	0.37%	0.37%	0.40%	0.40%	0.45%

Source: Ownwell

Property Tax Assessment Values Across Breckenridge, Summit County, Colorado

When examining property taxes in Breckenridge, 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 Summit 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.

In Summit 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 Breckenridge. For example, the median home price in Breckenridge is $746,900, with tax bills ranging significantly across the county. Zip code 80424 has the highest median home price at $746,900.

Property Tax Assessment Values Across Breckenridge, Summit County, Colorado

Source: Ownwell

$459,600

$711,925

$964,250

Median Breckenridge Market Value

$746,900

Median Summit County Market Value

$629,250

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Breckenridge, Summit County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80424	$347,500	$484,800	$746,900	$1,145,300	$1,904,000

Source: Ownwell

Property Tax Bills Across Breckenridge, Summit County, Colorado

In Breckenridge, located in Summit County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and the tax rate is applied to this assessed value to determine the tax bill. With a median home price of $746,900, Breckenridge homeowners face a significant tax burden. The median tax bill in Breckenridge is $2,967, which is higher than the national median of $2,400. Factors such as property location, improvements, and market trends can influence the assessed value, affecting the final tax bill. Homeowners in Breckenridge may find themselves paying tax bills ranging from $1,951 at the 25th percentile to $7,837 at the 90th percentile. Ownwell can assist homeowners by reviewing their property assessments for inaccuracies and filing appeals to potentially lower their property tax bills. This service can lead to significant savings, ensuring homeowners are not overpaying on their taxes.

Property Tax Bills Across Breckenridge, Summit County, Colorado

Source: Ownwell

$1,825

$3,086

$4,346

Median Breckenridge Tax Bill

$2,967

Median Summit County Tax Bill

$2,627

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Breckenridge, Summit County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80424	$1,399	$1,951	$2,967	$4,585	$7,837

Source: Ownwell