Deer Trail, Colorado Property Taxes
The median property tax rate in Deer Trail, CO is 0.52%, which is significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $250,200 in Deer Trail, the typical annual property tax bill is $1,360, well below the national median of $2,690. Property taxes in Deer Trail are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Deer Trail'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 Deer Trail or another part of Arapahoe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deer Trail, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$1,301
$1,207
Ownwell’s Deer Trail Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deer Trail with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deer Trail 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 Deer Trail, Colorado
Property taxes in Deer Trail, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deer Trail is 0.52%, lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Deer Trail set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deer Trail 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 Deer Trail's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80105 zip code has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Deer Trail 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 Deer Trail Tax Rate
0.52%
Average Arapahoe County Tax Rate
0.70%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deer Trail, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80105 | 0.52% | 0.52% | 0.52% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Deer Trail, Colorado
In Deer Trail, 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 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 Deer Trail, 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 Deer Trail helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Deer Trail, the median tax bill is $1,360, with the same value for both the highest and lowest median tax bills in the 80105 zip code.
Property Tax Assessment Values Across Deer Trail, Colorado
Source: Ownwell
$73,750
$1,300,035
$2,526,320
Average Deer Trail Assessed Value
$250,200
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 Deer Trail, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80105 | $38,310 | $107,561 | $250,200 | $298,100 | $318,800 |
Source: Ownwell
Property Tax Bills Across Deer Trail, Colorado
In Deer Trail, property tax bills are calculated based on the assessed value of a home, which is determined by the Arapahoe County assessor. The assessed value is a percentage of the property's market value, reflecting current real estate trends. Once the assessed value is established, local tax rates, set by various taxing authorities such as school districts and municipal services, are applied to determine the final tax bill. For homeowners in Deer Trail, the median home price is $250,200. Property tax bills can vary significantly; the 25th percentile tax bill is $556, while the 75th percentile reaches up to $2,078, and the 90th percentile can be as high as $2,819. The median tax bill in the 80105 zip code stands at $1,360, which is above the national median property tax rate of 0.99%. These tax bills impact homeowners by contributing to the funding of essential local services like education, public safety, and infrastructure, thereby influencing the overall quality of life in the community.
Average Deer Trail Tax Bill
$1,360
Average Arapahoe County Tax Bill
$2,536
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Deer Trail, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80105 | $200 | $556 | $1,360 | $2,078 | $2,819 |
Source: Ownwell