Red Cliff Area, Eagle County, Colorado Property Taxes
Median RED CLIFF AREA, CO effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median RED CLIFF AREA, CO home value: $122,105
Median annual RED CLIFF AREA, CO tax bill: $746, $1,654 lower than the national median property tax bill of $2,400.
How are property taxes in Eagle calculated?
Property taxes in RED CLIFF 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 RED CLIFF AREA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in RED CLIFF AREA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Red Cliff Area, Eagle County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.54%
Estimate Property Tax Bill
$1,265
$1,174
Property Tax Rates Across Red Cliff Area, Eagle County, Colorado
Local government entities set tax rates, which can vary widely within a state. This variation is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In the Red Cliff area in Eagle County, Colorado, property owners experience an effective property tax rate that is notably below both the state and national medians. With Colorado's median property tax rate being significantly less than the national median of 1.02%, residents in this region benefit from some of the lowest property tax burdens in the country. This lower tax rate can be particularly appealing for homeowners seeking to maximize their investment and reduce annual expenses. Comparing Red Cliff's rate to other cities within Colorado further highlights the advantage of owning property in this area. This favorable tax environment can be an enticing factor for potential homebuyers and investors considering the Red Cliff area as their next real estate venture.
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 Red Cliff Area Tax Rate
0.54%
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 Red Cliff Area, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Red Cliff Area, Eagle County, Colorado
When examining property taxes in RED CLIFF 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's Office 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 RED CLIFF AREA. For example, the median home price in RED CLIFF AREA is $122,105, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Red Cliff Area, Eagle County, Colorado
Source: Ownwell
$37,550
$1,115,095
$2,192,640
Median Red Cliff Area Market Value
$234,290
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 Red Cliff Area, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Red Cliff Area, Eagle County, Colorado
Median Red Cliff Area Tax Bill
$1,330
Median Eagle County Tax Bill
$4,478
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Red Cliff Area, Eagle County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell