Property Taxes in Colorado
The median Colorado property tax rate is 0.55%, significantly lower than the national median of 0.99%. With a median home value of $405,540, the median Colorado property tax bill is $2,283 a year. Compared to the national median annual property tax bill, this is much lower. Property taxes in Colorado are calculated based on the tax assessed value, which typically falls below the actual market value due to property tax exemptions, such as the primary residence or agriculture exemption. Understanding your county's specific property tax system, exploring property tax exemptions, and recognizing opportunities for property tax reductions can lead to significant annual tax savings. Whether you're in Denver, Colorado Springs, Boulder, or any other Colorado locale, familiarizing yourself with the property taxes in your location can benefit homeowners and investors alike.
Last Updated June 14, 2024
Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,230
$2,070
Ownwell’s Colorado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Colorado with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Colorado to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a county or city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Colorado
Property taxes in Colorado fund essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colorado is 0.55% compared to the national median property tax rate of 0.99%. The tax rate is set by local government entities and can vary widely between different areas within Colorado. Put simply, each county estimates its required budget to provide services for the upcoming year and then divides that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, that is the process followed each year. Compare a Colorado county’s effective property tax rate to other counties in Colorado or the US median property tax rate below. Kiowa County has the highest property tax rate in Colorado at 0.98%. Summit County has the lowest property tax rate in Colorado at 0.40%.
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colorado
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | 0.42% | 0.50% | 0.57% | 0.69% | 0.88% |
| Alamosa | 0.23% | 0.35% | 0.41% | 0.45% | 0.55% |
| Arapahoe | 0.50% | 0.52% | 0.70% | 0.76% | 0.90% |
| Archuleta | 0.36% | 0.43% | 0.45% | 0.45% | 0.52% |
| Baca | 0.36% | 0.60% | 0.73% | 0.77% | 1.04% |
| Bent | 0.28% | 0.43% | 0.64% | 1.09% | 1.66% |
| Boulder | 0.39% | 0.46% | 0.50% | 0.53% | 0.57% |
| Broomfield | 0.41% | 0.47% | 0.55% | 0.66% | 0.74% |
| Chaffee | 0.29% | 0.33% | 0.36% | 0.37% | 0.40% |
| Cheyenne | 0.34% | 0.54% | 0.66% | 0.66% | 0.92% |
| Clear Creek | 0.44% | 0.51% | 0.54% | 0.55% | 0.64% |
| Conejos | 0.32% | 0.48% | 0.53% | 0.64% | 0.74% |
| Costilla | 0.33% | 0.40% | 0.60% | 0.65% | 2.09% |
| Crowley | 0.26% | 0.46% | 0.57% | 0.65% | 0.66% |
| Custer | 0.35% | 0.46% | 0.46% | 0.48% | 0.53% |
| Delta | 0.28% | 0.42% | 0.45% | 0.47% | 0.53% |
| Denver | 0.48% | 0.53% | 0.55% | 0.55% | 0.69% |
| Dolores | 0.34% | 0.42% | 0.48% | 0.60% | 0.69% |
| Douglas | 0.50% | 0.60% | 0.64% | 0.76% | 0.97% |
| Eagle | 0.36% | 0.40% | 0.44% | 0.52% | 0.64% |
| Elbert | 0.42% | 0.49% | 0.56% | 0.62% | 0.99% |
