Grand Lake, Grand County, Colorado Property Taxes

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

Median Grand Lake, CO effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Grand Lake, CO home value: $421,275
Median annual Grand Lake, CO tax bill: $1,842, $558 lower than the national median property tax bill of $2,400.

How are property taxes in Grand County calculated?

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

Last Updated March 1, 2025

Grand Lake, Grand 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

$2,291

$2,126

Ownwell’s Grand Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grand Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Grand Lake’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 Grand County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Grand Lake, Grand County, Colorado

Local government entities set tax rates, which can vary widely within a state due to differing budgetary needs and property values. Each county annually estimates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Grand Lake in Grand County, Colorado, has an effective property tax rate of 0.42%, which is notably lower than the national median of 1.02%. This lower rate reflects the county's unique budgetary requirements and property valuations. When compared to other cities in Colorado, Grand Lake's tax rate stands out for its affordability, offering property owners a significant advantage. For those considering property investment or relocation, the lower property tax rate in Grand Lake can lead to substantial savings. Understanding these rates and how they compare to state and national medians can be crucial for informed decision-making regarding property ownership and investment.

Property Tax Rates Across Grand Lake, Grand County, Colorado

Source: Ownwell

0.36%

0.42%

0.48%

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 Lake Tax Rate

0.36%

Median Effective Grand County Tax Rate

0.41%

Median Effective Colorado Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grand Lake, Grand County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80447	0.36%	0.36%	0.36%	0.43%	0.43%

Source: Ownwell

Property Tax Assessment Values Across Grand Lake, Grand County, Colorado

When examining property taxes in Grand Lake, 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 Grand County appraisal district 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 Grand 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 Grand Lake. For example, the median home price in Grand Lake is $421,275, with tax bills ranging significantly across the county. Zip code 80447 has the highest median home price at $421,275.

Property Tax Assessment Values Across Grand Lake, Grand County, Colorado

Source: Ownwell

$383,450

$671,725

$960,000

Median Grand Lake Market Value

$636,340

Median Grand County Market Value

$646,810

Median Colorado Market Value

$519,879

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grand Lake, Grand County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80447	$220,166	$388,325	$636,340	$968,235	$1,624,526

Source: Ownwell

Property Tax Bills Across Grand Lake, Grand County, Colorado

In Grand Lake, CO, property tax bills are determined by the county assessor's office, which calculates taxes based on the assessed value of a home. This assessed value is a percentage of the property's market value. Homeowners in Grand Lake experience a median property tax bill of $1,842, which is below the national median of $2,400. The tax bills vary, with the 25th percentile at $1,126 and the 75th percentile reaching $2,834. Factors influencing these bills include property size, location, and market trends. Given the median home price of $421,275, a tax bill can significantly impact a homeowner’s annual budget.

Navigating property taxes can be complex, but Ownwell offers valuable assistance to homeowners in Grand Lake. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax liabilities. This means more savings and financial peace of mind, allowing homeowners to allocate their resources more effectively. With Ownwell's expertise, homeowners can ensure they are not overpaying on their property tax bills.

Property Tax Bills Across Grand Lake, Grand County, Colorado

Source: Ownwell

$1,572

$2,833

$4,094

Median Grand Lake Tax Bill

$2,413

Median Grand County Tax Bill

$2,705

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Grand Lake, Grand County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80447	$880	$1,516	$2,413	$3,730	$6,273

Source: Ownwell