Henderson, Colorado Property Taxes
The median property tax rate in Henderson, CO is 0.61%, slightly higher than the state median of 0.55% but lower than the national median of 0.99%. With the median home value in Henderson at $517,500, the typical annual property tax bill reaches $2,508, which is below the national median of $2,690. Property taxes in Henderson are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Henderson'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 Henderson 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
Henderson, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$3,157
Ownwell’s HENDERSON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HENDERSON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HENDERSON 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 Henderson, Colorado
Property taxes in HENDERSON, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in HENDERSON is 0.61%, significantly lower than the U.S. national median of 0.99%. Local government entities within HENDERSON set these rates annually, and they can vary significantly across different neighborhoods. Each year, HENDERSON 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 HENDERSON's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80640 zip code has both the highest and lowest median property tax rate of 0.61%. Understanding how these areas compare with HENDERSON 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 Henderson Tax Rate
0.61%
Average Adams County Tax Rate
0.57%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henderson, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80640 | 0.38% | 0.46% | 0.61% | 0.69% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Henderson, Colorado. 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 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 Henderson, 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 Henderson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 80640, amounting to $2,508.
Average Henderson Assessed Value
$517,500
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 Henderson, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80640 | $13,290 | $44,406 | $517,500 | $634,250 | $879,986 |
Source: Ownwell
Property Tax Bills Across Henderson, Colorado
In Henderson, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Henderson is $517,500. Local tax authorities determine the assessed value by considering factors such as the property's location, size, and condition. Once the assessed value is established, local tax rates are applied to calculate the tax bill. For homeowners in Henderson, property tax bills can vary significantly. For instance, the 25th percentile tax bill is around $271, while the 75th percentile reaches $3,901. The 90th percentile tax bill can go up to $5,380, indicating a wide range of tax liabilities depending on property specifics. The highest median tax bill in the area is $2,508, which falls within the zip code 80640. Compared to the national median property tax rate of 0.99%, Henderson's property tax rates can have a substantial impact on homeowners, influencing their overall cost of living and financial planning.
Average Henderson Tax Bill
$2,508
Average Adams County Tax Bill
$2,770
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Henderson, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80640 | $89 | $271 | $2,508 | $3,901 | $5,380 |
Source: Ownwell