Gypsum, Garfield County, Colorado Property Taxes
Median Gypsum, Colorado effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Gypsum, Colorado home value: $483,300
Median annual Gypsum, Colorado tax bill: $1,912, $488 lower than the national median property tax bill of $2,400.
How are property taxes in Garfield County calculated?
Property taxes in Gypsum, Colorado 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 Gypsum’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gypsum, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gypsum, Garfield County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.35%
Estimate Property Tax Bill
$2,212
$2,052
Property Tax Rates Across Gypsum, Garfield County, Colorado
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Gypsum’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. Gypsum, located in Garfield County, benefits from a notably lower property tax rate than many other areas. The median property tax rate in Colorado is significantly below the national median of 1.02%, offering property owners in Gypsum a more favorable tax environment. This lower rate can be an attractive feature for potential homeowners and investors looking to capitalize on lower property taxes while enjoying the benefits of property ownership. Understanding these differences can empower property owners to make informed decisions about their investments and potential savings in property taxes.
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 Gypsum Tax Rate
0.35%
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 Garfield County Tax Rate
0.50%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gypsum, Garfield County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81637 | 0.30% | 0.35% | 0.35% | 0.35% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Gypsum, Garfield County, Colorado
When examining property taxes in Gypsum, 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 Garfield County assessor 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 Garfield 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 Gypsum.
For example, the median home price in Gypsum is $483,300, with tax bills ranging significantly across the county. Zip code 81637 has the highest median home price at $506,100.
Property Tax Assessment Values Across Gypsum, Garfield County, Colorado
Source: Ownwell
$221,025
$609,855
$998,685
Median Gypsum Market Value
$631,945
Median Garfield County Market Value
$460,960
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gypsum, Garfield County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81637 | $211,659 | $316,990 | $631,945 | $1,131,798 | $1,443,716 |
Source: Ownwell
Property Tax Bills Across Gypsum, Garfield County, Colorado
In Gypsum, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the home's location, size, and improvements can influence its assessed value. In Gypsum, the median property tax bill is $1,912, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as little as $1,096 and others up to $4,442, depending on the property's assessed value and exemptions.
For homeowners, high property tax bills can be a financial burden, affecting monthly budgets and long-term financial planning. Ownwell offers a solution by providing property tax appeal and exemption services, potentially lowering tax bills. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners ensure they are not overpaying on their property taxes, offering peace of mind and potential savings.
Median Gypsum Tax Bill
$1,875
Median Garfield County Tax Bill
$2,436
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Gypsum, Garfield County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81637 | $662 | $1,061 | $1,875 | $3,995 | $5,080 |
Source: Ownwell