Hot Sulphur Springs, Grand County, Colorado Property Taxes

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

Median Hot Sulphur Springs, 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 Hot Sulphur Springs, CO home value: $251,085
Median annual Hot Sulphur Springs, CO tax bill: $1,154, $1,246 lower than the national median property tax bill of $2,400.

How are property taxes in Grand County calculated?

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

Last Updated March 1, 2025

Hot Sulphur Springs, Grand County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.42%

Estimate Property Tax Bill

$1,622

$1,505

Ownwell’s Hot Sulphur Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hot Sulphur Springs with just two data points.

By entering your property's estimated assessed value, our calculator applies Hot Sulphur Springs’ 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 Hot Sulphur Springs, Grand County, Colorado

Local government entities set tax rates, which can vary widely within a state. This variation stems from each county's annual budget estimation process. Counties determine their required budget to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Hot Sulphur Springs, located in Grand County, Colorado, the property tax rate is notably lower than both the state and national averages. Colorado's median property tax rate is 0.47%, which is significantly below the national median of 1.02%. This makes Hot Sulphur Springs an attractive location for property owners seeking lower tax burdens. The effective property tax rate in Hot Sulphur Springs is on par with the highest and lowest rates within its zip code, 80451. This consistency within the region highlights the area's stable tax environment. Comparing these rates provides valuable insight for property owners and potential buyers considering investment in the area.

Property Tax Rates Across Hot Sulphur Springs, 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 Hot Sulphur Springs Tax Rate

0.42%

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 Hot Sulphur Springs, Grand County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80451	0.34%	0.42%	0.42%	0.42%	0.42%

Source: Ownwell

Property Tax Assessment Values Across Hot Sulphur Springs, Grand County, Colorado

When examining property taxes in Hot Sulphur Springs, 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 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 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 Hot Sulphur Springs.

For example, the median home price in Hot Sulphur Springs is $251,085, with tax bills ranging significantly across the county. 80451 has the highest median home price at $251,085.

Property Tax Assessment Values Across Hot Sulphur Springs, Grand County, Colorado

Source: Ownwell

$383,450

$671,725

$960,000

Median Hot Sulphur Springs Market Value

$386,230

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 Hot Sulphur Springs, Grand County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80451	$116,470	$233,895	$386,230	$527,592	$660,130

Source: Ownwell

Property Tax Bills Across Hot Sulphur Springs, Grand County, Colorado

In Hot Sulphur Springs, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property size, location, and market conditions can influence the assessed value. With a median home price of $251,085, homeowners in Hot Sulphur Springs pay a median property tax bill that ranges from $678 at the 25th percentile to $1,979 at the 90th percentile. This is below the national median property tax bill of $2,400, providing some relief to homeowners in the area. However, discrepancies in assessment can lead to higher tax bills than necessary. Ownwell assists homeowners by reviewing their property assessments and identifying potential savings. By appealing inaccurate assessments or applying for exemptions, Ownwell can help reduce property tax bills, ensuring homeowners pay only their fair share. This service can be particularly beneficial in areas like Grand County, where tax bills can vary significantly.

Property Tax Bills Across Hot Sulphur Springs, Grand County, Colorado

Source: Ownwell

$1,572

$2,833

$4,094

Median Hot Sulphur Springs Tax Bill

$1,572

Median Grand County Tax Bill

$2,705

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Hot Sulphur Springs, Grand County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80451	$405	$905	$1,572	$2,162	$2,806

Source: Ownwell