Brighton, Colorado Property Taxes
The median property tax rate in Brighton, CO is 0.60%, slightly higher than the Colorado state median of 0.55% but still below the national median of 0.99%. With a median home value of $545,000 in Brighton, the typical annual property tax bill amounts to $3,339, surpassing the national median of $2,690. Property taxes in Brighton are determined based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Brighton's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether residing in the heart of Brighton or another part of the city, gaining insight into the local property tax system is crucial for financial planning and investment strategies.
Last Updated June 14, 2024
Brighton, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$3,270
Ownwell’s Brighton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brighton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brighton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brighton, Colorado
Property taxes in Brighton, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brighton is 0.60%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Brighton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brighton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Brighton's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80640 zip code has the highest median property tax rate of 0.86%, while the 80603 zip code has the lowest median tax rate of 0.51%. Understanding how these cities compare with Brighton provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brighton Tax Rate
0.60%
Average Adams County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brighton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80601 | 0.44% | 0.55% | 0.61% | 0.84% | 0.89% |
| 80602 | 0.42% | 0.47% | 0.61% | 0.65% | 0.73% |
| 80603 | 0.39% | 0.45% | 0.51% | 0.63% | 0.74% |
| 80640 | 0.53% | 0.85% | 0.86% | 0.87% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Brighton, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brighton, Colorado. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Adams County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Brighton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the highest median tax bill in the area is $4,442 in the 80603 zip code, while the lowest is $3,085 in the 80601 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Brighton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brighton Assessed Value
$545,000
Average Adams County Assessed Value
$489,000
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brighton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80601 | $354,000 | $417,000 | $515,000 | $591,000 | $653,000 |
| 80602 | $456,000 | $527,000 | $784,500 | $951,250 | $1,089,000 |
| 80603 | $660,000 | $776,000 | $859,420 | $969,686 | $1,141,000 |
| 80640 | $485,000 | $498,000 | $509,000 | $521,500 | $531,000 |
Source: Ownwell
Property Tax Bills Across Brighton, Colorado
In Brighton, Adams County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Brighton is $545,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, home improvements, and changes in market conditions can influence the assessed value. Homeowners in Brighton can expect their tax bills to vary. For instance, the 25th percentile tax bill is around $2,545, while the 75th percentile tax bill is approximately $4,796. At the higher end, the 90th percentile tax bill reaches up to $5,785. The highest median tax bill in the area is $4,442 in the 80603 zip code, whereas the lowest median tax bill is $3,085 in the 80601 zip code. Compared to the national median property tax rate of 0.99%, Brighton's property tax rates and bills reflect the local economic conditions and property values, impacting homeowners' annual financial obligations significantly.
Average Brighton Tax Bill
$3,339
Average Adams County Tax Bill
$2,770
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Brighton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80601 | $1,841 | $2,343 | $3,085 | $4,506 | $5,309 |
| 80602 | $2,706 | $3,119 | $4,031 | $5,710 | $6,550 |
| 80603 | $3,056 | $3,635 | $4,442 | $5,675 | $6,455 |
| 80640 | $3,410 | $4,299 | $4,362 | $4,431 | $4,486 |
Source: Ownwell