Cimarron, Gunnison County, Colorado Property Taxes
Median Cimarron, CO effective property tax rate: 0.41%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%. Median Cimarron, CO home value: $276,820. Median annual Cimarron, CO tax bill: $1,094, $1,306 lower than the national median property tax bill of $2,400.
How are property taxes in Gunnison County calculated? Property taxes in Cimarron, 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 Cimarron’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cimarron, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cimarron, Gunnison County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.3%
Estimate Property Tax Bill
$1,443
$1,339
Property Tax Rates Across Cimarron, Gunnison County, Colorado
Local government entities are responsible for setting tax rates, which can significantly differ across a state. Each county estimates its required budget annually to provide essential services and then divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Cimarron, located in Gunnison County, Colorado, the effective property tax rate is 0.41%. This rate is notably lower than the national median property tax rate of 1.02%. As you explore property tax rates across Colorado, Cimarron's rate stands out as both the highest and lowest median tax rate within its zip code of 81220. This reflects the uniformity of tax rates in this area, providing a unique perspective compared to the varied rates seen in other regions. Understanding how Cimarron's property tax rate compares to both state and national figures can help property owners make informed decisions about their investments.
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 Cimarron Tax Rate
0.30%
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 Gunnison County Tax Rate
0.34%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cimarron, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81220 | 0.28% | 0.29% | 0.30% | 0.31% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Cimarron, Gunnison County, Colorado
When examining property taxes in Cimarron, 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 Gunnison 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.
In Gunnison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Cimarron. For example, the median home price in Cimarron is $276,820, with tax bills ranging significantly across the county. Zip code 81220 has the highest median home price at $276,820.
Property Tax Assessment Values Across Cimarron, Gunnison County, Colorado
Source: Ownwell
$353,470
$841,000
$1,328,530
Median Cimarron Market Value
$481,120
Median Gunnison County Market Value
$610,040
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cimarron, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81220 | $292,056 | $371,940 | $481,120 | $612,030 | $797,002 |
Source: Ownwell
Property Tax Bills Across Cimarron, Gunnison County, Colorado
Median Cimarron Tax Bill
$1,449
Median Gunnison County Tax Bill
$2,166
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Cimarron, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81220 | $823 | $1,082 | $1,449 | $1,892 | $2,507 |
Source: Ownwell