Centennial, Arapahoe County, Colorado Property Taxes

Name: Property Tax Bills Across Centennial, Arapahoe County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Centennial, CO effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Centennial, CO home value: $466,300
Median annual Centennial, CO tax bill: $3,377, $977 higher than the national median property tax bill of $2,400.

How are property taxes in Arapahoe County calculated?

Property taxes in Centennial, CO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Centennial’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Centennial, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Centennial, Arapahoe County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$3,311

$3,072

Ownwell’s Centennial Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Centennial with just two data points. By entering your property's estimated assessed value, our calculator applies Centennial’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Arapahoe County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Arapahoe County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Centennial, Arapahoe County, Colorado

Local government entities in Colorado, including those in Arapahoe County, set property tax rates that can differ significantly across the state. The process involves estimating the county's annual budget needs and dividing this by the total assessed value of all taxable property within the jurisdiction, resulting in the property tax rate. Although votes and legislative measures play a role, this is the core of how property tax rates are determined each year.

In Centennial, located in Arapahoe County, the effective property tax rate is 0.71%, which is notably lower than the national median property tax rate of 1.02%. Within the same county, the highest median tax rate is found in the 80122 zip code at 0.79%, whereas the lowest is in the 80111 zip code at 0.67%. This illustrates the variability in property tax rates even within a single county. By comparing Centennial's rate to both the state and national figures, property owners can gain insight into how their taxes stack up and better understand the local tax landscape.

Property Tax Rates Across Centennial, Arapahoe County, Colorado

Source: Ownwell

0.44%

0.75%

1.07%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Centennial Tax Rate

0.71%

Median Effective Arapahoe County Tax Rate

0.70%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Centennial, Arapahoe County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80015	0.57%	0.69%	0.69%	0.70%	0.80%
80016	0.58%	0.62%	0.70%	0.85%	0.85%
80111	0.55%	0.60%	0.67%	0.69%	0.73%
80112	0.56%	0.67%	0.69%	0.72%	0.78%
80121	0.62%	0.69%	0.79%	0.79%	0.82%
80122	0.62%	0.77%	0.79%	0.81%	0.85%

Source: Ownwell

Property Tax Assessment Values Across Centennial, Arapahoe County, Colorado

When examining property taxes in Centennial, CO, 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 location, property condition, and economic market trends. The Arapahoe County appraisal district estimates the market value for tax purposes. The assessed value is 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.

In Arapahoe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Centennial. For example, the median home price in Centennial is $466,300, with tax bills ranging significantly across the county. Zip code 80016 has the highest median home price at $696,300.

Property Tax Assessment Values Across Centennial, Arapahoe County, Colorado

Source: Ownwell

$73,750

$1,300,035

$2,526,320

Median Centennial Market Value

$466,300

Median Arapahoe County Market Value

$387,300

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Centennial, Arapahoe County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80015	$358,200	$383,925	$423,900	$481,700	$555,260
80016	$499,220	$555,700	$696,300	$922,800	$1,140,440
80111	$482,800	$508,000	$564,400	$632,100	$829,600
80112	$372,900	$434,400	$504,300	$599,350	$699,100
80121	$384,020	$413,500	$452,400	$522,300	$653,620
80122	$275,820	$374,325	$455,000	$543,300	$643,270

Source: Ownwell

Property Tax Bills Across Centennial, Arapahoe County, Colorado

In Centennial, located in 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 here is $466,300, leading to a range of tax bills. Homeowners in the 25th percentile face a tax bill of $2,796, while those in the 75th percentile pay $4,146, and those in the 90th percentile see bills as high as $5,078. This variance highlights how assessed values and local tax rates influence what homeowners owe. Centennial's property tax bills can be higher than the national median tax bill of $2,400, making it crucial for homeowners to ensure their assessments are accurate. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners navigate the complexities of assessments and identify potential savings. By reviewing property assessments and ensuring they reflect true market conditions, Ownwell can assist homeowners in reducing their tax burden, offering financial relief and peace of mind.

Property Tax Bills Across Centennial, Arapahoe County, Colorado

Source: Ownwell

$457

$8,515

$16,572

Median Centennial Tax Bill

$3,377

Median Arapahoe County Tax Bill

$2,536

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Centennial, Arapahoe County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80015	$2,393	$2,619	$2,966	$3,419	$4,124
80016	$3,563	$4,198	$4,916	$6,362	$7,667
80111	$2,814	$3,272	$3,704	$4,387	$5,292
80112	$2,351	$2,873	$3,448	$4,269	$5,063
80121	$2,568	$3,071	$3,508	$4,043	$5,054
80122	$2,102	$2,742	$3,477	$4,237	$5,098

Source: Ownwell