Pitkin, Gunnison County, Colorado Property Taxes
Median Pitkin, CO effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Pitkin, CO home value: $179,865
Median annual Pitkin, CO tax bill: $781, $1,619 lower than the national median property tax bill of $2,400.
How are property taxes in Gunnison calculated?
Property taxes in Pitkin, 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 Pitkin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pitkin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pitkin, Gunnison County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.31%
Estimate Property Tax Bill
$1,096
$1,017
Property Tax Rates Across Pitkin, Gunnison County, Colorado
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 Pitkin’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. Pitkin, located in Gunnison County, has a median property tax rate of 0.42%, which is significantly lower than the national median of 1.02%. This means that homeowners in Pitkin enjoy one of the lowest property tax burdens in the country. This favorable tax rate can contribute to a lower cost of living and potentially make the area more attractive to new residents and investors. However, it’s essential to consider that lower property taxes might also reflect on the level of public services available in the area.
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 Pitkin Tax Rate
0.31%
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 Pitkin, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81241 | 0.20% | 0.27% | 0.31% | 0.34% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Pitkin, Gunnison County, Colorado
When examining property taxes in Pitkin, 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 Pitkin. For example, the median home price in Pitkin is $179,865, with tax bills ranging significantly across the county. 81241 has the highest median home price at $179,865.
Property Tax Assessment Values Across Pitkin, Gunnison County, Colorado
Source: Ownwell
$353,470
$841,000
$1,328,530
Median Pitkin Market Value
$353,470
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 Pitkin, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81241 | $122,260 | $217,200 | $353,470 | $503,610 | $680,700 |
Source: Ownwell
Property Tax Bills Across Pitkin, Gunnison County, Colorado
In Pitkin, Gunnison, Colorado, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate, or mill levy, is then applied to this assessed value. Homeowners in Pitkin face a median tax bill significantly lower than the national median of $2,400, with the 75th percentile tax bill at $1,149. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. For homeowners, these taxes represent a critical annual expense that can impact their financial planning.
Ownwell offers a valuable service by helping homeowners appeal their property tax assessments, potentially reducing their tax bills. By analyzing market data and property specifics, Ownwell identifies opportunities for savings and handles the appeal process on behalf of the homeowner. This service can lead to significant financial relief, ensuring that homeowners in Pitkin pay only their fair share of property taxes.
Median Pitkin Tax Bill
$1,143
Median Gunnison County Tax Bill
$2,166
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Pitkin, Gunnison County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81241 | $275 | $620 | $1,143 | $1,754 | $2,417 |
Source: Ownwell