Vail Area, Eagle County, Colorado Property Taxes

Name: Property Tax Bills Across Vail Area, Eagle County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Vail Area, CO effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Vail Area, CO home value: $862,130
Median annual Vail Area, CO tax bill: $3,037, $637 higher than the national median property tax bill of $2,400.

How are property taxes in Eagle County calculated?

Property taxes in Vail 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 Vail Area’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vail Area, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Vail Area, Eagle County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.36%

Estimate Property Tax Bill

$3,104

$2,880

Ownwell’s Vail Area Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in the Vail Area with just two data points. By entering your property's estimated assessed value, our calculator applies the Vail Area’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Eagle County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Vail Area, Eagle County, Colorado

Local government entities in Colorado, like elsewhere, determine tax rates that can differ significantly across the state. This variation arises because each county annually assesses its budgetary needs for public services and divides this by the total assessed value of all taxable property within its boundaries, resulting in the property tax rate. Although the process involves votes and legislation, this is essentially how it works each year. The Vail area's effective property tax rate provides an interesting perspective when compared to other cities in Colorado, as well as the state's median property tax rates and those of the U.S. While the national median property tax rate is 1.02%, Colorado's rates are often lower, influenced by the state's unique assessment practices and budgetary requirements. The Vail area, situated in Eagle County, reflects this trend with its own distinct rate, offering a comparative advantage to property owners. Understanding these dynamics can be crucial for homeowners seeking to manage their property tax liabilities effectively.

Property Tax Rates Across Vail Area, Eagle County, Colorado

Source: Ownwell

0.33%

0.48%

0.63%

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 Vail Area Tax Rate

0.36%

Median Effective Eagle County Tax Rate

0.44%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Vail Area, Eagle County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Assessment Values Across Vail Area, Eagle County, Colorado

When examining property taxes in the Vail 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. Assessment notices: 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 the Vail area. For example, the median home price in the Vail area is $862,130, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Vail Area, Eagle County, Colorado

Source: Ownwell

$44,100

$643,525

$1,242,950

Median Vail Area Market Value

$862,130

Median Eagle County Market Value

$678,345

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Vail Area, Eagle County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Bills Across Vail Area, Eagle County, Colorado

In the Vail area of Eagle County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to determine the annual tax bill. While the national median property tax rate is 1.02%, the Vail area has varying tax bills, with the 25th percentile at $1,428 and the 75th percentile reaching $8,529. For those at the 90th percentile, tax bills can be as high as $15,646. These figures highlight the financial impact on homeowners, particularly in a region with a median home price of $862,130. Homeowners in the Vail area can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell offers expert property tax appeal services, helping homeowners identify potential savings and secure exemptions. By leveraging professional insights and local expertise, Ownwell can assist in reducing tax burdens, providing significant financial relief.

Property Tax Bills Across Vail Area, Eagle County, Colorado

Source: Ownwell

$154

$2,985

$5,816

Median Vail Area Tax Bill

$3,037

Median Eagle County Tax Bill

$3,388

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Vail Area, Eagle County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile

Source: Ownwell