81611 Property Tax Rate

Property owners in ZIP code 81611 (Aspen, Colorado) pay a median of $5,006/year in property taxes on homes valued at $1,243,500. This translates to an effective tax rate of 0.40%, which is 3% below the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 81611 is approximately $417, which factors into escrow payments on mortgages. This ZIP code is located within Pitkin County. This is $3,124 more than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 81611 has lower property taxes. ZIP codes with similar effective rates include 81069 (0.40%) and 80515 (0.40%).

In Aspen, property taxes represent approximately 5.2% of the median household income of $95,708, providing context for the relative tax burden on homeowners in this area.

Colorado repealed the Gallagher Amendment in 2020, meaning your Pitkin County property will be assessed at full market value at sale with no statewide increase cap going forward. The Senior Homestead Exemption applies to Pitkin County residents 65+ in their home 10+ years, reducing assessed value on your high-value property — file with the Pitkin County Assessor as soon as you qualify. Schedule a meeting with the Pitkin County Assessor's office within 60 days of purchase to review your assessment notice and file for any available exemptions.