Crested Butte, Gunnison County, Colorado Property Taxes
Property Taxes in Crested Butte, Colorado
Median Crested Butte, Colorado effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Crested Butte, Colorado home value: $1,057,810
Median annual Crested Butte, Colorado tax bill: $4,884, $2,484 higher than the national median property tax bill of $2,400.
How are property taxes in Gunnison calculated?
Property taxes in Crested Butte, 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 Crested Butte's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Crested Butte, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Crested Butte, Gunnison County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.46%
Estimate Property Tax Bill
$4,866
$4,515
How Does the Crested Butte Property Tax Calculator Work?
Use this Crested Butte property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Crested Butte's median effective tax rate of 0.46% — based on actual property records in Gunnison 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 Crested Butte'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 Crested Butte: rates range from $3,615.00 in 81225 to $5,871.00 in 81224, 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 Crested Butte.
About Crested Butte Property Taxes
About Property Taxes in Crested Butte, Gunnison, Colorado
Crested Butte's median effective property tax rate of 0.46% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Gunnison 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 Crested Butte. Homeowners in the 81225 ZIP code carry a median effective rate of 0.49%, while those in 81224 pay 0.44%. This spread — 0.05 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Gunnison County. Understanding which part of Crested Butte you live in can make a meaningful difference to your annual tax bill.
Crested Butte 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 Crested Butte, Gunnison 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 Crested Butte'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 Crested Butte Tax Rate
0.46%
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 Crested Butte, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81224 | 0.39% | 0.40% | 0.44% | 0.46% | 0.49% |
| 81225 | 0.39% | 0.47% | 0.49% | 0.50% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Crested Butte, Gunnison County, Colorado
When examining property taxes in Crested Butte, 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.
Assessment notices:
In Gunnison 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. 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 Crested Butte.
For example, the median home price in Crested Butte is $1,057,810, with tax bills ranging significantly across the county. 81224 has the highest median home price at $1,328,530.
Property Tax Assessment Values Across Crested Butte, Gunnison County, Colorado
Source: Ownwell
$353,470
$841,000
$1,328,530
Median Crested Butte Market Value
$1,057,810
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 Crested Butte, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81224 | $390,738 | $754,170 | $1,328,530 | $2,094,650 | $3,202,916 |
| 81225 | $75,370 | $293,750 | $743,760 | $1,330,670 | $2,235,574 |
Source: Ownwell
Property Tax Bills Across Crested Butte, Gunnison County, Colorado
Property tax bills in Crested Butte are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the property tax rate to the assessed value, which means a higher-valued home generally leads to a larger bill. In a place with a median home price of $1,057,810, even small changes in assessment can have a meaningful impact on what homeowners owe.
Several factors can influence the final tax bill, including the home’s assessed value, the tax rates set by local governments, and any exemptions or special district levies that apply. In Gunnison County, property tax bills can vary widely: the 25th percentile is $2,578, while the 75th percentile is $8,462 and the 90th percentile reaches $13,751. That spread shows how different property characteristics and locations can affect taxes.
For homeowners, this means property taxes can be a significant ongoing expense, especially when compared with the national median property tax bill of $2,400.
Median Crested Butte Tax Bill
$4,884
Median Gunnison County Tax Bill
$2,166
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Crested Butte, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81224 | $1,821 | $3,458 | $5,871 | $9,442 | $14,745 |
| 81225 | $832 | $1,786 | $3,615 | $6,740 | $11,662 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Gunnison Tax Assessor | |
| Website | property.spatialest.com |