Arvada, Colorado Property Taxes
The median property tax rate in Arvada, CO is 0.64%, which is higher than the state median of 0.55% but still below the national median of 0.99%. With a median home value of $520,000, the typical annual property tax bill in Arvada reaches $3,208, significantly surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Arvada'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 Arvada or another part of Adams County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arvada, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$3,328
$3,088
Ownwell’s Arvada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arvada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arvada 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 Arvada, Colorado
Property taxes in Arvada, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arvada is 0.64%, lower than the Colorado state median and the U.S. national median of 0.99%. Local government entities within Arvada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arvada 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 Arvada's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80002 zip code has the highest median property tax rate of 0.94%, while the 80003 zip code has the lowest median tax rate of 0.62%. Understanding how these cities compare with Arvada provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arvada Tax Rate
0.64%
Average Adams County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arvada, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80002 | 0.86% | 0.87% | 0.94% | 0.95% | 0.99% |
| 80003 | 0.48% | 0.57% | 0.62% | 0.65% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Arvada, Colorado
In Arvada, 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 Adams County 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 Arvada, 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 Arvada helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Arvada is $3,377 in zip code 80003, while the lowest median tax bill is $147 in zip code 80002.
Average Arvada Assessed Value
$520,000
Average Adams County Assessed Value
$489,000
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arvada, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80002 | $12,098 | $13,290 | $15,674 | $34,354 | $43,792 |
| 80003 | $457,300 | $501,000 | $542,000 | $592,000 | $663,400 |
Source: Ownwell
Property Tax Bills Across Arvada, Colorado
In Arvada, located in Adams County, CO, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the market value of the home. For instance, with a median home price of $520,000, the assessed value is multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including property location, size, and any applicable exemptions. Homeowners in Arvada experience varying tax bills, with the 25th percentile paying around $1,903 and the 75th percentile paying approximately $3,561. The highest median tax bill in the area is $3,377 in the 80003 zip code, while the lowest is $147 in the 80002 zip code. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making them a crucial component of community funding. The median property tax rate in Arvada is compared to the national median of 0.99%, highlighting the local variations in tax burdens.
Average Arvada Tax Bill
$3,208
Average Adams County Tax Bill
$2,770
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Arvada, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80002 | $116 | $127 | $147 | $292 | $376 |
| 80003 | $2,383 | $3,020 | $3,377 | $3,665 | $4,000 |
Source: Ownwell