| El Paso | 0.34% | 0.39% | 0.42% | 0.49% | 0.74% |
| Fremont | 0.32% | 0.40% | 0.55% | 0.60% | 0.60% |
| Garfield | 0.38% | 0.46% | 0.50% | 0.56% | 0.61% |
| Gilpin | 0.21% | 0.21% | 0.41% | 0.51% | 0.51% |
| Grand | 0.41% | 0.42% | 0.46% | 0.47% | 0.79% |
| Gunnison | 0.41% | 0.42% | 0.46% | 0.61% | 0.61% |
| Hinsdale | 0.29% | 0.29% | 0.29% | 0.34% | 0.42% |
| Huerfano | 0.30% | 0.54% | 0.60% | 0.61% | 0.63% |
| Jackson | 0.33% | 0.33% | 0.33% | 0.40% | 0.70% |
| Jefferson | 0.52% | 0.60% | 0.66% | 0.69% | 0.76% |
| Kiowa | 0.49% | 0.63% | 0.98% | 0.98% | 0.98% |
| Kit Carson | 0.52% | 0.57% | 0.57% | 0.74% | 0.85% |
| Lake | 0.62% | 0.62% | 0.63% | 0.77% | 0.77% |
| La Plata | 0.20% | 0.22% | 0.25% | 0.32% | 0.42% |
| Larimer | 0.50% | 0.55% | 0.66% | 0.67% | 0.76% |
| Las Animas | 0.18% | 0.21% | 0.33% | 0.36% | 0.41% |
| Lincoln | 0.41% | 0.49% | 0.60% | 0.72% | 0.85% |
| Logan | 0.51% | 0.54% | 0.57% | 0.58% | 0.73% |
| Mesa | 0.30% | 0.49% | 0.50% | 0.54% | 0.58% |
| Mineral | 0.44% | 0.48% | 0.48% | 0.48% | 0.58% |
| Moffat | 0.31% | 0.44% | 0.59% | 0.59% | 0.59% |
| Montezuma | 0.24% | 0.37% | 0.39% | 0.47% | 0.55% |
| Montrose | 0.47% | 0.48% | 0.49% | 0.49% | 0.51% |
| Morgan | 0.39% | 0.51% | 0.57% | 0.72% | 0.75% |
| Otero | 0.30% | 0.45% | 0.47% | 0.59% | 0.69% |
| Ouray | 0.36% | 0.38% | 0.40% | 0.42% | 0.46% |
| Park | 0.37% | 0.41% | 0.44% | 0.45% | 0.50% |
| Phillips | 0.61% | 0.71% | 0.71% | 0.74% | 0.74% |
| Pitkin | 0.22% | 0.25% | 0.26% | 0.35% | 0.65% |
| Prowers | 0.31% | 0.49% | 0.49% | 0.53% | 0.82% |
| Pueblo | 0.39% | 0.68% | 0.69% | 0.70% | 0.72% |
| Rio Blanco | 0.27% | 0.31% | 0.43% | 0.51% | 0.51% |
| Rio Grande | 0.28% | 0.44% | 0.45% | 0.55% | 0.55% |
| Routt | 0.38% | 0.38% | 0.38% | 0.48% | 0.68% |
| Saguache | 0.43% | 0.56% | 0.66% | 0.91% | 3.44% |
| San Juan | 0.24% | 0.30% | 0.32% | 0.32% | 0.40% |
| San Miguel | 0.16% | 0.21% | 0.31% | 0.37% | 0.37% |
| Sedgwick | N/A | N/A | N/A | N/A | N/A |
| Summit | 0.37% | 0.40% | 0.40% | 0.41% | 0.50% |
| Teller | 0.25% | 0.30% | 0.39% | 0.55% | 0.56% |
| Washington | N/A | N/A | N/A | N/A | N/A |
| Weld | 0.30% | 0.43% | 0.49% | 0.62% | 0.80% |
| Yuma | 0.36% | 0.52% | 0.67% | 0.71% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Colorado
When examining property taxes in Colorado, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by factors such as location, property condition, and economic market trends. Market value is estimated by each Colorado county assessor for tax purposes. The assessed value is then the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices in Colorado are sent in the spring each year. They should reach your mailbox typically by the end of April. Each property owner receives an assessment notice that contains both the market value and assessed value along with an estimate of your property tax bill. By providing insights into how assessed values and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Colorado. Pitkin County has the highest median tax bill at $4,527, while Bent County has the lowest at $221. With a median home price of $405,540, Colorado's property tax landscape varies significantly, making it essential for homeowners to stay informed.
