Grand Lake, Grand County, Colorado Property Taxes
Property Taxes in Grand Lake, Colorado
Median Grand Lake, Colorado effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Grand Lake, Colorado home value: $636,340
Median annual Grand Lake, Colorado tax bill: $2,413, $13 higher than the national median property tax bill of $2,400.
How are property taxes in Grand County calculated?
Property taxes in Grand Lake, 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 Grand Lake's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grand Lake, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Grand Lake, Grand County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$2,291
$2,126
How Does the Grand Lake Property Tax Calculator Work?
Use this Grand Lake property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Grand Lake's median effective tax rate of 0.36% — based on actual property records in Grand 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 Grand Lake'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 Grand Lake: rates range from 2413.00 in 80447 to 2413.00 in 80447, 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 Grand Lake.
About Grand Lake Property Taxes
About Property Taxes in Grand Lake, Grand, Colorado
Grand Lake's median effective property tax rate of 0.36% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Grand 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 Grand Lake. Homeowners in the 80447 ZIP code carry a median effective rate of 0.36%, while those in the lowest ZIP also pay 0.36%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Grand County. Understanding which part of Grand Lake you live in can make a meaningful difference to your annual tax bill.
Grand Lake 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 Grand Lake, Grand 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 Grand Lake'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 Grand Lake Tax Rate
0.36%
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 Grand County Tax Rate
0.41%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grand Lake, Grand County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80447 | 0.36% | 0.36% | 0.36% | 0.43% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Grand Lake, Grand County, Colorado
When examining property taxes in Grand Lake, 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 Grand 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 Grand 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 Grand Lake.
For example, the median home price in Grand Lake is $636,340, with tax bills ranging significantly across the county. 80447 has the highest median home price at $636,340.
Property Tax Assessment Values Across Grand Lake, Grand County, Colorado
Source: Ownwell
$383,450
$671,725
$960,000
Median Grand Lake Market Value
$636,340
Median Grand County Market Value
$646,810
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grand Lake, Grand County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80447 | $220,166 | $388,325 | $636,340 | $968,235 | $1,624,526 |
Source: Ownwell
Property Tax Bills Across Grand Lake, Grand County, Colorado
Property tax bills in Grand Lake are based on the assessed value of a home, not the market price alone. Local tax rates are applied to that assessed value to determine the final bill, so two homes with similar market values can still owe different amounts if their assessments or exemptions differ.
For homeowners, the size of the tax bill depends on factors such as the home’s assessed value, the local mill levy, and any eligible exemptions or special district charges. With a median home price of $636,340, property taxes can be a meaningful part of ownership costs.
In Grand County, the median property tax bill is $2,413, which is close to the national median bill of $2,400 and slightly above it. Bills can vary widely, with the 25th percentile at $1,516 and the 75th percentile at $3,730, showing how much location and assessment can affect what homeowners pay.
Median Grand Lake Tax Bill
$2,413
Median Grand County Tax Bill
$2,705
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Grand Lake, Grand County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80447 | $880 | $1,516 | $2,413 | $3,730 | $6,273 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Grand Tax Assessor | |
| Website | www.co.grand.co.us |