Bailey, Park County, Colorado Property Taxes
Property Taxes in Bailey, Colorado
Median Bailey, 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 Bailey, Colorado home value: $555,036
Median annual Bailey, Colorado tax bill: $1,984, $416 lower than the national median property tax bill of $2,400.
How are property taxes in Park calculated?
Property taxes in Bailey, 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 Bailey's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bailey, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Bailey, Park County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$1,998
$1,854
How Does the Bailey Property Tax Calculator Work?
Use this Bailey property tax calculator to estimate your annual property tax bill. Enter your property’s assessed value and our calculator applies Bailey’s median effective tax rate of 0.36% — based on actual property records in Park 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 Bailey’s median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Bailey’s median property tax bill is $1,984, which is lower than the Colorado median tax bill by $416 and below the national median property tax bill of $2,400. Bailey’s rate is also lower than the Colorado median tax rate of 0.50% and the national median property tax rate of 1.02%.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Bailey.
About Bailey Property Taxes
About Property Taxes in Bailey, Park, Colorado
Bailey’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 Park 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 Bailey. Homeowners in the 80421 ZIP code carry a median effective rate of 0.36%, while those in the same ZIP code 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 Park County. Understanding which part of Bailey you live in can make a meaningful difference to your annual tax bill.
Bailey 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 Bailey, Park 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 Bailey'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 Bailey 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 Park County Tax Rate
0.35%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bailey, Park County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80421 | 0.28% | 0.34% | 0.36% | 0.37% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Bailey, Park County, Colorado
When examining property taxes in Bailey, 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 Park 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 Park 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 Bailey.
For example, the median home price in Bailey is $555,036, with tax bills ranging significantly across the county. 80421 has the highest median home price at $555,036.
Property Tax Assessment Values Across Bailey, Park County, Colorado
Source: Ownwell
$367,702
$593,499
$819,296
Median Bailey Market Value
$555,036
Median Park County Market Value
$536,611
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bailey, Park County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80421 | $274,931 | $423,524 | $555,036 | $667,037 | $827,128 |
Source: Ownwell
Property Tax Bills Across Bailey, Park County, Colorado
Property tax bills in Bailey are based on the assessed value of a home and the local tax rate set by taxing authorities in Park County. When a property is valued, that assessment is used to calculate the amount owed, so homes with higher assessed values generally face larger tax bills. The median home price in Bailey is $555,036, which helps explain why property taxes can vary widely from one homeowner to another.
For many homeowners, the tax bill reflects both the market value of the property and the specific rates applied by local governments, schools, and other taxing districts. In Bailey, the median property tax bill is $1,984, which is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%. The 25th percentile tax bill is $1,449, while the 75th percentile is $2,472 and the 90th percentile reaches $3,046. That range shows how assessed value and location can affect what homeowners ultimately pay.
Median Bailey Tax Bill
$1,984
Median Park County Tax Bill
$1,860
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Bailey, Park County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80421 | $865 | $1,449 | $1,984 | $2,472 | $3,046 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Park Tax Assessor | |
| Website | beacon.schneidercorp.com |