Buena Vista, Chaffee County, Colorado Property Taxes
Median Buena Vista, CO effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Buena Vista, CO home value: $407,888
Median annual Buena Vista, CO tax bill: $1,559, $841 lower than the national median property tax bill of $2,400.
How are property taxes in Chaffee County calculated?
Property taxes in Buena Vista, 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 Buena Vista’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buena Vista, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Buena Vista, Chaffee County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.37%
Estimate Property Tax Bill
$1,509
$1,400
Property Tax Rates Across Buena Vista, Chaffee County, Colorado
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county, such as Chaffee County, calculates its required budget to fund essential services and divides this figure by the total value of all taxable property within its area. This process determines the property tax rate. Though the process involves votes and legal regulations, this is essentially how it works annually.
In Buena Vista, located in Chaffee County, the effective property tax rate reflects this localized budgeting approach. When comparing Buena Vista's property tax rate with other cities in Colorado, as well as the state's median rate, you'll find distinct differences. Moreover, the national median property tax rate is 1.02%, with an average bill of $2400, providing a benchmark for comparison. Understanding these variations is crucial for property owners seeking to manage their tax liabilities effectively. This knowledge empowers homeowners to make informed decisions, potentially leading to successful appeals or exemptions that can result in significant savings.
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 Buena Vista Tax Rate
0.37%
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 Chaffee County Tax Rate
0.36%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Buena Vista, Chaffee County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81211 | 0.30% | 0.37% | 0.37% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Buena Vista, Chaffee County, Colorado
When examining property taxes in Buena Vista, CO, 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 Chaffee 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.
In Chaffee 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. 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 Buena Vista.
For example, the median home price in Buena Vista is $407,888, with tax bills ranging significantly across the county. Zip code 81211 has the highest median home price at $407,888.
Property Tax Assessment Values Across Buena Vista, Chaffee County, Colorado
Source: Ownwell
$152,071
$295,233
$438,395
Median Buena Vista Market Value
$407,888
Median Chaffee County Market Value
$418,760
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Buena Vista, Chaffee County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81211 | $95,440 | $310,429 | $407,888 | $540,970 | $723,262 |
Source: Ownwell
Property Tax Bills Across Buena Vista, Chaffee County, Colorado
In Buena Vista, CO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is estimated based on comparable home sales and other factors. Homeowners in Buena Vista experience property tax bills that range significantly, with the 25th percentile at $1,195 and the 75th percentile at $2,042. Compared to the national median property tax bill of $2,400, Buena Vista's tax bills are generally lower, offering some relief to homeowners. However, the highest median tax bill in the area is $1,559, which can still be a significant expense for many families.
Ownwell can assist homeowners in Buena Vista by identifying potential savings on their property tax bills. By analyzing the assessed value and ensuring it accurately reflects the home's market value, Ownwell helps homeowners file appeals for potential reductions. This service can lead to significant savings, providing financial relief and ensuring homeowners only pay their fair share in property taxes.
Median Buena Vista Tax Bill
$1,559
Median Chaffee County Tax Bill
$1,497
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Buena Vista, Chaffee County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81211 | $731 | $1,195 | $1,559 | $2,042 | $2,725 |
Source: Ownwell