Englewood, Colorado Property Taxes
The median property tax rate in Englewood, CO is 0.52%, notably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Englewood at $420,300, the typical annual property tax bill amounts to $2,315, which is below the national median of $2,690. Property taxes in Englewood are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Englewood'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 Englewood 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
Englewood, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$2,186
Ownwell’s Englewood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Englewood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Englewood 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 Englewood, Colorado
Property taxes in Englewood, CO, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Englewood is 0.52%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Englewood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Englewood 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 Englewood's effective property tax rate to other areas in Arapahoe County and the national median. For comparison, the 80112 zip code has the highest median property tax rate of 0.72%, while the 80110 zip code has the lowest median tax rate of 0.51%. Understanding how these areas compare with Englewood 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 Englewood Tax Rate
0.52%
Average Arapahoe County Tax Rate
0.70%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Englewood, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80010 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
| 80110 | 0.39% | 0.50% | 0.51% | 0.51% | 0.65% |
| 80111 | 0.59% | 0.62% | 0.66% | 0.71% | 0.71% |
| 80112 | 0.67% | 0.71% | 0.72% | 0.73% | 0.78% |
| 80113 | 0.42% | 0.51% | 0.51% | 0.62% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Englewood, Colorado
In Englewood, 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 Appraisal District 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 Englewood, 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. Englewood's highest median tax bill is $4,364 in the 80111 zip code, while the lowest median tax bill is $1,899 in the 80110 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Englewood Assessed Value
$420,300
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 Englewood, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80010 | $429,200 | $429,200 | $429,200 | $429,200 | $429,200 |
| 80110 | $234,990 | $316,700 | $367,700 | $418,000 | $487,700 |
| 80111 | $272,500 | $512,125 | $646,050 | $882,400 | $1,155,760 |
| 80112 | $1,409 | $256,000 | $314,700 | $406,950 | $477,000 |
| 80113 | $338,690 | $386,000 | $475,200 | $1,182,400 | $2,320,800 |
Source: Ownwell
Property Tax Bills Across Englewood, Colorado
In Englewood, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For instance, with a median home price of $420,300, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,835, while the 75th percentile reaches $3,866. In some cases, tax bills can go as high as $8,105, particularly in areas with higher assessed values. Several factors influence these tax bills, including property location within different zip codes. For example, the highest median tax bill in Englewood is $4,364 in the 80111 zip code, while the lowest median tax bill is $1,899 in the 80110 zip code. These variations can significantly impact homeowners, affecting their annual financial planning and potentially influencing decisions about buying or selling property in the area.
Average Englewood Tax Bill
$2,315
Average Arapahoe County Tax Bill
$2,536
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Englewood, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80010 | $2,795 | $2,795 | $2,795 | $2,795 | $2,795 |
| 80110 | $1,152 | $1,541 | $1,899 | $2,229 | $2,591 |
| 80111 | $1,726 | $3,234 | $4,364 | $5,906 | $7,609 |
| 80112 | $1,835 | $2,017 | $2,442 | $3,018 | $3,501 |
| 80113 | $1,606 | $1,902 | $2,369 | $7,512 | $15,260 |
Source: Ownwell