Central City, Gilpin County, Colorado Property Taxes
Property Taxes in Central City, Colorado
Median Central City, Colorado effective property tax rate: 0.19%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Central City, Colorado home value: $322,325
Median annual Central City, Colorado tax bill: $631, lower than the national median property tax bill of $2,400.
How are property taxes in Gilpin calculated?
Property taxes in Central City, 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 Central City's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Central City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Central City, Gilpin County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.19%
Estimate Property Tax Bill
$612
$568
How Does the Central City Property Tax Calculator Work?
Use this Central City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Central City's median effective tax rate of 0.19% — based on actual property records in Gilpin 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 Central City'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 Central City: rates range from 0.19% in 80427 to 0.19% in 80427, 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 Central City.
About Central City Property Taxes
About Property Taxes in Central City, Gilpin, Colorado
Central City's median effective property tax rate of 0.19% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Gilpin 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 Central City. Homeowners in the 80427 ZIP code carry a median effective rate of 0.19%, while those in the lowest ZIP pay 0.19%. This spread reflects how school district boundaries and local assessment districts are drawn across Gilpin County. Understanding which part of Central City you live in can make a meaningful difference to your annual tax bill.
Central City homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 8, 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 Central City, Gilpin 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 Central City’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.
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 Central City Tax Rate
0.19%
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 Gilpin County Tax Rate
0.37%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Central City, Gilpin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80427 | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% |
Source: Ownwell
Property Tax Assessment Values Across Central City, Gilpin County, Colorado
When examining property taxes in Central City, 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 Gilpin 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.
Assessment notices:
In Gilpin 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 Central City, the median home price is $322,325, with tax bills ranging from $399 at the 25th percentile to $1,234 at the 90th percentile. The median tax bill is $631, compared with the national median property tax bill of $2,400 and national median property tax rate of 1.02%.
Property Tax Assessment Values Across Central City, Gilpin County, Colorado
Source: Ownwell
$322,325
$459,343
$596,360
Median Central City Market Value
$322,325
Median Gilpin County Market Value
$435,490
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Central City, Gilpin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80427 | $54,847 | $202,575 | $322,325 | $395,742 | $627,888 |
Source: Ownwell
Property Tax Bills Across Central City, Gilpin County, Colorado
Property tax bills in Central City are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessed value, and the final bill can vary depending on where the property is located within Gilpin County. For homeowners, this means two similar homes can receive different tax bills if their assessed values or taxing jurisdictions differ.
In Central City, the median home price is $322,325, and property tax bills are relatively modest compared with the national median property tax bill of $2,400. The 25th percentile tax bill is $399, while the 75th percentile is $806, showing that many homeowners fall within a fairly narrow range. The 90th percentile reaches $1,234, which is still below the national median. In ZIP code 80427, the median tax bill is $631. These bills affect homeowners by adding an ongoing housing cost that can change when assessments or local tax rates change.
Median Central City Tax Bill
$631
Median Gilpin County Tax Bill
$1,205
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Central City, Gilpin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80427 | $108 | $399 | $631 | $806 | $1,234 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Gilpin Tax Assessor | |
| Website | gilpincountyco-tsrweb.tylerhost.net |