Snowmass, Pitkin County, Colorado Property Taxes
Median Snowmass, CO effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Snowmass, CO home value: $831,500
Median annual Snowmass, CO tax bill: $5,007, $2,607 higher than the national median property tax bill of $2,400.
How are property taxes in Pitkin calculated?
Property taxes in Snowmass, 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 Snowmass’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Snowmass, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Snowmass, Pitkin County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$4,740
$4,398
Ownwell’s Snowmass Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Snowmass with just two data points. By entering your property's estimated assessed value, our calculator applies Snowmass’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 Pitkin County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Snowmass, Pitkin County, Colorado
Local government entities determine tax rates, which can differ significantly within a state. Annually, each county calculates its necessary budget to maintain services and divides this by the total value of all taxable property in its area, resulting in the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the core annual procedure.
For instance, Snowmass in Pitkin County, CO, has an effective property tax rate of 0.57%, which is notably lower than the national median of 1.02%. This makes Snowmass an attractive location for property owners seeking lower tax obligations. When comparing Snowmass to other regions within Colorado, it stands out for its favorable tax rate. The state's median property tax rate aligns with Snowmass, highlighting the region's consistent approach to property taxation. This lower tax rate can be a significant advantage for homeowners, potentially reducing the overall cost of property ownership. By considering these factors, potential property buyers and current homeowners in Snowmass can make informed decisions about their investments.
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 Snowmass Tax Rate
0.57%
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 Pitkin County Tax Rate
0.26%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Snowmass, Pitkin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81654 | 0.43% | 0.57% | 0.57% | 0.58% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Snowmass, Pitkin County, Colorado
When examining property taxes in Snowmass, 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 Pitkin County appraisal district 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 Pitkin 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 Snowmass. For example, the median home price in Snowmass is $831,500, with tax bills ranging significantly across the county. Zip code 81654 has the highest median home price at $831,500.
Property Tax Assessment Values Across Snowmass, Pitkin County, Colorado
Source: Ownwell
$254,900
$3,919,500
$7,584,100
Median Snowmass Market Value
$831,500
Median Pitkin County Market Value
$1,237,200
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Snowmass, Pitkin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81654 | $62,400 | $340,600 | $831,500 | $2,215,900 | $3,956,520 |
Source: Ownwell
Property Tax Bills Across Snowmass, Pitkin County, Colorado
Median Snowmass Tax Bill
$5,007
Median Pitkin County Tax Bill
$4,527
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Snowmass, Pitkin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81654 | $431 | $1,718 | $5,007 | $12,209 | $22,129 |
Source: Ownwell