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Colorado
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | $281,000 | $406,000 | $489,000 | $593,000 | $728,000 |
| Alamosa | $8,066 | $87,783 | $189,361 | $277,647 | $376,743 |
| Arapahoe | $222,600 | $314,600 | $387,300 | $492,500 | $660,000 |
| Archuleta | $18,348 | $151,330 | $301,050 | $445,440 | $613,118 |
| Baca | $10,497 | $19,161 | $38,447 | $74,700 | $127,803 |
| Bent | $4,305 | $10,970 | $33,984 | $114,212 | $234,998 |
| Boulder | $342,796 | $489,700 | $722,900 | $1,066,800 | $1,556,400 |
| Broomfield | $423,440 | $525,350 | $637,620 | $841,140 | $1,054,954 |
| Chaffee | $76,379 | $312,614 | $418,760 | $554,245 | $729,547 |
| Cheyenne | $5,777 | $17,344 | $55,241 | $119,384 | $202,961 |
| Clear Creek | $113,142 | $243,000 | $360,990 | $514,010 | $669,674 |
| Conejos | $6,089 | $30,959 | $89,150 | $166,192 | $268,298 |
| Costilla | $3,052 | $29,166 | $81,990 | $142,040 | $218,604 |
| Crowley | $13,719 | $38,337 | $64,606 | $104,646 | $142,652 |
| Custer | $55,838 | $117,285 | $218,072 | $339,842 | $486,258 |
| Delta | $15,710 | $118,455 | $200,311 | $288,748 | $390,348 |
| Denver | $248,300 | $333,400 | $435,200 | $612,000 | $875,000 |
| Dolores | $9,274 | $41,286 | $95,040 | $187,586 | $316,414 |
| Douglas | $309,062 | $407,723 | $496,355 | $613,244 | $794,053 |
| Eagle | $240,795 | $418,758 | $678,345 | $1,244,678 | $2,439,200 |
| Elbert | $166,596 | $338,284 | $469,640 | $585,942 | $721,166 |
| El Paso | $172,790 | $254,338 | $319,355 | $416,409 | $550,026 |
| Fremont | $11,592 | $116,442 | $205,831 | $287,599 | $394,982 |
| Garfield | $66,990 | $226,608 | $363,015 | $543,790 | $813,000 |
| Gilpin | $72,305 | $212,475 | $340,645 | $463,535 | $581,246 |
| Grand | $90,860 | $246,882 | $403,230 | $648,475 | $942,563 |
| Gunnison | $115,824 | $237,810 | $413,850 | $716,200 | $1,264,600 |
| Hinsdale | $15,136 | $38,352 | $71,470 | $120,768 | $193,338 |
| Huerfano | $18,750 | $46,431 | $83,356 | $148,516 | $237,883 |
| Jackson | $6,378 | $33,865 | $122,642 | $214,686 | $363,172 |
| Jefferson | $251,925 | $358,373 | $436,276 | $548,129 | $712,411 |
| Kiowa | $8,512 | $18,863 | $47,865 | $83,896 | $133,842 |
| Kit Carson | $8,800 | $59,467 | $118,410 | $179,256 | $280,115 |
| Lake | $22,857 | $137,436 | $254,269 | $364,543 | $479,012 |
| La Plata | $110,832 | $291,365 | $472,120 | $688,670 | $974,940 |
| Larimer | $256,500 | $326,800 | $394,000 | $497,750 | $647,000 |
| Las Animas | $32,829 | $63,681 | $103,330 | $161,128 | $240,866 |
| Lincoln | $9,707 | $49,027 | $108,229 | $184,665 | $267,764 |
| Logan | $28,987 | $83,970 | $146,235 | $223,460 | $319,509 |
| Mesa | $60,442 | $174,900 | $241,920 | $322,455 | $438,518 |
| Mineral | $35,621 | $95,939 | $196,925 | $293,986 | $429,135 |
| Moffat | $12,270 | $66,335 | $139,471 | $206,374 | $277,150 |
