81621 Property Tax Rate

Property owners in ZIP code 81621 (Basalt, Colorado) pay a median of $5,421/year in property taxes on homes valued at $1,138,500. This translates to an effective tax rate of 0.48%, which is 15% above the Colorado state average of 0.42%.

The monthly property tax burden for a median-valued home in 81621 is approximately $452, which factors into escrow payments on mortgages. This ZIP code is located within Eagle County. This is $3,539 more than the Colorado average of $1,882/year.

Compared to similar ZIP codes in Colorado, 81621 has higher property taxes. ZIP codes with similar effective rates include 80026 (0.48%) and 80465 (0.48%).

In Basalt, property taxes represent approximately 5.2% of the median household income of $103,721, providing context for the relative tax burden on homeowners in this area.

Colorado repealed the Gallagher Amendment in 2020, so Eagle County will reassess your property at purchase price with no state-mandated cap on future growth. Homeowners age 65+ who have occupied their primary residence for 10+ years qualify for the Senior Homestead Exemption, which reduces taxable value — submit your application to the Eagle County Assessor. Contact the Eagle County Assessor's office before the next tax assessment cycle to apply for senior relief if you meet the 65+ and 10-year residency test.