Parshall, Grand County, Colorado Property Taxes
Median Parshall, 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 Parshall, CO home value: $325,350
Median annual Parshall, CO tax bill: $1,483, $917 lower than the national median property tax bill of $2,400.
How are property taxes in Grand County calculated?
Property taxes in Parshall, 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 Parshall’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Parshall, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Parshall, Grand County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.41%
Estimate Property Tax Bill
$1,890
$1,754
Property Tax Rates Across Parshall, Grand County, Colorado
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how the process works each year.
In Parshall, located in Grand County, Colorado, the effective property tax rate is notably lower than the national median property tax rate of 1.02%. This makes property ownership in Parshall more affordable compared to many other areas across the United States. When compared to other cities in Colorado, Parshall's property tax rate is consistent with the state's median, offering a balanced tax environment for its residents. This favorable tax rate can be an attractive factor for potential homeowners and investors looking to capitalize on lower property tax expenses while still enjoying the benefits of living in a beautiful and vibrant state like Colorado.
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 Parshall Tax Rate
0.41%
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
0.41%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Parshall, Grand County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80468 | 0.34% | 0.41% | 0.41% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Parshall, Grand County, Colorado
When examining property taxes in Parshall, 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 Parshall.
For example, the median home price in Parshall is $325,350, with tax bills ranging significantly across the county. 80468 has the highest median home price at $325,350.
Property Tax Assessment Values Across Parshall, Grand County, Colorado
Source: Ownwell
$383,450
$671,725
$960,000
Median Parshall Market Value
$460,965
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 Parshall, Grand County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80468 | $38,045 | $174,648 | $460,965 | $643,090 | $1,005,465 |
Source: Ownwell
Property Tax Bills Across Parshall, Grand County, Colorado
In Parshall, located in Grand County, Colorado, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Parshall is $325,350, which serves as a basis for calculating taxes. The tax bill can vary significantly, with the 25th percentile at $606 and the 75th percentile at $2,161, reflecting differences in property values and specific tax rates. The highest median tax bill in the area is $1,483. These figures can be compared to the national median property tax bill of $2,400, highlighting the relative affordability in Parshall.
Homeowners may feel the impact of these tax bills on their annual expenses, as taxes are a significant cost of owning property. Ownwell offers valuable assistance by providing property tax appeal and exemption services. By leveraging expert knowledge and resources, Ownwell can help homeowners potentially reduce their tax liabilities, ensuring they pay only their fair share. This service can lead to substantial savings and ease the financial burden on homeowners in Parshall.
Median Parshall Tax Bill
$1,890
Median Grand County Tax Bill
$2,705
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Parshall, Grand County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80468 | $139 | $730 | $1,890 | $2,696 | $4,580 |
Source: Ownwell