Gypsum Area, Eagle County, Colorado Property Taxes
Median Gypsum Area, CO effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Gypsum Area, CO home value: $363,670
Median annual Gypsum Area, CO tax bill: $1,701, $699 lower than the national median property tax bill of $2,400.
How are property taxes in Eagle calculated?
Property taxes in Gypsum Area, 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 Gypsum Area’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gypsum Area, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gypsum Area, Eagle County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.39%
Estimate Property Tax Bill
$1,874
$1,739
Property Tax Rates Across Gypsum Area, Eagle County, Colorado
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, county officials estimate the budget necessary to provide essential services and divide this figure by the total value of all taxable property within their jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the fundamental annual procedure.
In the Gypsum area of Eagle County, Colorado, the effective property tax rate is a reflection of this process. When comparing Gypsum's rate to other cities within Colorado, it becomes apparent how much these rates can differ. Colorado's median property tax rate is notably lower than the national median of 1.02%, highlighting the state's relatively favorable tax environment. With the national median property tax bill standing at $2,400, homeowners in Colorado often experience lower property tax obligations. Understanding these differences can be crucial for property owners who want to maximize their savings and ensure they are not overpaying on their property taxes.
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 Gypsum Area Tax Rate
0.39%
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 Eagle County Tax Rate
0.38%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gypsum Area, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Gypsum Area, Eagle County, Colorado
When examining property taxes in Gypsum Area, 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 Eagle 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 Eagle 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 Gypsum Area. For example, the median home price in Gypsum Area is $363,670, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Gypsum Area, Eagle County, Colorado
Source: Ownwell
$37,550
$1,115,095
$2,192,640
Median Gypsum Area Market Value
$480,510
Median Eagle County Market Value
$1,056,520
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gypsum Area, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Gypsum Area, Eagle County, Colorado
In the Gypsum area of Eagle County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $363,670, homeowners in this area face varying tax bills. The tax bill at the 25th percentile is $1,179, while at the 75th percentile, it reaches $1,954. For those at the 90th percentile, the tax bill climbs to $4,008. These figures highlight the significant impact property taxes can have on household budgets. Compared to the national median property tax rate of 1.02%, property taxes in this area can vary widely, affecting homeowners differently based on their property's assessed value.
Ownwell offers valuable assistance to homeowners in the Gypsum area by helping them appeal their property tax assessments and ensuring they receive any applicable exemptions. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell can help homeowners potentially reduce their tax burden, providing much-needed financial relief and peace of mind.
Median Gypsum Area Tax Bill
$1,861
Median Eagle County Tax Bill
$4,478
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Gypsum Area, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell