Aurora, Colorado Property Taxes
The median property tax rate in Aurora, CO is 0.70%, which is lower than the national median of 0.99% but higher than Colorado's state median of 0.55%. With the median home value in Aurora at $351,700, the typical annual property tax bill is around $2,220, which is below the national median of $2,690. Property taxes in Aurora are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Aurora'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 Aurora 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
Aurora, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$2,462
Ownwell’s Aurora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aurora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aurora 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 Aurora, Colorado
Property taxes in Aurora, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aurora is 0.70%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Aurora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aurora 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 Aurora's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80018 zip code has the highest median property tax rate of 1.07%, while the 80247 zip code has the lowest median tax rate of 0.50%. Understanding how these cities compare with Aurora provides valuable insights into the varying tax landscape across Arapahoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aurora Tax Rate
0.70%
Average Arapahoe County Tax Rate
0.70%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aurora, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80010 | 0.50% | 0.70% | 0.70% | 0.70% | 0.70% |
| 80011 | 0.49% | 0.70% | 0.70% | 0.70% | 0.70% |
| 80012 | 0.48% | 0.50% | 0.70% | 0.70% | 0.70% |
| 80013 | 0.50% | 0.50% | 0.69% | 0.70% | 1.05% |
| 80014 | 0.40% | 0.50% | 0.51% | 0.70% | 0.78% |
| 80015 | 0.50% | 0.50% | 0.51% | 0.81% | 0.93% |
| 80016 | 0.68% | 0.76% | 0.85% | 0.90% | 0.98% |
| 80017 | 0.52% | 0.70% | 0.70% | 0.70% | 0.70% |
| 80018 | 0.66% | 0.86% | 1.07% | 1.08% | 1.30% |
| 80247 | 0.43% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Aurora, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Aurora, 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 Arapahoe County Assessor 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 Aurora, 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 in Aurora is $4,589 in the 80016 zip code, while the lowest is $1,370 in the 80247 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Aurora Assessed Value
$351,700
Average Arapahoe County Assessed Value
$387,300
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aurora, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80010 | $249,770 | $268,400 | $296,900 | $334,275 | $385,000 |
| 80011 | $134,000 | $255,950 | $307,800 | $338,000 | $363,300 |
| 80012 | $168,600 | $229,850 | $320,500 | $356,000 | $392,300 |
| 80013 | $261,300 | $330,800 | $358,400 | $396,300 | $440,300 |
| 80014 | $190,760 | $239,200 | $300,400 | $372,400 | $423,200 |
| 80015 | $246,680 | $329,300 | $401,800 | $461,700 | $528,860 |
| 80016 | $341,800 | $456,875 | $546,600 | $642,925 | $755,600 |
| 80017 | $181,400 | $237,275 | $328,300 | $356,200 | $381,770 |
| 80018 | $79,611 | $368,600 | $412,900 | $449,600 | $486,100 |
| 80247 | $200,800 | $221,100 | $280,300 | $335,800 | $391,580 |
Source: Ownwell
Property Tax Bills Across Aurora, Colorado
In Aurora, Arapahoe County, CO, 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 Aurora stands at $351,700. Homeowners in this area can expect their tax bills to vary widely, influenced by the assessed value of their property and the local tax rate. For instance, the tax bill at the 25th percentile is approximately $1,650, while at the 75th percentile, it rises to around $3,215. Those in the 90th percentile face tax bills as high as $4,763. The highest median tax bill in Aurora is found in the 80016 zip code, amounting to $4,589, whereas the lowest is in the 80247 zip code at $1,370. These variations can significantly affect homeowners, as higher property taxes can increase the overall cost of homeownership while lower taxes can make it more affordable. Comparing these figures to the national median property tax rate of 0.99% provides a clearer perspective on local tax burdens.
Average Aurora Tax Bill
$2,220
Average Arapahoe County Tax Bill
$2,536
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Aurora, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80010 | $1,574 | $1,805 | $2,020 | $2,295 | $2,655 |
| 80011 | $941 | $1,508 | $2,037 | $2,325 | $2,514 |
| 80012 | $1,047 | $1,400 | $1,745 | $2,276 | $2,528 |
| 80013 | $1,386 | $1,699 | $2,086 | $2,631 | $4,192 |
| 80014 | $998 | $1,292 | $1,664 | $2,140 | $2,507 |
| 80015 | $1,234 | $1,640 | $2,428 | $3,661 | $4,533 |
| 80016 | $2,695 | $3,751 | $4,589 | $5,484 | $6,500 |
| 80017 | $1,266 | $1,596 | $2,218 | $2,463 | $2,692 |
| 80018 | $2,013 | $2,958 | $4,206 | $4,793 | $5,247 |
| 80247 | $981 | $1,092 | $1,370 | $1,693 | $1,993 |
Source: Ownwell