Denver, Colorado Property Taxes
The median property tax rate in Denver, CO is 0.59%, slightly higher than the Colorado state median of 0.55% but lower than the national median of 0.99%. With a median home value of $438,000 in Denver, the typical annual property tax bill amounts to $2,488, which is below the national median of $2,690. Property taxes in Denver are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Denver'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 Denver 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
Denver, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Denver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Denver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Denver 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 Denver, Colorado
Property taxes in Denver, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denver is 0.59%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Denver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denver 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 Denver's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80260 zip code has the highest median property tax rate of 0.73%, while the 80234 zip code has the lowest median tax rate of 0.51%. Understanding how these cities compare with Denver 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 Denver Tax Rate
0.59%
Average Adams County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denver, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80206 | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| 80212 | 0.53% | 0.59% | 0.65% | 0.69% | 0.74% |
| 80216 | 0.45% | 0.50% | 0.58% | 0.80% | 0.85% |
| 80220 | 0.37% | 0.48% | 0.55% | 0.58% | 0.60% |
| 80221 | 0.45% | 0.55% | 0.62% | 0.67% | 0.88% |
| 80229 | 0.43% | 0.51% | 0.58% | 0.62% | 0.66% |
| 80233 | 0.32% | 0.43% | 0.52% | 0.56% | 0.64% |
| 80234 | 0.41% | 0.47% | 0.51% | 0.53% | 0.56% |
| 80237 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
| 80260 | 0.49% | 0.56% | 0.73% | 0.76% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Denver, Colorado
In Denver, 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 Adams County Assessor's Office 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 Denver, 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. For instance, the highest median tax bill is $3,793 in the 80212 zip code, while the lowest median tax bill is $404 in the 80260 zip code. Being aware of these valuation processes in Denver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Denver Assessed Value
$438,000
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 Denver, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80206 | $366,000 | $366,000 | $366,000 | $366,000 | $366,000 |
| 80212 | $452,000 | $496,250 | $575,500 | $718,000 | $851,500 |
| 80216 | $6,302 | $10,021 | $348,000 | $439,000 | $499,600 |
| 80220 | $360,400 | $381,250 | $394,000 | $450,250 | $512,200 |
| 80221 | $361,000 | $428,000 | $463,000 | $516,000 | $693,000 |
| 80229 | $40,000 | $263,000 | $378,000 | $441,000 | $495,000 |
| 80233 | $397,700 | $499,250 | $550,500 | $682,001 | $794,065 |
| 80234 | $224,000 | $382,000 | $578,000 | $721,000 | $913,000 |
| 80237 | $435,000 | $435,000 | $435,000 | $435,000 | $435,000 |
| 80260 | $17,245 | $30,507 | $55,439 | $305,000 | $467,000 |
Source: Ownwell
Property Tax Bills Across Denver, Colorado
In Denver, located in Adams County, CO, property tax bills are determined based on the assessed value of your home and the local tax rate. The assessed value is a percentage of the market value, which is determined by the county assessor. For example, with a median home price of $438,000, the assessed value is calculated, and the tax rate is applied to this value. Factors such as property location, home size, and improvements can influence the assessed value. The property tax rate in Denver is competitive compared to the national median property tax rate of 0.99%. Homeowners in Denver can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,585, while the 75th percentile reaches $2,993. The highest median tax bill in the area is $3,793 in the 80212 zip code, whereas the lowest median tax bill is $404 in the 80260 zip code. These variations can significantly impact homeowners, influencing their financial planning and overall cost of living.
Average Denver Tax Bill
$2,488
Average Adams County Tax Bill
$2,770
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Denver, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80206 | $1,997 | $1,997 | $1,997 | $1,997 | $1,997 |
| 80212 | $2,897 | $3,360 | $3,793 | $4,328 | $5,111 |
| 80216 | $53 | $84 | $1,661 | $2,267 | $2,884 |
| 80220 | $1,396 | $2,136 | $2,232 | $2,442 | $2,672 |
| 80221 | $1,848 | $2,310 | $2,845 | $3,177 | $5,210 |
| 80229 | $193 | $1,392 | $1,943 | $2,604 | $2,848 |
| 80233 | $1,571 | $2,052 | $2,755 | $3,531 | $4,218 |
| 80234 | $1,156 | $1,911 | $2,838 | $3,644 | $4,591 |
| 80237 | $2,891 | $2,891 | $2,891 | $2,891 | $2,891 |
| 80260 | $127 | $202 | $404 | $1,729 | $2,464 |
Source: Ownwell