Colorado · County property tax · ACS 2024
Summit County Property Taxes
The median homeowner in Summit County pays $2,995 a year, an effective rate of 0.32%, far above the U.S. average.
- $2,995
- Median tax / yr · High bill
- 0.32%
- Effective rate · Very low rate
- +50%
- vs U.S. average
- #49 of 64
- rank in CO
The verdict
Homeowners in Summit County pay a median $2,995 a year in property tax, an effective rate of 0.32%, more affordable than 97% of U.S. counties (Census ACS 2024).
- $2,995
- Median annual tax bill, 2024
- 0.32%
- Effective rate on median home
- #99 of 3135
- U.S. counties by tax burden
- +50%
- vs the national average bill
Effective rate is the median property tax bill divided by the median home value ($939,900). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
Census Bureau ACS property tax data for Colorado. Population: 31,017. Owner-occupied homes: 9,040.
The median annual property tax in Summit County is $2,995, which is 15% higher than the Colorado state average and 50% above the national average. The effective tax rate is 0.32% on a median home value of $939,900. Property taxes represent 2.7% of the median household income in this county.
Summit County's rate standing among U.S. counties
Primary signal
The effective rate is a national tailwind
Summit County's 0.32% effective rate is among the lowest of 3,135 tracked counties: roughly 97% pay a higher rate.
Decision signal 2
The bill sits well above the national median
Homeowners in Summit County pay a median annual property tax of $2,995, far above the national median and notably higher than the Colorado state median. On a $939,900 median home, that works out to an effective rate of 0.32% once the local assessment base and millage are combined.
Decision signal 3
High among Colorado counties by effective rate
Summit County ranks #49 of 64 counties in Colorado by effective rate (23% of in-state counties pay a lower rate).
Decision signal 4
The latest release moved the bill up
Since 2023, the published ACS median estimate has climbed 13.4%, from $2,641 to $2,995. This compares two release estimates; it does not identify a local policy, assessment, exemption, or household-bill cause.
Decision signal 5
Income and the tax bill sit in the middle band
Property taxes in Summit County run within the commonly cited 2%-4% national benchmark, at about 2.7% of the $109,773 median household income.
Informational notice
Figures describe the median homeowner household in Summit County as reported to the Census Bureau; your parcel can differ. Not tax, legal, or financial advice: check the county assessor or a qualified professional before decisions that depend on these numbers.
How to read this county's bill
The bill here climbed steeply over 2020-2024, up 53% from $1,962 to $2,995. These ACS medians describe the reported change; they do not identify whether a levy, assessment, home value, or change in the responding households caused it.
The heaviest band is also the fullest one here: 4,498 of 9,040 owner-occupied homes (49.8%) report annual real-estate taxes above $3,000. That band has no upper edge in the source, so the county median understates the burden carried by the plurality rather than describing it.
The most forgiving PAIRING in the data, top-quartile household income with a bottom-quartile effective rate, puts the median bill at 2.7% of median household income. Home values still drive the dollar figure, which is why the ratio above varies widely among counties that share this position.
The share above is the median annual bill divided by median household income, a ratio of two county-level medians rather than a household-by-household figure.
What Summit County Homeowners Actually Pay
The single largest group of Summit County homeowners, 4,498 of 9,040 owner-occupied homes (49.8%), pays $3,000 or more a year. The median is one point in this spread, not a typical bill.
- Less than $800 8.1% (734)
- $800 to $1,499 12.1% (1,094)
- $1,500 to $1,999 10.0% (907)
- $2,000 to $2,999 19.7% (1,782)
- $3,000 or more 49.8% (4,498)
Census ACS 2024, table B25102. Bands and the no-tax share sum to 100%.
With vs Without Mortgage
In Summit County, mortgaged homeowners actually pay 23% less than those without a mortgage, a mild inversion from the national norm worth cross-checking against the historical table above.
Summit County's effective rate vs peers
Effective property tax rate (median tax ÷ median home value), ACS 2024.
Summit County's effective rate is higher than 23% of the 64 counties in Colorado - ranking #49 of 64.
Where Summit County sits among every U.S. county
Effective property tax rate (median tax ÷ median home value)
0.32% Among the most affordable more affordable than 97% of 3,135 U.S. counties
Show national distribution
Each bar is a band; taller bars hold more U.S. counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2024
A low rate, a bigger bill
Summit County taxes property at 0.32%, roughly 33% below the Colorado average, and still bills a median $2,995, about 15% above the state figure. Because the effective rate is the bill divided by the home's value, that combination means local home values run well ahead of the state norm: a gentler rate applied to a larger base.
Summit County vs Benchmarks
| Metric | Summit County | Colorado Avg | U.S. Avg |
|---|---|---|---|
| Median Annual Tax High bill | |||
| Effective Tax Rate Very low rate | |||
| Median Home Value | |||
| Tax as % of income Above-median income burden | 2.7% | - | - |
Source: U.S. Census Bureau, ACS 5-Year Estimates. Tax-burden differences across rows reflect millage decisions, assessment-ratio practices, and the residential-vs-commercial mix of each tax base.
