Commerce City, Colorado Property Taxes
The median property tax rate in Commerce City, CO is 0.79%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With the median home value in Commerce City at $511,000, the typical annual property tax bill reaches $3,909, significantly exceeding the national median of $2,690. Property taxes in Commerce City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Commerce City'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 Commerce City 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
Commerce City, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell's Commerce City Property Tax Bill Calculator offers homeowners, real estate investors, and prospective buyers a quick way to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Commerce City to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making financial planning easier. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Commerce City, Colorado
Property taxes in Commerce City, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Commerce City is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Commerce City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Commerce City 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 Commerce City's effective property tax rate to other areas in Adams County and the national median. For comparison, the 80603 zip code has the highest median property tax rate of 0.83%, while the 80640 zip code has the lowest median tax rate of 0.68%. Understanding how these areas compare with Commerce City 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 Commerce City Tax Rate
0.79%
Average Adams County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Commerce City, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80003 | N/A | N/A | N/A | N/A | N/A |
| 80011 | N/A | N/A | N/A | N/A | N/A |
| 80022 | 0.42% | 0.47% | 0.78% | 0.97% | 1.12% |
| 80136 | N/A | N/A | N/A | N/A | N/A |
| 80229 | N/A | N/A | N/A | N/A | N/A |
| 80249 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
| 80601 | N/A | N/A | N/A | N/A | N/A |
| 80603 | 0.78% | 0.80% | 0.83% | 0.86% | 0.88% |
| 80640 | 0.60% | 0.62% | 0.68% | 0.88% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Commerce City, Colorado
In Commerce City, 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 Adams 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 Commerce City, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Commerce City has a wide range of tax bills, with the highest median tax bill of $4,433 in the 80603 zip code and the lowest median tax bill of $561 in the 80249 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Commerce City, Colorado
Source: Ownwell
$15,674
$674,337
$1,333,000
Average Commerce City Assessed Value
$511,000
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 Commerce City, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80003 | N/A | N/A | N/A | N/A | N/A |
| 80011 | N/A | N/A | N/A | N/A | N/A |
| 80022 | $342,000 | $383,000 | $503,000 | $581,000 | $662,000 |
| 80136 | N/A | N/A | N/A | N/A | N/A |
| 80229 | N/A | N/A | N/A | N/A | N/A |
| 80249 | $74,687 | $74,687 | $74,687 | $74,687 | $74,687 |
| 80601 | N/A | N/A | N/A | N/A | N/A |
| 80603 | $473,400 | $494,000 | $541,000 | $578,000 | $623,600 |
| 80640 | $380,000 | $469,000 | $523,000 | $570,000 | $615,000 |
Source: Ownwell
Property Tax Bills Across Commerce City, Colorado
Property tax bills in Commerce City, located in Adams County, CO, are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $511,000, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $1,900, while those in the 75th percentile face bills of approximately $5,267. The 90th percentile sees even higher taxes, reaching up to $6,383. Several factors influence these tax bills, including property location, home improvements, and local tax rates. The highest median tax bill in the area is found in the 80603 zip code, with a median of $4,433, whereas the lowest is in the 80249 zip code at $561. These variations can significantly impact homeowners, influencing decisions on purchasing and maintaining properties. Compared to the national median property tax rate of 0.99%, Commerce City's rates reflect both regional economic conditions and local government funding needs.
Average Commerce City Tax Bill
$3,909
Average Adams County Tax Bill
$2,770
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Commerce City, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80003 | N/A | N/A | N/A | N/A | N/A |
| 80011 | N/A | N/A | N/A | N/A | N/A |
| 80022 | $1,468 | $1,788 | $3,891 | $5,619 | $6,518 |
| 80136 | N/A | N/A | N/A | N/A | N/A |
| 80229 | N/A | N/A | N/A | N/A | N/A |
| 80249 | $561 | $561 | $561 | $561 | $561 |
| 80601 | N/A | N/A | N/A | N/A | N/A |
| 80603 | $4,058 | $4,202 | $4,433 | $4,684 | $4,957 |
| 80640 | $2,971 | $3,184 | $3,597 | $4,452 | $4,826 |
Source: Ownwell