Silverthorne, Summit County, Colorado Property Taxes
Median Silverthorne, CO effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Silverthorne, CO home value: $597,300
Median annual Silverthorne, CO tax bill: $2,578, $178 higher than the national median property tax bill of $2,400.
How are property taxes in Summit County calculated?
Property taxes in Silverthorne, 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 Silverthorne’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Silverthorne, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Silverthorne, Summit County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.4%
Estimate Property Tax Bill
$2,389
$2,217
Property Tax Rates Across Silverthorne, Summit County, Colorado
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their budgetary needs to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Silverthorne, located in Summit County, the effective property tax rate is 0.40%, which is notably lower than both the Colorado state median and the national median property tax rate of 1.02%. This lower rate translates to more affordable property tax bills for homeowners compared to the national median property tax bill of $2,400.
This advantageous tax environment in Silverthorne may appeal to potential property buyers and investors looking for a cost-effective location. By offering property tax appeal and exemption services, we can help you navigate and potentially reduce your property tax obligations, ensuring you make the most of this favorable tax landscape.
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 Silverthorne Tax Rate
0.40%
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 Summit County Tax Rate
0.40%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Silverthorne, Summit County, Colorado
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
80498 | 0.40% | 0.40% | 0.40% | 0.50% | 0.50% |
80497 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Silverthorne, Summit County, Colorado
When examining property taxes in Silverthorne, 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 Summit 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 Summit 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 Silverthorne. For example, the median home price in Silverthorne is $597,300, with tax bills ranging significantly across the county. Zip code 80498 has the highest median home price at $597,350.
Property Tax Assessment Values Across Silverthorne, Summit County, Colorado
Source: Ownwell

$459,600
$711,925
$964,250
Median Silverthorne Market Value
$597,300
Median Summit County Market Value
$629,250
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Silverthorne, Summit County, Colorado
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
80498 | $290,460 | $397,200 | $597,350 | $918,475 | $1,330,880 |
80497 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Silverthorne, Summit County, Colorado
Median Silverthorne Tax Bill
$2,578
Median Summit County Tax Bill
$2,627
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Silverthorne, Summit County, Colorado
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
80498 | $1,320 | $1,897 | $2,579 | $3,795 | $6,393 |
80497 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell