Fraser, Grand County, Colorado Property Taxes
Median Fraser, CO effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Fraser, CO home value: $456,060
Median annual Fraser, CO tax bill: $2,162, $238 lower than the national median property tax bill of $2,400.
How are property taxes in Grand County calculated?
Property taxes in Fraser, 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 Fraser’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fraser, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fraser, Grand County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$2,143
$1,989
Property Tax Rates Across Fraser, Grand County, Colorado
Local government entities in Fraser, located in Grand County, CO, are responsible for setting property tax rates, which can differ significantly across the state. This is because each year, counties determine the necessary budget to maintain public services and then divide this figure by the total value of all taxable properties within their jurisdiction. This process establishes the property tax rate. Although voting and legislative measures play a role in shaping these rates and budgets, this is the fundamental procedure followed annually.
Fraser's effective property tax rate is a crucial point of comparison with other cities in Colorado, as well as with the state's and national median rates. With a median tax rate of 0.47%, Fraser stands below the national median property tax rate of 1.02%. This lower rate can be an attractive factor for property owners, offering potential savings compared to the national average. Understanding these differences is essential for property owners considering tax implications in their financial planning.
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 Fraser Tax Rate
0.47%
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 Grand County Tax Rate
0.46%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fraser, Grand County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80442 | 0.41% | 0.45% | 0.47% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Fraser, Grand County, Colorado
When examining property taxes in Fraser, 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 Grand 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: Grand County sends assessment notices 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 Fraser.
For example, the median home price in Fraser is $456,060, with tax bills ranging significantly across the county. Zip code 80442 has the highest median home price at $456,060.
Property Tax Assessment Values Across Fraser, Grand County, Colorado
Source: Ownwell
$251,085
$404,333
$557,580
Median Fraser Market Value
$456,060
Median Grand County Market Value
$403,230
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fraser, Grand County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80442 | $116,210 | $295,410 | $456,060 | $710,420 | $956,420 |
Source: Ownwell
Property Tax Bills Across Fraser, Grand County, Colorado
In Fraser, located in Grand County, Colorado, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Fraser is $456,060. Property tax rates in Colorado are generally lower than the national median property tax rate of 1.02%. Homeowners in Fraser may see a range of property tax bills, with the 25th percentile at $1,382 and the 75th percentile reaching $4,086. The highest median tax bill in the area is $2,162, which is below the national median property tax bill of $2,400.
Several factors influence property tax calculations, including the assessed value of the property and the local tax rate. These taxes can significantly impact homeowners' annual expenses. By appealing their property tax assessments, homeowners may reduce their tax burden. Ownwell assists homeowners in navigating the complexities of property tax appeals and exemptions, potentially leading to savings on their property tax bills. By leveraging local expertise, Ownwell helps ensure homeowners are not overpaying on their property taxes.
Median Fraser Tax Bill
$2,162
Median Grand County Tax Bill
$1,913
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Fraser, Grand County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80442 | $672 | $1,382 | $2,162 | $4,086 | $6,257 |
Source: Ownwell