Littleton, Colorado Property Taxes
The median property tax rate in Littleton, CO is 0.71%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $452,800 in Littleton, the typical annual property tax bill amounts to $3,206, surpassing the national median of $2,690. Property taxes in Littleton are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Littleton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Littleton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Littleton, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$3,215
Ownwell’s Littleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Littleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Littleton 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 Littleton, Colorado
Property taxes in Littleton, Colorado, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Littleton is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Littleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Littleton 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 Littleton's effective property tax rate to other areas in Arapahoe County and the national median. For comparison, the 80121 zip code has the highest median property tax rate of 0.79%, while the 80120 zip code has the lowest median tax rate of 0.71%. Understanding how these areas compare with Littleton provides valuable insights into the varying tax landscape across Arapahoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Littleton Tax Rate
0.71%
Average Arapahoe County Tax Rate
0.70%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Littleton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80120 | 0.55% | 0.71% | 0.71% | 0.71% | 0.71% |
| 80121 | 0.59% | 0.70% | 0.79% | 0.80% | 0.80% |
| 80122 | 0.56% | 0.71% | 0.71% | 1.11% | 1.11% |
| 80123 | 0.60% | 0.73% | 0.76% | 0.82% | 0.85% |
| 80128 | 0.66% | 0.71% | 0.76% | 0.84% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Littleton, Colorado
In Littleton, Colorado, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Arapahoe County Assessor 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 Littleton, 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. Littleton's median home price stands at $452,800, with tax bills varying significantly. For example, the highest median tax bill is $5,570 in zip code 80128, while the lowest median tax bill is $3,072 in zip code 80120. 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 Littleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Littleton Assessed Value
$452,800
Average Arapahoe County Assessed Value
$387,300
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Littleton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80120 | $275,510 | $369,100 | $443,000 | $538,625 | $686,990 |
| 80121 | $337,900 | $364,425 | $426,250 | $658,025 | $1,772,464 |
| 80122 | $403,200 | $435,300 | $467,000 | $510,275 | $575,430 |
| 80123 | $296,720 | $333,200 | $465,650 | $863,290 | $1,308,550 |
| 80128 | $429,470 | $523,900 | $729,300 | $1,056,725 | $1,667,640 |
Source: Ownwell
Property Tax Bills Across Littleton, Colorado
In Littleton, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the Arapahoe County Assessor's Office. The assessed value is a percentage of the home's market value, and this rate can vary. For example, with a median home price of $452,800, the assessed value is then multiplied by the local tax rate to determine the tax bill. Several factors influence the final tax bill, including property location, improvements, and any applicable exemptions. In Littleton, the tax bill can range significantly; the 25th percentile tax bill is around $2,573, while the 75th percentile reaches $4,344. At the 90th percentile, homeowners may see tax bills as high as $6,883. The highest median tax bill in the area is $5,570 in the 80128 zip code, whereas the lowest is $3,072 in the 80120 zip code. These variations can significantly impact homeowners, influencing their financial planning and long-term investment in property.
Average Littleton Tax Bill
$3,206
Average Arapahoe County Tax Bill
$2,536
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Littleton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80120 | $1,885 | $2,434 | $3,072 | $3,767 | $4,772 |
| 80121 | $2,515 | $2,823 | $3,316 | $4,844 | $12,239 |
| 80122 | $2,553 | $3,138 | $3,545 | $4,644 | $5,874 |
| 80123 | $2,149 | $2,619 | $3,391 | $6,766 | $11,302 |
| 80128 | $3,425 | $4,384 | $5,570 | $7,787 | $12,667 |
Source: Ownwell