Arapahoe, Colorado Property Taxes
The median property tax rate in Arapahoe, CO is 0.57%, slightly higher than the Colorado state median of 0.55%, but still below the national median of 0.99%. With the median home value in Arapahoe at $74,098, the typical annual property tax bill is $494, which is significantly lower than the national median of $2,690. Property taxes in Arapahoe are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Arapahoe's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Arapahoe 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
Arapahoe, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$422
Ownwell’s Arapahoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arapahoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arapahoe 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 Arapahoe, Colorado
Property taxes in Arapahoe, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arapahoe is 0.57%, which is lower than both the Colorado state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Arapahoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arapahoe 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 Arapahoe's effective property tax rate to other counties in Colorado and the national median. For comparison, the zip code 80802 has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Arapahoe 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 Arapahoe Tax Rate
0.57%
Average Cheyenne County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arapahoe, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80802 | 0.34% | 0.34% | 0.57% | 0.90% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Arapahoe, Colorado
In Arapahoe, 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 Cheyenne 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 Arapahoe, 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. Being aware of these valuation processes in Arapahoe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arapahoe Assessed Value
$74,098
Average Cheyenne County Assessed Value
$55,241
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arapahoe, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80802 | $5,442 | $18,422 | $74,098 | $134,597 | $199,172 |
Source: Ownwell
Property Tax Bills Across Arapahoe, Colorado
Property tax bills in Arapahoe, located in Cheyenne County, Colorado, 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 property's market value. For homeowners in Arapahoe, the median home price stands at $74,098. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Several factors influence the property tax bill, including the property's location, size, and overall condition. In Arapahoe, property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $131, while at the 75th percentile, it rises to $1,063. At the 90th percentile, homeowners could see tax bills as high as $1,701. These property taxes fund essential local services such as schools, public safety, and infrastructure. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Arapahoe might find their property tax bills relatively manageable, depending on their property's assessed value and specific circumstances.
Average Arapahoe Tax Bill
$494
Average Cheyenne County Tax Bill
$407
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Arapahoe, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80802 | $49 | $131 | $494 | $1,063 | $1,701 |
Source: Ownwell