Property Tax in Lake County
via TaxByCounty
Lake County's taxes align with national trends
Lake County's effective tax rate of 0.385% sits slightly below the national median of 0.470%, placing it in roughly the 40th percentile. The median property tax of $1,544 remains substantially lower than the national median of $2,690, reflecting the county's more modest property values (median $401,300). Lake County residents enjoy rates closer to the national norm.
Slightly below Colorado average
At 0.385%, Lake County's effective rate nearly matches Colorado's state average of 0.393%, keeping the county in the middle of the state's tax rankings. The median tax of $1,544 falls just below the state median of $1,560, confirming Lake's status as a typical Colorado county for property taxation. Residents here should expect state-average tax burdens.
Moderate taxes in the mountain region
Lake County's 0.385% rate sits between higher-taxed Larimer County (0.500%) to the north and lower-taxed La Plata County (0.264%) to the southwest. The $1,544 median tax bill reflects the county's position as a mountain community with moderate property values. Lake offers neither the state's lowest nor highest tax burden.
What a Lake County homeowner pays
The median Lake County home valued at $401,300 generates an estimated annual property tax of $1,544. With a mortgage, homeowners typically pay around $1,946 when other escrow items are included. Lake County's taxes represent a meaningful but manageable annual household expense.
Appeals work in mountain counties too
Lake County's mountain properties often experience volatile valuations due to seasonal markets and tourist activity, creating appeal opportunities. If your recent tax bill jumped significantly, request a reassessment to verify your home's fair market value. Even modest reductions can yield substantial long-term savings for Lake County homeowners.