Broomfield, Broomfield County, Colorado Property Taxes
Median Broomfield, CO effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, and equal to the Colorado state median of 0.55%.
Median Broomfield, CO home value: $644,955
Median annual Broomfield, CO tax bill: $3,524, $1,124 higher than the national median property tax bill of $2,400.
How are property taxes in Broomfield calculated?
Property taxes in Broomfield, 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 Broomfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Broomfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Broomfield, Broomfield County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$3,547
$3,292
Property Tax Rates Across Broomfield, Broomfield County, Colorado
Local government entities in Colorado set tax rates, which can vary widely within the state. This variance is due to each county estimating its required budget annually to provide essential services, then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Broomfield in Colorado showcases a diverse range of property tax rates. The median property tax rate in Broomfield is 0.55%, which is significantly lower than the national median property tax rate of 1.02%. Within Broomfield, the highest median tax rate is found in the 80023 zip code at 0.66%, while the lowest is in the 80020 zip code at 0.48%. Compared to the national median property tax bill of $2400, Broomfield residents benefit from more favorable rates. Understanding these local variances is crucial for property owners looking to manage their property tax liabilities effectively.
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 Broomfield Tax Rate
0.55%
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 Broomfield County Tax Rate
0.55%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Broomfield, Broomfield County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80020 | 0.38% | 0.45% | 0.48% | 0.54% | 0.58% |
| 80021 | 0.58% | 0.62% | 0.63% | 0.87% | 0.88% |
| 80023 | 0.54% | 0.61% | 0.66% | 0.72% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Broomfield, Broomfield County, Colorado
When examining property taxes in Broomfield, 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 Broomfield 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 Broomfield 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 Broomfield. For example, the median home price in Broomfield is $644,955, with tax bills ranging significantly across the county. Zip code 80023 has the highest median home price at $849,670.
Property Tax Assessment Values Across Broomfield, Broomfield County, Colorado
Source: Ownwell
$30,410
$518,943
$1,007,475
Median Broomfield Market Value
$644,955
Median Broomfield County Market Value
$637,620
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Broomfield, Broomfield County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80020 | $417,829 | $506,138 | $586,550 | $688,582 | $833,359 |
| 80021 | $529,330 | $605,490 | $686,185 | $815,165 | $911,805 |
| 80023 | $515,584 | $643,710 | $849,670 | $1,029,730 | $1,273,030 |
Source: Ownwell
Property Tax Bills Across Broomfield, Broomfield County, Colorado
Median Broomfield Tax Bill
$3,524
Median Broomfield County Tax Bill
$3,517
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Broomfield, Broomfield County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80020 | $1,978 | $2,426 | $2,916 | $3,528 | $4,244 |
| 80021 | $3,288 | $4,262 | $4,788 | $5,453 | $5,926 |
| 80023 | $3,150 | $4,341 | $5,675 | $6,823 | $8,203 |
Source: Ownwell