| Montezuma | $68,060 | $124,096 | $183,673 | $261,287 | $355,817 |
| Montrose | $168,080 | $290,350 | $398,340 | $557,540 | $763,352 |
| Morgan | $28,012 | $134,292 | $211,955 | $299,220 | $408,578 |
| Otero | $14,993 | $31,624 | $57,973 | $99,986 | $156,860 |
| Ouray | $257,100 | $476,810 | $723,215 | $1,039,708 | $1,438,660 |
| Park | $168,588 | $246,556 | $344,823 | $444,545 | $567,588 |
| Phillips | $37,823 | $88,454 | $138,922 | $208,637 | $281,322 |
| Pitkin | $231,610 | $486,475 | $1,237,200 | $3,732,850 | $7,955,590 |
| Prowers | $2,783 | $12,176 | $51,952 | $113,868 | $173,209 |
| Pueblo | $70,541 | $122,042 | $185,177 | $262,783 | $342,525 |
| Rio Blanco | $19,090 | $96,320 | $159,630 | $236,735 | $340,740 |
| Rio Grande | $23,500 | $77,552 | $142,738 | $241,894 | $381,049 |
| Routt | $173,664 | $300,152 | $507,780 | $851,182 | $1,439,411 |
| Saguache | $1,900 | $10,068 | $49,043 | $128,672 | $240,492 |
| San Juan | $26,374 | $125,069 | $239,932 | $388,384 | $543,886 |
| San Miguel | $194,611 | $340,462 | $778,036 | $1,991,086 | $4,531,598 |
| Sedgwick | N/A | N/A | N/A | N/A | N/A |
| Summit | $296,600 | $427,800 | $629,250 | $938,200 | $1,443,460 |
| Teller | $106,541 | $217,490 | $324,386 | $426,836 | $538,124 |
| Washington | N/A | N/A | N/A | N/A | N/A |
| Weld | $274,457 | $363,153 | $452,949 | $559,954 | $696,866 |
| Yuma | $9,750 | $38,965 | $112,640 | $204,338 | $311,225 |
Source: Ownwell
Property Tax Bills Across Colorado
In Colorado, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value, usually set at 7.15% for residential properties. The tax rate, also known as the mill levy, is then applied to the assessed value to determine the tax bill. This rate varies by location and is influenced by local government budgets and voter-approved measures. Homeowners in Colorado can expect a wide range of tax bills depending on their property's value and location. For instance, the median home price is $405,540, leading to varying tax bills across the state. The 25th percentile tax bill is $1,376, while the 75th percentile reaches $3,383. In some areas, like Pitkin County, homeowners face the highest median tax bill at $4,527, whereas Bent County has the lowest at $221. These variations significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Colorado
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | $1,265 | $2,113 | $2,770 | $3,644 | $5,409 |
| Alamosa | $42 | $297 | $694 | $1,052 | $1,507 |
| Arapahoe | $1,341 | $1,819 | $2,536 | $3,834 | $5,171 |
| Archuleta | $436 | $878 | $1,424 | $2,009 | $2,802 |
| Baca | $76 | $135 | $265 | $532 | $877 |
| Bent | $28 | $80 | $221 | $778 | $2,699 |
| Boulder | $1,605 | $2,383 | $3,545 | $5,237 | $7,627 |
| Broomfield | $2,144 | $2,685 | $3,517 | $5,396 | $6,840 |
| Chaffee | $555 | $1,135 | $1,497 | $1,998 | $2,652 |
| Cheyenne | $60 | $182 | $407 | $783 | $1,404 |
