Grand County, Colorado property tax
The median homeowner in Grand County, Colorado pays $1,763 a year in property tax on a home worth $507,200, an effective rate of 0.35%. The national effective rate is 0.98%.
What the rate means here
At 0.35%, Grand County taxes property more lightly than the national 0.98%. A low rate on an expensive house is not the bargain it looks like. The median bill is still $1,763, because 0.35% of $507,200 is not a small number.
It ranks #34 of 52 Colorado counties by effective rate, against a statewide 0.49%, and #2,718 nationally. The state runs from 0.62% in Broomfield County down to 0.23% in Gilpin County.
The median home costs 6 times the median household income of $84,558, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 20.59% of median income in gross rent. This is a small rural county of 15,794 people. Five-year survey estimates for places this size carry wide margins of error, so treat the figures as approximate.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Grand County | Colorado | United States | |
|---|---|---|---|
| Effective property tax | 0.35% | 0.49% | 0.98% |
| Median tax bill | $1,763 | $2,448 | $2,969 |
| Median home value | $507,200 | $502,200 | $303,400 |
| Median gross rent | $1,451 | $1,693 | $1,348 |
| Median household income | $84,558 | $92,470 | $78,538 |
| Home price to income | 6× | 5.43× | 3.86× |
| Rent as share of income | 20.59% | 21.97% | 20.6% |
| Owner-occupied | 76.38% | 66.32% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 15,794.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Alamosa County | 0.44% | $968 | $218,800 |
| Pitkin County | 0.39% | $4,450 | $1,131,200 |
| Gunnison County | 0.28% | $1,683 | $597,200 |
| Las Animas County | 0.24% | $524 | $214,500 |
| Park County | 0.34% | $1,679 | $489,300 |
Grand County property tax: common questions
What is the property tax rate in Grand County, Colorado?
The effective rate is 0.35% of home value, from a median tax bill of $1,763 against a median home value of $507,200. That is 0.63 points below the national 0.98%.
How much is property tax on a $400,000 home in Grand County?
Roughly $1,400 a year at the county effective rate of 0.35%.
Is Grand County expensive compared with the rest of Colorado?
It ranks #34 of 52 Colorado counties by effective property tax rate, and #2718 of 2,826 nationally. That is 0.14 points below the Colorado average of 0.49%.
What does housing cost in Grand County?
The median home is worth $507,200 and median gross rent is $1,451 a month. Median household income is $84,558, which puts the home at 6 times annual income and rent at 20.59% of it.