Aurora, Colorado Property Taxes
The median property tax rate in Aurora, CO is 0.90%, slightly lower than the national median of 0.99% but significantly higher than Colorado's state median of 0.55%. With a median home value of $576,863 in Aurora, the typical annual property tax bill reaches $5,159, which is well above the national median of $2,690. Property taxes in Aurora 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 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, understanding 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
0.9%
Estimate Property Tax Bill
$5,192
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aurora is 0.90%, which is slightly below 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 counties in Colorado and the national median. For comparison, the 80016 zip code has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Aurora provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aurora Tax Rate
0.90%
Average Douglas County Tax Rate
0.64%
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 |
|---|---|---|---|---|---|
| 80016 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
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 Douglas 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 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. 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. The highest median tax bill in Aurora is $5,159 in the 80016 zip code, while the lowest median tax bill is also $5,159 in the same zip code.
Average Aurora Assessed Value
$576,863
Average Douglas County Assessed Value
$496,355
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 |
|---|---|---|---|---|---|
| 80016 | $124,417 | $514,191 | $576,863 | $640,600 | $700,652 |
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 Douglas County Assessor. The assessed value is a percentage of the property's market value, which in Aurora, with a median home price of $576,863, can lead to significant tax bills. Various factors influence the final tax bill, including the property's location, improvements, and any applicable exemptions or abatements. For homeowners in Aurora, the tax bill can vary widely. For instance, the 25th percentile tax bill is $4,583, while the 75th percentile reaches $5,724, and the 90th percentile can go up to $6,264. The highest median tax bill in the area is $5,159, specifically in the 80016 zip code. These figures highlight how property taxes in Aurora can impact homeowners differently, depending on their property's assessed value and the area in which they live. Compared to the national median property tax rate of 0.99%, Aurora's rates reflect the local economic factors and property values.
Average Aurora Tax Bill
$5,159
Average Douglas County Tax Bill
$3,328
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 |
|---|---|---|---|---|---|
| 80016 | $2,836 | $4,583 | $5,159 | $5,724 | $6,264 |
Source: Ownwell