Summit County, Colorado Property Taxes
Census Bureau ACS property tax data for Colorado. Population: 8,546.
The median annual property tax in Summit County is $2,641, which is 69% higher than the Colorado state average and 37% above the national average. The effective tax rate is 0.31% on a median home value of $850,700. Property taxes represent 2.5% of the median household income in this county.
Median Annual Tax
$2,641
+69% vs State
+37% vs US
Median Home Value
$850,700
+114% vs State
+302% vs US
Effective Tax Rate
0.31%
-21% vs State
-67% vs US
With vs Without Mortgage
With Mortgage
$2,527
$211/mo
Without Mortgage
$2,951
$246/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $2,641 +10.3% | 0.31% |
| 2022 | $2,395 +10.2% | 0.32% |
| 2021 | $2,174 +10.8% | 0.34% |
| 2020 | $1,962 +4.5% | 0.33% |
| 2019 | $1,877 | 0.32% |
Tax Burden
Tax-to-Income Ratio
2.5%
of median household income
Median Income
$106,255
per year
Monthly Tax
$220
per month
Other Counties in Colorado
Phillips County
Tax: $1,263/yr Rate: 0.49%
Jefferson County
Tax: $2,867/yr Rate: 0.47%
Custer County
Tax: $1,300/yr Rate: 0.36%
Adams County
Tax: $2,770/yr Rate: 0.60%
Garfield County
Tax: $2,095/yr Rate: 0.43%
La Plata County
Tax: $1,452/yr Rate: 0.26%
Frequently Asked Questions
What is the average property tax in Summit County, Colorado? ▼
The median annual property tax in Summit County is $2,641 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.31% on a median home value of $850,700.
How does Summit County property tax compare to the national average? ▼
Property taxes in Summit County are 37% above the national average of $1,923. The effective rate of 0.31% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Summit County? ▼
In Summit County, homeowners with a mortgage pay a median of $2,527 in annual property taxes, while homeowners without a mortgage pay $2,951. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Summit County? ▼
Property taxes in Summit County represent approximately 2.5% of the median household income of $106,255. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.