| Clear Creek | $626 | $1,261 | $1,938 | $2,719 | $3,604 |
| Conejos | $118 | $262 | $545 | $988 | $1,677 |
| Costilla | $42 | $169 | $381 | $716 | $1,183 |
| Crowley | $42 | $202 | $347 | $557 | $816 |
| Custer | $252 | $514 | $996 | $1,615 | $2,374 |
| Delta | $361 | $599 | $931 | $1,337 | $1,843 |
| Denver | $1,293 | $1,806 | $2,449 | $3,582 | $5,440 |
| Dolores | $162 | $310 | $568 | $1,047 | $1,752 |
| Douglas | $1,984 | $2,595 | $3,328 | $4,445 | $5,944 |
| Eagle | $1,046 | $1,888 | $3,388 | $5,951 | $11,338 |
| Elbert | $970 | $1,777 | $2,641 | $3,579 | $5,019 |
| El Paso | $710 | $1,012 | $1,379 | $2,236 | $3,217 |
| Fremont | $56 | $473 | $1,012 | $1,500 | $2,065 |
| Garfield | $481 | $1,125 | $1,819 | $2,931 | $4,681 |
| Gilpin | $239 | $595 | $1,047 | $1,696 | $2,375 |
| Grand | $511 | $1,167 | $1,913 | $3,206 | $5,193 |
| Gunnison | $604 | $1,080 | $1,892 | $3,781 | $7,216 |
| Hinsdale | $98 | $173 | $257 | $446 | $1,083 |
| Huerfano | $106 | $247 | $439 | $838 | $1,411 |
| Jackson | $165 | $314 | $560 | $959 | $2,288 |
| Jefferson | $1,580 | $2,151 | $2,797 | $3,672 | $5,207 |
| Kiowa | $96 | $211 | $440 | $719 | $1,244 |
| Kit Carson | $47 | $372 | $754 | $1,191 | $1,935 |
| Lake | $178 | $856 | $1,697 | $2,453 | $3,177 |
| La Plata | $460 | $857 | $1,300 | $1,874 | $2,658 |
| Larimer | $1,444 | $1,907 | $2,461 | $3,260 | $4,617 |
| Las Animas | $94 | $172 | $300 | $489 | $751 |
| Lincoln | $53 | $308 | $650 | $1,133 | $1,700 |
| Logan | $169 | $485 | $847 | $1,298 | $1,936 |
| Mesa | $317 | $812 | $1,213 | $1,625 | $2,179 |
| Mineral | $302 | $564 | $997 | $1,483 | $2,133 |
| Moffat | $270 | $475 | $783 | $1,163 | $1,459 |
| Montezuma | $246 | $433 | $702 | $1,089 | $1,564 |
| Montrose | $835 | $1,418 | $1,943 | $2,721 | $3,755 |
| Morgan | $170 | $718 | $1,191 | $1,759 | $2,479 |
| Otero | $70 | $146 | $266 | $484 | $887 |
| Ouray | $1,070 | $1,892 | $2,936 | $4,336 | $5,893 |
| Park | $672 | $1,047 | $1,504 | $1,948 | $2,460 |
| Phillips | $262 | $629 | $987 | $1,480 | $1,939 |
| Pitkin | $627 | $1,910 | $4,527 | $11,565 | $23,964 |
| Prowers | $15 | $64 | $253 | $547 | $901 |
| Pueblo | $427 | $716 | $1,150 | $1,722 | $2,301 |
| Rio Blanco | $105 | $374 | $651 | $945 | $1,359 |
| Rio Grande | $111 | $331 | $659 | $1,173 | $2,033 |
| Routt | $819 | $1,407 | $2,259 | $3,702 | $6,272 |
| Saguache | $26 | $86 | $305 | $858 | $1,975 |
| San Juan | $323 | $612 | $871 | $1,308 | $1,647 |
| San Miguel | $541 | $1,054 | $2,268 | $5,464 | $11,279 |
| Sedgwick | N/A | N/A | N/A | N/A | N/A |
| Summit | $1,238 | $1,820 | $2,627 | $3,799 | $6,069 |
| Teller | $305 | $729 | $1,276 | $1,909 | $2,568 |
| Washington | N/A | N/A | N/A | N/A | N/A |
| Weld | $955 | $1,501 | $2,133 | $3,257 | $4,680 |
| Yuma | $92 | $355 | $763 | $1,358 | $2,240 |
Source: Ownwell
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