Bailey, Park County, Colorado Property Taxes

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

Median Bailey, CO effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Bailey, CO home value: $386,478
Median annual Bailey, CO tax bill: $1,700, $700 lower than the national median property tax bill of $2,400.

How are property taxes in Park County calculated?

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

Last Updated March 1, 2025

Bailey, Park County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.44%

Estimate Property Tax Bill

$1,701

$1,578

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

Property Tax Rates Across Bailey, Park County, Colorado

Local government entities determine tax rates, leading to significant variations within a state. The process involves each county estimating its budget needs for services and dividing this 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.

For example, Bailey in Park County, Colorado, has an effective property tax rate of 0.44%. This rate is notably lower than the national median property tax rate of 1.02%. Compared to other cities in Colorado, Bailey's rate remains consistent within its region, reflecting the county's budgetary requirements and property values. While Bailey's property tax rate aligns with the county's highest and lowest rates, it is considerably below the national median, offering property owners in Bailey a more favorable tax environment. This comparison highlights the importance of understanding local tax rates, as they can significantly impact property ownership costs.

Property Tax Rates Across Bailey, Park County, Colorado

Source: Ownwell

0.37%

0.43%

0.50%

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 Bailey Tax Rate

0.44%

Median Effective Park County Tax Rate

0.44%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bailey, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80421	0.35%	0.44%	0.44%	0.44%	0.52%

Source: Ownwell

Property Tax Assessment Values Across Bailey, Park County, Colorado

When examining property taxes in Bailey, 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 Park 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: In Park 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 Bailey. For example, the median home price in Bailey is $386,478, with tax bills ranging significantly across the county. 80421 has the highest median home price at $386,478.

Property Tax Assessment Values Across Bailey, Park County, Colorado

Source: Ownwell

$231,594

$399,368

$567,142

Median Bailey Market Value

$386,478

Median Park County Market Value

$344,823

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bailey, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80421	$209,951	$302,438	$386,478	$468,746	$578,265

Source: Ownwell

Property Tax Bills Across Bailey, Park County, Colorado

In Bailey, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the Park County Assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. With a median home price of $386,478, homeowners in Bailey can expect tax bills around the national median of $2,400. However, bills can vary significantly, ranging from $1,312 at the 25th percentile to $2,521 at the 90th percentile. These variations depend on factors such as property location, improvements, and local tax levies. High property tax bills can strain homeowners, making it essential to ensure they're not overpaying. Ownwell assists homeowners in Bailey by reviewing their property assessments to identify discrepancies and opportunities for appeals. By leveraging expert knowledge of local tax laws and assessment procedures, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Bailey, Park County, Colorado

Source: Ownwell

$847

$1,593

$2,339

Median Bailey Tax Bill

$1,700

Median Park County Tax Bill

$1,504

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Bailey, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80421	$903	$1,312	$1,700	$2,082	$2,521

Source: Ownwell