Boulder, Colorado Property Taxes
The median property tax rate in Boulder, CO is 0.49%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Boulder at $999,800, the typical annual property tax bill reaches $4,713, exceeding the national median of $2,690. Property taxes in Boulder are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Boulder'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 Boulder 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
Boulder, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$4,899
Ownwell’s Boulder Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Boulder with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Boulder to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, scroll down to discover more localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Boulder, Colorado
Property taxes in Boulder, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boulder is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Boulder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boulder 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 Boulder's effective property tax rate to other areas in Boulder County and the national median. For comparison, the 80302 zip code has the highest median property tax rate of 0.50%, while the 80304 zip code has the lowest median tax rate of 0.48%. Understanding how these areas compare with Boulder provides valuable insights into the varying tax landscape across Boulder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boulder Tax Rate
0.49%
Average Boulder County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boulder, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80301 | 0.40% | 0.46% | 0.49% | 0.55% | 0.57% |
| 80302 | 0.41% | 0.46% | 0.50% | 0.54% | 0.59% |
| 80303 | 0.41% | 0.45% | 0.48% | 0.54% | 0.58% |
| 80304 | 0.41% | 0.45% | 0.48% | 0.53% | 0.57% |
| 80305 | 0.42% | 0.46% | 0.48% | 0.49% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Boulder, Colorado
In Boulder, 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 Boulder 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 Boulder, 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 Boulder is $5,970 in the 80304 zip code, while the lowest median tax bill is $3,462 in the 80301 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 Boulder Assessed Value
$999,800
Average Boulder County Assessed Value
$722,900
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boulder, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80301 | $240,067 | $383,588 | $712,600 | $1,086,325 | $1,517,250 |
| 80302 | $405,971 | $715,371 | $1,141,450 | $1,720,500 | $2,627,050 |
| 80303 | $376,408 | $528,440 | $881,500 | $1,243,550 | $1,643,960 |
| 80304 | $172,863 | $678,421 | $1,279,300 | $1,860,000 | $2,682,610 |
| 80305 | $651,080 | $839,350 | $1,038,250 | $1,348,025 | $1,843,330 |
Source: Ownwell
Property Tax Bills Across Boulder, Colorado
In Boulder, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the Boulder County Assessor's Office. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to calculate the annual tax bill. For instance, Boulder’s median home price is $999,800, making it crucial for homeowners to understand how these values impact their tax obligations. Several factors influence the tax bill, including the property's location, any applicable exemptions, and the specific tax rates set by local taxing authorities. In Boulder, the tax bill can vary significantly; the 25th percentile tax bill is $2,950, while the 75th percentile reaches $6,824, and the 90th percentile can go up to $10,037. Different zip codes also show variation, with the highest median tax bill in 80304 at $5,970 and the lowest in 80301 at $3,462. Understanding these dynamics helps homeowners anticipate and manage their annual property tax expenses effectively.
Average Boulder Tax Bill
$4,713
Average Boulder County Tax Bill
$3,545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Boulder, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80301 | $1,322 | $2,112 | $3,462 | $5,118 | $7,147 |
| 80302 | $2,216 | $3,493 | $5,450 | $8,363 | $13,200 |
| 80303 | $1,945 | $2,701 | $4,187 | $5,698 | $7,667 |
| 80304 | $1,034 | $3,530 | $5,970 | $8,548 | $12,719 |
| 80305 | $3,202 | $4,034 | $4,898 | $6,297 | $8,701 |
Source: Ownwell