Summit County is QUIET · MID on ACS medians, still verify your parcel card before quoting the county figure. Estimate appeal savings · Colorado counties.
Summit County rate trail · QUIET
| Year | Median Tax (vs prior release) | Effective Rate |
|---|---|---|
| 2024 | $2,995 +13.4% | 0.32% |
| 2023 | $2,641 +10.3% | 0.31% |
| 2022 | $2,395 +10.2% | 0.32% |
| 2021 | $2,174 +10.8% | 0.34% |
| 2020 | $1,962 | 0.33% |
Each row is a separate ACS 5-year release, and consecutive releases share four of their five survey years. The percentage beside each bill is therefore movement in the published estimate against the previous release, not a single year's tax change. The two releases largely describe the same households. For change over time, compare releases that do not overlap.
Summit County: tax-to-income at 2.7%
Counties near Summit County's effective rate
On effective rate, Summit County sits nearest Stone County (AR), Montgomery County (AR), Winston County (AL).
On published median-tax change, the nearest matches are Meagher County (MT), Tooele County (UT), Grayson County (TX).
How peers are chosen
These are the nearest cross-state matches in the published Census data, not neighboring counties or recommendations. Peers are rebuilt with each data release; see the calculation method.
Similar effective rates
Similar published median-tax changes, 2020–2024
Summit County: only 13% of returns show Schedule A real-estate tax
Tax year 2022: 2,390 of 18,050 returns from Summit County reported real estate taxes, averaging $5,616 - 43% of those reporters sat in the $200k+ AGI band.
What this IRS county file does not say
Amounts are reported before the SALT cap, not deducted; the share is of filers, not homeowners. Source: IRS SOI county data, tax year 2022.
Other Counties in Colorado
Summit County rate FAQs
- How does Summit County property tax compare to the national average?
- Property taxes in Summit County run far above the national median of $1,993, an effective rate of 0.32% versus 0.92% nationally.
- What is the average property tax in Summit County, Colorado?
- The median annual property tax in Summit County is $2,995, an effective rate of 0.32% on a $939,900 median home (Census ACS, 2024).
- Are property taxes increasing in Summit County?
- The ACS median property-tax bill for Summit County is recorded at $2,995 in the 2024 5-year release against $1,962 in 2020. That is a large swing, and it should be read as movement in a survey estimate rather than as a tax change: the median here rests on about 9,040 owner-occupied homes, and swings above 50% are roughly twelve times more common in the smallest counties than in the largest. Treat the two figures as imprecise and check the county assessor for actual rate changes.
- What is the tax affordability score for Summit County?
- Summit County, Colorado scores C (59/100) on PlainPropertyTax's tax affordability composite across 5 Census ACS dimensions (effective rate, bill size, income share, mortgage gap, and home-value/income). Its strongest scored dimension here is rate relief at A+ (0.32%). The score compares published county medians to U.S. percentiles, it is not a personal bill and not advice to buy, sell, appeal, or relocate.
- What percentage of income goes to property taxes in Summit County?
- Property taxes in Summit County run within the commonly cited 2%-4% national benchmark, at about 2.7% of the $109,773 median household income.
What to do with Summit County's QUIET rate
Summit County's $2,995 median bill sits well above the U.S. median - size a personal estimate before treating the county headline as your budget. Estimate your bill →
Summit County ranks #49 of 64 Colorado counties by effective rate - on the lower-burden half of the state ACS set. Colorado overview →
Nationwide peers by effective rate (then bill)
Rate-first peers for Summit County's QUIET effective rate, then a disjoint out-of-state bill set so the two neighborhoods stay distinct.
Similar effective rate
Nearest out-of-state counties by ACS effective rate. This county: 0.32%.
Similar median bill
Nearest out-of-state counties by ACS median annual tax. This county: $2,995/yr. Rate peers are excluded so the two link sets stay distinct.
Read with Summit County
Nearest ABS(median_tax) ACS peers for Summit County (QUIET · MID), replacing the old fixed Keep exploring strip.
QUIET MID
Goodhue County, MN
ABS(median_tax) peer · $2,998/yr (near-tied bill ABS $3); rate 1.05% vs Summit County 0.32%.
Cattaraugus County, NY
ABS(median_tax) peer · $2,991/yr (near-tied bill ABS $4); rate 2.64% vs Summit County 0.32%.
Jackson County, GA
ABS(median_tax) peer · $3,000/yr (near-tied bill ABS $5); rate 0.87% vs Summit County 0.32%.
Hunt County, TX
ABS(median_tax) peer · $3,002/yr (near-tied bill ABS $7); rate 1.24% vs Summit County 0.32%.
Colorado county set
State ACS overview for every published Colorado county rate and median bill.
Assessment cycle basics
Summit County stamps QUIET · MID - how assessed value and millage become the ACS median bill.
Data vintage and method
Data as of 2024. 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.
Source: U.S. Census Bureau American Community Survey 5-Year Estimates, county median real-estate taxes · 2024 Summit County (QUIET · MID) - ACS medians, not a parcel bill.