Parachute, Garfield County, Colorado Property Taxes

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Property Taxes in Parachute, Colorado

Median Parachute, Colorado effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Parachute, Colorado home value: $219,520
Median annual Parachute, Colorado tax bill: $968, lower than the national median property tax bill of $2,400.

How are property taxes in Garfield calculated?

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

Last Updated April 13, 2026

Parachute, Garfield County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.37%

Estimate Property Tax Bill

$812

$754

How Does the Parachute Property Tax Calculator Work?

Use this Parachute property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Parachute's median effective tax rate of 0.37% — based on actual property records in Garfield County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Parachute's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Parachute: rates range from 0.37% in 81635 to 0.37% in 81635, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Parachute.

About Parachute Property Taxes

About Property Taxes in Parachute, Garfield, Colorado

Parachute’s median effective property tax rate of 0.37% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Garfield County base levy combined with local school district levies and metro districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Parachute. Homeowners in the 81635 ZIP code carry a median effective rate of 0.37%, while those in the same ZIP code pay 0.37%. This spread reflects how school district boundaries and local assessment districts are drawn across Garfield County. Understanding which part of Parachute you live in can make a meaningful difference to your annual tax bill.

Parachute homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Parachute, Garfield County, Colorado

As noted earlier, 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 Parachute's effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.

Property Tax Rates Across Parachute, Garfield County, Colorado

Source: Ownwell

0.35%

0.44%

0.54%

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 Parachute Tax Rate

0.37%

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 Parachute, Garfield County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81635	0.32%	0.37%	0.37%	0.37%	0.46%
81601	N/A	N/A	N/A	N/A	N/A
81630	N/A	N/A	N/A	N/A	N/A
81650	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Parachute, Garfield County, Colorado

When examining property taxes in Parachute, 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.

Assessment notices:

In Garfield County, assessment notices are sent in May 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. For Parachute homeowners, the median home price is $219,520, and the median tax bill is $968, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400. The highest median home price in the area is $221,025 in 81635.

Property Tax Assessment Values Across Parachute, Garfield County, Colorado

Source: Ownwell

$221,025

$609,855

$998,685

Median Parachute Market Value

$219,520

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 Parachute, Garfield County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81635	$14,930	$27,110	$221,025	$329,920	$467,285
81601	N/A	N/A	N/A	N/A	N/A
81630	N/A	N/A	N/A	N/A	N/A
81650	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Parachute, Garfield County, Colorado

Property tax bills in Parachute are calculated from a home’s assessed value and the local tax rate set by taxing authorities. The assessed value is based on the market value of the property, and that figure is then multiplied by the applicable rate to determine the bill. For homeowners, this means taxes can change when property values rise or when local budgets shift.

The median home price in Parachute is $219,520, and the median property tax bill is $971, which is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Tax bills vary across the area, with the 25th percentile at $665 and the 75th percentile at $1,383. The 90th percentile reaches $1,842, showing how differences in assessed value and local levies can affect what homeowners pay each year.

Property Tax Bills Across Parachute, Garfield County, Colorado

Source: Ownwell

$936

$2,918

$4,899

Median Parachute Tax Bill

$968

Median Garfield County Tax Bill

$2,436

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Parachute, Garfield County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81635	$56	$675	$971	$1,384	$1,839
81601	N/A	N/A	N/A	N/A	N/A
81630	N/A	N/A	N/A	N/A	N/A
81650	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 1

Links
Garfield Tax Assessor
Website	qpublic.schneidercorp.com

Frequently Asked Property Tax Questions in Parachute, Colorado

How are property taxes calculated in Parachute, Colorado?

Property taxes in Parachute, Colorado are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Parachute, Colorado?

To appeal your property taxes in Parachute, Colorado, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Parachute, Colorado?

Common property tax exemptions in Parachute, Colorado include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Parachute, Colorado?

Property tax deadlines in Parachute, Colorado vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Parachute, Colorado?

Ownwell provides professional property tax appeal services in Parachute, Colorado. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.