Golden, Colorado Property Taxes
The median property tax rate in Golden, CO is 0.62%, which is higher than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Golden at $561,264, the typical annual property tax bill reaches $3,533, exceeding the national median of $2,690. Property taxes in Golden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Golden'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 Golden 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
Golden, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$3,480
Ownwell’s Golden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golden 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 Golden, Colorado
Property taxes in Golden, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden is 0.62%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Golden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden 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 Golden's effective property tax rate to other areas in Colorado and the national median. For comparison, the 80401 zip code has the highest median property tax rate of 0.63%, while the 80403 zip code has the lowest median tax rate of 0.60%. Understanding how these areas compare with Golden provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Golden Tax Rate
0.62%
Average Jefferson County Tax Rate
0.66%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80401 | 0.51% | 0.60% | 0.63% | 0.69% | 0.72% |
| 80403 | 0.52% | 0.60% | 0.60% | 0.66% | 0.86% |
| 80419 | N/A | N/A | N/A | N/A | N/A |
| 80433 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Golden, Colorado
In Golden, 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 Jefferson 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 Golden, 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 Golden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill is $3,536 in the 80401 zip code, while the lowest is $3,524 in the 80403 zip code.
Average Golden Assessed Value
$561,264
Average Jefferson County Assessed Value
$436,276
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golden, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80401 | $195,724 | $379,514 | $549,554 | $736,982 | $902,603 |
| 80403 | $333,634 | $434,956 | $581,518 | $751,282 | $933,566 |
| 80419 | N/A | N/A | N/A | N/A | N/A |
| 80433 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Golden, Colorado
In Golden, Jefferson County, CO, 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 market value of the property. Homeowners in Golden can expect to see variations in their property tax bills depending on several factors, including the market value of their home and the specific tax rates applied by local taxing authorities. For instance, the median home price in Golden is $561,264. Property tax bills can vary significantly, with the 25th percentile tax bill at $2,444 and the 75th percentile reaching $4,903. The 90th percentile tax bill can be as high as $6,439. The highest median tax bill in the area is $3,536 in the 80401 zip code, while the lowest is $3,524 in the 80403 zip code. These figures impact homeowners by influencing their annual financial obligations and potentially affecting their overall cost of living. Comparing these rates to the national median property tax rate of 0.99% provides context for understanding local tax burdens.
Average Golden Tax Bill
$3,533
Average Jefferson County Tax Bill
$2,797
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80401 | $1,221 | $2,360 | $3,536 | $4,818 | $6,154 |
| 80403 | $1,903 | $2,558 | $3,524 | $5,150 | $6,892 |
| 80419 | N/A | N/A | N/A | N/A | N/A |
| 80433 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell