Lake City, Hinsdale County, Colorado Property Taxes
Property Taxes in Lake City, Colorado
Median Lake City, Colorado effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Lake City, Colorado home value: $147,480
Median annual Lake City, Colorado tax bill: $678, $1,722 lower than the national median property tax bill of $2,400.
How are property taxes in Hinsdale calculated?
Property taxes in Lake 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 Lake City's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lake City, Hinsdale County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.38%
Estimate Property Tax Bill
$560
$520
How Does the Lake City Property Tax Calculator Work?
Use this Lake City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lake City's median effective tax rate of 0.38% — based on actual property records in Hinsdale 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 Lake 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 Lake City: rates range from 0.38% in 81235 to 0.38% in 81235, 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 Lake City.
About Lake City Property Taxes
About Property Taxes in Lake City, Hinsdale, CO
Lake City’s median effective property tax rate of 0.38% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Hinsdale County levy combined with local school district levies and metro districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Lake City. Homeowners in the 81235 ZIP code carry a median effective rate of 0.38%, while those in the same ZIP code also pay 0.38%. This spread reflects how school district boundaries and local assessment districts are drawn across Hinsdale County. Understanding which part of Lake City you live in can make a meaningful difference to your annual tax bill.
Lake City homeowners who believe their assessed value is too high can file a formal appeal with the 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 Lake City, Hinsdale 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 Lake 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 Lake City Tax Rate
0.38%
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 Hinsdale County Tax Rate
0.29%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake City, Hinsdale County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81235 | 0.29% | 0.29% | 0.38% | 0.38% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Lake City, Hinsdale County, Colorado
When examining property taxes in Lake 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 Hinsdale 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 Hinsdale 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. For Lake City, the median home price is $147,480, and the median tax bill is $678, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400. The highest median home price is in 81235 at $147,480.
Property Tax Assessment Values Across Lake City, Hinsdale County, Colorado
Source: Ownwell
$9,800
$78,640
$147,480
Median Lake City Market Value
$147,480
Median Hinsdale County Market Value
$40,760
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake City, Hinsdale County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81235 | $14,925 | $43,158 | $147,480 | $262,970 | $334,046 |
Source: Ownwell
Property Tax Bills Across Lake City, Hinsdale County, Colorado
Property tax bills in Lake City are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. For homeowners in Hinsdale County, the bill is calculated by applying that rate to the property’s assessed market value, so changes in home value can directly affect what is owed each year. A higher assessed value usually means a higher tax bill, while a lower assessed value can reduce it.
In Lake City, the median home price is $147,480, and the median property tax bill is $678.00. That is well below the national median property tax bill of $2,400, which can make local taxes feel more manageable for many homeowners. Still, bills can vary widely, with the 25th percentile at $314 and the 90th percentile at $1,275. These differences show how location, property characteristics, and assessed value all play a role in determining the final tax bill.
Median Lake City Tax Bill
$678
Median Hinsdale County Tax Bill
$153
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake City, Hinsdale County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81235 | $99 | $314 | $678 | $1,058 | $1,275 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Hinsdale Tax Assessor | |
| Website | tyler.hinsdalecountycolorado.us |