Aurora, Colorado Property Taxes
The median property tax rate in Aurora, CO is 0.55%, which aligns with the Colorado state median but is lower than the national median of 0.99%. With the median home value in Aurora at $470,600, the typical annual property tax bill amounts to $2,489, falling below the national median of $2,690. Property taxes in Aurora are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Aurora'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 Aurora or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aurora, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,588
Ownwell’s Aurora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aurora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aurora 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 Aurora, Colorado
Property taxes in Aurora, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aurora is 0.55%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Aurora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aurora 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 Aurora's effective property tax rate to other areas in Colorado and the national median. For comparison, the zip code 80247 has both the highest and lowest median property tax rate in the county, at 0.55%. Understanding how these areas compare with Aurora provides valuable insights into the varying tax landscape across Denver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aurora Tax Rate
0.55%
Average Denver County Tax Rate
0.55%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aurora, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80247 | 0.42% | 0.53% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Aurora, Colorado
In Aurora, 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's 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 Aurora, 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 median home price in Aurora is $470,600, with the 25th percentile tax bill at $2,248 and the 75th percentile tax bill at $2,840. The highest median tax bill is $2,489 in the 80247 zip code, which is also the lowest median tax bill. 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 Aurora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Aurora Assessed Value
$470,600
Average Denver County Assessed Value
$435,200
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aurora, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80247 | $377,100 | $409,450 | $470,600 | $540,225 | $641,850 |
Source: Ownwell
Property Tax Bills Across Aurora, Colorado
In Aurora, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For instance, if a home has a market value of $470,600, the assessed value will be a fraction of this amount, as specified by local regulations. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the final tax bill, including property location within Aurora, any applicable exemptions, and the specific tax rate in Denver County. Homeowners in Aurora can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is around $2,248, while the 75th percentile reaches $2,840. At the higher end, the 90th percentile tax bill is approximately $3,837. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making them a crucial aspect of homeownership in Aurora.
Average Aurora Tax Bill
$2,489
Average Denver County Tax Bill
$2,449
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Aurora, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80247 | $1,794 | $2,248 | $2,489 | $2,840 | $3,837 |
Source: Ownwell