Buena Vista, Lake County, Colorado Property Taxes

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

Median Buena Vista, CO effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Buena Vista, CO home value: $249,702
Median annual Buena Vista, CO tax bill: $1,762, $638 lower than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Buena Vista, Lake County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$1,773

$1,645

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

Property Tax Rates Across Buena Vista, Lake County, Colorado

Local government entities determine tax rates, leading to significant variations within a state. Each year, counties like Lake estimate their budgetary needs for public services and divide this by the total assessed value of taxable property in their area, resulting in the property tax rate. Although this process involves voting and legal considerations, it essentially boils down to this annual calculation.

In Buena Vista, located in Lake County, the effective property tax rate reflects these local decisions. When compared to other cities in Colorado, Buena Vista's rate offers insight into how local governance impacts property taxes. Colorado's median property tax rate stands at 0.71%, which is below the national median of 1.02%. This difference highlights Colorado's relatively lower property tax burden compared to the national average. For property owners in Buena Vista, understanding these rates is crucial for financial planning and assessing the value of property tax appeal and exemption services. By staying informed, residents can better navigate the complexities of property taxation and make informed decisions about their investments.

Property Tax Rates Across Buena Vista, Lake County, Colorado

Source: Ownwell

0.63%

0.67%

0.70%

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 Buena Vista Tax Rate

0.71%

Median Effective Lake County Tax Rate

0.63%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Buena Vista, Lake County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81211	N/A	N/A	N/A	N/A	N/A
81251	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Buena Vista, Lake County, Colorado

When examining property taxes in Buena Vista, 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 Lake 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 Lake 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 Buena Vista.

For example, the median home price in Buena Vista is $249,702, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Buena Vista, Lake County, Colorado

Source: Ownwell

$250,181

$277,946

$305,710

Median Buena Vista Market Value

$249,702

Median Lake County Market Value

$254,269

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Buena Vista, Lake County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81211	N/A	N/A	N/A	N/A	N/A
81251	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Buena Vista, Lake County, Colorado

In Buena Vista, located in Lake County, CO, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is a percentage of the property's market value. Homeowners in Buena Vista face a median property tax rate lower than the national average of 1.02%, with tax bills varying significantly based on property values. For instance, homeowners at the 25th percentile pay around $1,550, whereas those at the 75th percentile face bills of approximately $2,670. The highest tax bills, at the 90th percentile, can reach up to $3,182. These variations highlight the impact of property values and tax rates on homeowners' financial responsibilities. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners in Buena Vista only pay their fair share, offering significant savings and financial relief.

Property Tax Bills Across Buena Vista, Lake County, Colorado

Source: Ownwell

$1,664

$1,852

$2,040

Median Buena Vista Tax Bill

$1,762

Median Lake County Tax Bill

$1,697

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Buena Vista, Lake County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81211	N/A	N/A	N/A	N/A	N/A
81251	N/A	N/A	N/A	N/A	N/A

Source: Ownwell