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Updated 2025 Tax Year

Park County
Property Tax Guide

Everything you need to know about property taxes in Park County, CO. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
Approximately 1.40% of assessed value, varies by district (range 1.2%-1.6%)
Exemptions
5+ Available
Section 1

How Property Tax Works

Park County, Colorado operates under the state's property tax system to fund essential local services including schools, fire protection, road maintenance, library services, and county government operations. Property taxes are administered by the Park County Assessor and Treasurer, with the Colorado Division of Property Taxation providing state oversight and standardization.

The effective property tax rate in Park County varies significantly by location due to multiple overlapping special taxing districts. For 2025, the estimated combined rate is approximately 1.40% of assessed value, though actual rates can range from roughly 1.2% to 1.6% depending on your specific location within the county and which special districts serve your property. Residential properties are assessed at 7.96% of appraised market value, while most commercial properties are assessed at 29% of appraised value. Since your actual tax bill depends on both the county-wide levies and the specific fire district, school district, library district, and other special districts that serve your property address, residents should verify their exact rate with the Park County Assessor's office.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $1,000 assessed value)Description
County General Fund~$8.50Basic county services, administration, courts
School Districts~$4.20Varies by district (Platte Canyon, Park County RE-1)
Fire Protection~$1.80Varies by fire district serving your area
Library District~$0.45Park County Library system
Cemetery District~$0.15Cemetery maintenance and operations
Special AssessmentsVariableRoad improvements, bonds, other districts
Total Estimated~$13.98Actual rate varies by location

Rates shown are estimates for levy year 2025 and vary significantly based on your property's location within Park County. Properties may be served by different combinations of fire districts, school districts, and other special taxing districts. Contact the Park County Assessor at (719) 836-4333 for your exact tax rate breakdown.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Park County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental property taxes in Park County occur when there are mid-year changes to property ownership, new construction completion, or significant property improvements that increase assessed value. When you purchase property, complete new construction, or finish major renovations, a supplemental tax bill covers the difference between the old and new assessed values for the remaining portion of the tax year.

For example, if you purchase a home in Park County in September that was previously assessed at $200,000 but now appraises at $300,000, you would receive a supplemental tax bill for the increased assessed value ($300,000 × 7.96% = $23,880 assessed, minus the previous $200,000 × 7.96% = $15,920 assessed = $7,960 additional assessed value) multiplied by your area's tax rate, prorated for October through December (3 months). With a 1.40% effective rate, this would result in approximately $332 in supplemental taxes ($7,960 × 0.014 × 3/12 months).

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value: $300,000 × 7.96% = $23,880
  • Less: Senior Homestead Exemption*: -$0 to -$238 (if qualified)
  • Net Taxable Value: ~$23,880
  • Annual Tax: $23,880 × 0.014 = $334
  • Monthly Escrow: ~$28

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value: $600,000 × 7.96% = $47,760
  • Less: Senior Homestead Exemption*: -$0 to -$238 (if qualified)
  • Net Taxable Value: ~$47,760
  • Annual Tax: $47,760 × 0.014 = $669
  • Monthly Escrow: ~$56

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value: $1,000,000 × 7.96% = $79,600
  • Less: Disabled Veteran Exemption*: -$0 to -$795 (if qualified)
  • Net Taxable Value: ~$79,600
  • Annual Tax: $79,600 × 0.014 = $1,114
  • Monthly Escrow: ~$93

*All tax credits require annual application and income/eligibility verification. Credits shown are estimates and actual amounts depend on funding availability and qualification criteria.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Park County require property tax escrow accounts, collecting monthly payments along with your mortgage payment to ensure taxes are paid on time. Your lender will typically collect 1/12th of your estimated annual property tax bill each month, plus an additional cushion amount (usually 2 months) as required by federal regulations.

Park County property taxes are paid in two installments: the first half is due February 28th, and the second half is due June 15th. Alternatively, you can pay the full year's taxes by April 30th. Your mortgage servicer will receive tax bills directly from Park County and make payments from your escrow account according to this schedule. It's important to review your annual escrow analysis statement to ensure adequate funds are being collected, as tax rates and assessed values can change yearly. If you pay your own taxes without escrow, you can verify payment options and current balances through the Park County Treasurer's office at (719) 836-4334.

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Section 6

Frequently Asked Questions

Q: When are property taxes due in Park County for 2025? A: First-half payment is due February 28, 2025, second-half is due June 15, 2025, or pay in full by April 30, 2025.

Q: What tax credits are available and do I need to apply? A: Senior Homestead Credit (limits assessment increases, requires application and income under $15,000), Disabled Veteran Credit (requires VA rating documentation), and Gold Star Spouse Credit are available. All credits require annual application through the Park County Assessor's office by the deadline.

Q: How does the Senior Homestead Credit work? A: This credit caps assessment increases to 50% of the general statewide average assessment increase, helping limit tax growth for qualifying seniors. It does NOT reduce your home's market value but limits how much your assessed value can increase year-over-year. You must apply annually and meet income requirements.

Q: When does Park County reassess property values? A: Colorado law requires reassessment every two years. The most recent reassessment was for tax year 2023, with the next scheduled for 2025. You can appeal your assessment within 30 days of the Notice of Valuation.

Q: What happens if I pay my property taxes late? A: Interest accrues at 1% per month on unpaid balances after the due date. Additional penalties may apply, and unpaid taxes can eventually result in tax lien sales.

Q: Can I pay my Park County property taxes online? A: Yes, Park County offers online payment options through their website. Contact the Treasurer's office at (719) 836-4334 for current online payment procedures and accepted methods.

Q: How do special district taxes affect my bill? A: Your property may be served by multiple special districts (fire, library, cemetery, etc.) that each levy taxes for specific services. The combination of districts serving your address determines your total tax rate, which is why rates vary throughout Park County.

Q: What if I disagree with my property assessment? A: You can appeal to the Park County Board of Equalization within 30 days of receiving your Notice of Valuation. If unsatisfied with that decision, you can further appeal to the Board of Assessment Appeals. Contact the Assessor's office at (719) 836-4333 for appeal procedures and deadlines.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
County
Property Taxes | Park County, COparkcountyco.gov
02
Tax Doc
Understanding Property Taxes in Coloradodpt.colorado.gov
03
County
Reappraisal and Appeal Process | Park County, COparkcountyco.gov
04
Tax Doc
Colorado Legislature Meets to Address Property Tax Reliefparkcountyco.gov
05
Tax Doc
Property Tax Deferral Programparkcountyco.gov
06
Tax Doc
Tax Notice Delay Due to Legislative Changesparkcountyco.gov
07
Tax Doc
Senior Citizens Property Tax Exemptionparkcountyco.gov
08
Application for Exemption of Property Instructionsparkcountyco.gov
09
Application for Exemption of Property Form Aparkcountyco.gov
10
County
County Budgetparkcountyco.gov
All sources verified as of 2025 Tax Year

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