Property Tax in Pitkin County
via TaxByCounty
Pitkin County matches national tax average
Pitkin County's effective tax rate of 0.393% aligns almost exactly with the national median, meaning property owners here experience typical U.S. tax pressure. However, the median property tax of $4,450 is 66% higher than the national median of $2,690, reflecting Pitkin's extraordinarily high home values, not its tax rate.
Right at Colorado's statewide average
Pitkin County's effective rate of 0.393% matches Colorado's state average precisely, placing it squarely in the middle of the state's tax burden. The county's median property tax of $4,450 is substantially higher than the state median of $1,560 due to Pitkin's median home value of $1.13 million—the highest among these eight counties.
Lower tax rate, far higher home values
Pitkin County's 0.393% rate is lower than Phillips County (0.495%) and Pueblo County (0.508%), but its median home value of $1.13 million dwarfs nearby counties, making absolute tax bills far steeper. The median Pitkin homeowner pays $4,450 yearly—three times what Phillips County residents pay—despite identical effective rates.
Aspen's steep bill: $1.13M homes
A homeowner with the median-valued property of $1,131,200 in Pitkin County pays approximately $4,450 per year in property taxes. With a mortgage, that amount drops to $3,915 due to homestead exemptions; without, it rises to $5,294.
High-value properties often overassessed
Luxury properties in counties like Pitkin are frequently overassessed relative to actual market sales, and homeowners should regularly verify their valuations against comparable recent transactions. At $4,450 annually, even a small percentage error in assessment can cost thousands—making an appeal well worth the effort.