Guffey, Park County, Colorado Property Taxes

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

Median Guffey, CO effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Guffey, CO home value: $314,053
Median annual Guffey, CO tax bill: $1,159, $1,241 lower than the national median property tax bill of $2,400.

How are property taxes in Park County calculated?

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

Last Updated March 1, 2025

Guffey, Park County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.27%

Estimate Property Tax Bill

$1,320

$1,225

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

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county, such as Park County in Colorado, calculates its necessary budget to provide public services annually. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and legislation play a role in determining these rates and budgets, this process is essentially repeated each year.

For instance, Guffey in Park County, Colorado, has an effective property tax rate that can be compared to other cities within the state. The median property tax rate in Colorado stands at 0.37%, which is notably lower than the national median property tax rate of 1.02%. This means that property owners in Guffey may benefit from lower property tax bills compared to many other regions across the United States. Understanding these rates and how they are determined can provide valuable insights for property owners looking to manage their expenses effectively.

Property Tax Rates Across Guffey, Park County, Colorado

Source: Ownwell

0.25%

0.32%

0.38%

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 Guffey Tax Rate

0.27%

Median Effective Park County Tax Rate

0.35%

Median Effective Colorado Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Guffey, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80820	0.21%	0.25%	0.27%	0.28%	0.29%

Source: Ownwell

Property Tax Assessment Values Across Guffey, Park County, Colorado

When examining property taxes in Guffey, 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. 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 Guffey. For example, the median home price in Guffey is $314,053, with tax bills ranging significantly across the county. 80820 has the highest median home price at $314,053.

Property Tax Assessment Values Across Guffey, Park County, Colorado

Source: Ownwell

$367,702

$593,499

$819,296

Median Guffey Market Value

$488,869

Median Park County Market Value

$536,611

Median Colorado Market Value

$519,879

Median United States Market Value

$235,294

Property Tax Assessment Values Across Guffey, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80820	$240,225	$352,824	$488,869	$634,780	$821,446

Source: Ownwell

Property Tax Bills Across Guffey, Park County, Colorado

In Guffey, CO, property tax bills are determined by assessing the property's market value and applying the local tax rate. For homeowners in Park County, the median property tax bill is $1,159, which is significantly lower than the national median of $2,400. Homeowners in the 25th percentile pay around $821, while those in the 90th percentile face bills as high as $2,075. These figures highlight the variability in tax bills based on property values and the local assessment rate. Factors influencing the tax bill include the property's assessed value and the county's budgetary needs. High property taxes can strain homeowners' finances, making it crucial to explore potential savings. This is where Ownwell can make a difference. With expertise in property tax appeals and exemptions, Ownwell helps homeowners identify inaccuracies in assessments and secure lower tax bills. By leveraging local knowledge and a deep understanding of tax regulations, Ownwell ensures homeowners pay only their fair share, maximizing their savings and reducing financial burdens.

Property Tax Bills Across Guffey, Park County, Colorado

Source: Ownwell

$903

$1,850

$2,796

Median Guffey Tax Bill

$1,292

Median Park County Tax Bill

$1,860

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Guffey, Park County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80820	$519	$882	$1,292	$1,714	$2,346

Source: Ownwell