Pitkin County, Colorado property tax
The median homeowner in Pitkin County, Colorado pays $4,450 a year in property tax on a home worth $1,131,200, an effective rate of 0.39%. The national effective rate is 0.98%.
What the rate means here
At 0.39%, Pitkin 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 $4,450, because 0.39% of $1,131,200 is not a small number.
It ranks #25 of 52 Colorado counties by effective rate, against a statewide 0.49%, and #2,664 nationally. The state runs from 0.62% in Broomfield County down to 0.23% in Gilpin County.
The median home costs 11.28 times the median household income of $100,318, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 22.49% of median income in gross rent. This is a small rural county of 17,119 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
| Pitkin County | Colorado | United States | |
|---|---|---|---|
| Effective property tax | 0.39% | 0.49% | 0.98% |
| Median tax bill | $4,450 | $2,448 | $2,969 |
| Median home value | $1,131,200 | $502,200 | $303,400 |
| Median gross rent | $1,880 | $1,693 | $1,348 |
| Median household income | $100,318 | $92,470 | $78,538 |
| Home price to income | 11.28× | 5.43× | 3.86× |
| Rent as share of income | 22.49% | 21.97% | 20.6% |
| Owner-occupied | 67.5% | 66.32% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 17,119.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Gunnison County | 0.28% | $1,683 | $597,200 |
| Alamosa County | 0.44% | $968 | $218,800 |
| Park County | 0.34% | $1,679 | $489,300 |
| Grand County | 0.35% | $1,763 | $507,200 |
| Otero County | 0.32% | $518 | $160,700 |
Pitkin County property tax: common questions
What is the property tax rate in Pitkin County, Colorado?
The effective rate is 0.39% of home value, from a median tax bill of $4,450 against a median home value of $1,131,200. That is 0.59 points below the national 0.98%.
How much is property tax on a $400,000 home in Pitkin County?
Roughly $1,560 a year at the county effective rate of 0.39%.
Is Pitkin County expensive compared with the rest of Colorado?
It ranks #25 of 52 Colorado counties by effective property tax rate, and #2664 of 2,826 nationally. That is 0.1 points below the Colorado average of 0.49%.
What does housing cost in Pitkin County?
The median home is worth $1,131,200 and median gross rent is $1,880 a month. Median household income is $100,318, which puts the home at 11.28 times annual income and rent at 22.49% of it.