Golden, Colorado Property Taxes
The median property tax rate in Golden, CO is 0.44%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Golden at $541,400, the typical annual property tax bill reaches $2,348, slightly below the national median of $2,690. Property taxes in Golden 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 Golden'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 Golden 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
Golden, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$2,382
$2,211
Ownwell’s Golden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golden 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 Golden, Colorado
Property taxes in Golden, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden is 0.44%, which is significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Golden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden 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 Golden's effective property tax rate to other counties in Colorado and the national median. For comparison, the ZIP code 80403 has both the highest and lowest median property tax rate of 0.44%. Understanding how these cities compare with Golden 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 Golden Tax Rate
0.44%
Average Boulder County Tax Rate
0.50%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80401 | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% |
| 80403 | 0.35% | 0.42% | 0.44% | 0.46% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Golden, Colorado
In Golden, 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 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 Golden, 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 is $2,349 in the 80403 zip code, while the lowest median tax bill is $953 in the 80401 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 Golden Assessed Value
$541,400
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 Golden, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80401 | $345,200 | $345,200 | $345,200 | $345,200 | $345,200 |
| 80403 | $137,554 | $356,275 | $541,950 | $700,100 | $861,870 |
Source: Ownwell
Property Tax Bills Across Golden, Colorado
In Golden, 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 Golden is $541,400. The local tax rate is applied to the assessed value to determine the tax bill. Factors such as property location and improvements can influence the assessed value. Homeowners in Golden can expect varying tax bills depending on their property’s assessed value. For example, the 25th percentile tax bill is around $1,491, while the 75th percentile tax bill is approximately $3,037. The 90th percentile reaches up to $3,790, reflecting higher-valued properties. The highest median tax bill in the area is $2,349 in the 80403 zip code, while the lowest is $953 in the 80401 zip code. Compared to the national median property tax rate of 0.99%, Golden’s rates can significantly impact homeowners, especially those with higher-valued properties.
Average Golden Tax Bill
$2,348
Average Boulder County Tax Bill
$3,545
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80401 | $953 | $953 | $953 | $953 | $953 |
| 80403 | $612 | $1,504 | $2,349 | $3,037 | $3,790 |
Source: Ownwell