Fairplay, Park County, Colorado Property Taxes

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

Median FAIRPLAY, 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 FAIRPLAY, CO home value: $363,930
Median annual FAIRPLAY, CO tax bill: $1,637, $763 lower than the national median property tax bill of $2,400.

How are property taxes in Park County calculated?

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

Last Updated March 1, 2025

Fairplay, 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

$1,601

$1,486

Ownwell’s Fairplay Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fairplay with just two data points. By entering your property's estimated assessed value, our calculator applies Fairplay’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 Fairplay, Park County, Colorado

Local government entities determine property tax rates, which can differ significantly even within the same state. This is because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Fairplay, located in Park County, the effective property tax rate stands at 0.44%, which is notably lower than the national median property tax rate of 1.02%. This means residents in Fairplay typically pay less in property taxes compared to many other U.S. cities. In fact, the property tax rate in Fairplay is consistent across the county, making it both the highest and lowest in the region. This can be appealing for property owners looking for predictability and potentially lower tax bills. Comparing Fairplay's property tax rate to other cities in Colorado and the national average highlights its advantageous position for homeowners seeking lower property tax obligations.

Property Tax Rates Across Fairplay, 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 Fairplay 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 Fairplay, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80440	0.44%	0.44%	0.44%	0.44%	0.53%
80449	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fairplay, Park County, Colorado

When examining property taxes in Fairplay, 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'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 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 Fairplay. For example, the median home price in Fairplay is $363,930, with tax bills ranging significantly across the county. Zip code 80440 has the highest median home price at $363,950.

Property Tax Assessment Values Across Fairplay, Park County, Colorado

Source: Ownwell

$231,594

$399,368

$567,142

Median Fairplay Market Value

$363,930

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 Fairplay, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80440	$164,457	$268,248	$363,950	$460,118	$565,758
80449	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fairplay, Park County, Colorado

In Fairplay, located in Park County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the tax bill. Fairplay's tax bills vary, with the 25th percentile at $1,239 and the 75th percentile at $2,056, reflecting the diverse range of property values in the area. The median tax bill in the region is $1,637, which is below the national median of $2,400, making it relatively affordable for homeowners. However, even with a lower median tax bill, the financial impact on homeowners can be significant, particularly for those whose tax bills reach the 90th percentile at $2,540. Ownwell offers services to help homeowners in Fairplay appeal their property tax assessments and secure exemptions, potentially reducing their tax burden. By leveraging expert knowledge and local insights, Ownwell can assist homeowners in navigating the complexities of property tax appeals, ensuring they pay only their fair share.

Property Tax Bills Across Fairplay, Park County, Colorado

Source: Ownwell

$847

$1,593

$2,339

Median Fairplay Tax Bill

$1,637

Median Park County Tax Bill

$1,504

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Fairplay, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80440	$733	$1,239	$1,637	$2,056	$2,540
80449	N/A	N/A	N/A	N/A	N/A

Source: Ownwell