Guffey, Teller County, Colorado Property Taxes

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

Median Guffey, CO effective property tax rate: 0.30%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Guffey, CO home value: $242,049
Median annual Guffey, CO tax bill: $738, $1,662 lower than the national median property tax bill of $2,400.

How are property taxes in Teller 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, Teller County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.3%

Estimate Property Tax Bill

$726

$674

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 Teller County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Guffey, Teller County, Colorado

Local government entities set tax rates, which can vary widely within a state due to differing budgetary needs and property values. Each county annually estimates its required budget to provide essential services, then divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

Guffey, located in Teller County, Colorado, presents an intriguing case in point. With an effective property tax rate of 0.30%, it stands out when compared to the national median property tax rate of 1.02%. This lower rate can be attributed to various factors, including local budget requirements and property valuations. For residents, this means a more affordable property tax bill compared to the national median of $2,400. Understanding these nuances can help property owners make informed decisions about appealing their property taxes or seeking exemptions. As property values and local government needs evolve, staying informed about these trends is crucial for managing your property tax obligations effectively.

Property Tax Rates Across Guffey, Teller County, Colorado

Source: Ownwell

0.25%

0.41%

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 Guffey Tax Rate

0.30%

Median Effective Teller County Tax Rate

0.39%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Guffey, Teller County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80820	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Guffey, Teller County, Colorado

When examining property taxes in Guffey, 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 Teller 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 Teller 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 $242,049, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Guffey, Teller County, Colorado

Source: Ownwell

$128,780

$250,608

$372,436

Median Guffey Market Value

$242,049

Median Teller County Market Value

$324,386

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Guffey, Teller County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80820	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Guffey, Teller County, Colorado

In Guffey, located in Teller County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $242,049, homeowners in Guffey face a property tax bill around $738, which is significantly lower than the national median property tax bill of $2,400. The property tax rate in this area is notably lower than the national median rate of 1.02%, providing a more affordable option for homeowners. However, despite the lower tax rates, it's essential for homeowners to ensure their property is assessed accurately to avoid overpaying. Factors such as recent home sales, property improvements, and local tax rates are considered in determining the tax bill. Ownwell offers expert property tax appeal services, helping homeowners identify discrepancies in their assessments and potentially reducing their tax bills. By leveraging their expertise, homeowners can ensure they are not overpaying and can maximize their savings on property taxes.

Property Tax Bills Across Guffey, Teller County, Colorado

Source: Ownwell

$397

$1,126

$1,855

Median Guffey Tax Bill

$738

Median Teller County Tax Bill

$1,276

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Guffey, Teller County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80820	N/A	N/A	N/A	N/A	N/A

Source: Ownwell