Denver County Property Taxes
The median property tax rate in Denver County is 0.55%, which is notably lower than the national median of 0.99% and matches the Colorado state median of 0.55%. With the median home value in Denver County at $435,200, the typical annual property tax bill is approximately $2,449, slightly below the national median of $2,690. Property taxes in Denver County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Denver County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Denver or another part of Denver County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Denver County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,394
$2,221
Ownwell’s Denver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Denver with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Denver to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Denver County, Colorado
Property taxes in Denver play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Denver is 0.55%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Denver set these rates annually, and they can vary significantly between different areas within the county. Each year, Denver estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Denver's effective property tax rate with other cities in Colorado. For comparison, the city of Englewood has one of the higher property tax rates in Colorado at 0.57%, while the city of Lakewood boasts one of the lowest at 0.53%. Analyzing how Denver's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Denver County Tax Rate
0.55%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Denver County, Colorado
In Denver County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Denver County Appraisal District. The assessed value, however, 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. Assessment notices in Denver County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Aurora has the highest median tax bill at $2,489, while Lakewood has the lowest at $1,529. Being aware of these valuation processes in Denver County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Denver County, Colorado
Source: Ownwell
$152,700
$440,700
$728,700
Average Denver County Assessed Value
$435,200
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Denver County, Colorado
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | $377,100 | $409,450 | $470,600 | $540,225 | $641,850 |
| Denver | $250,600 | $334,400 | $438,500 | $616,600 | $882,700 |
| Englewood | $362,250 | $374,675 | $393,950 | $421,850 | $452,550 |
| Lakewood | $250,020 | $263,200 | $285,000 | $315,100 | $406,100 |
| Littleton | $218,100 | $280,200 | $374,400 | $440,100 | $586,920 |
| Wheat Ridge | $401,300 | $410,300 | $416,600 | $442,700 | $487,340 |
Source: Ownwell
Property Tax Bills Across Denver County, Colorado
In Denver County, CO, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is a percentage of the market value of your property. For example, with a median home price of $435,200, the tax rate is applied to the assessed value to determine your annual tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Denver County can expect their property tax bills to vary significantly. The 25th percentile of tax bills is around $1,806, while the 75th percentile reaches up to $3,582, and the 90th percentile can be as high as $5,440. Aurora has the highest median tax bill at $2,489, whereas Lakewood has the lowest at $1,529. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Given the national median property tax rate of 0.99%, Denver County's rates are relatively moderate, providing a balanced approach to funding local services while considering homeowners' financial burdens.
Average Denver County Tax Bill
$2,449
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Denver County, Colorado
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | $1,794 | $2,248 | $2,489 | $2,840 | $3,837 |
| Denver | $1,302 | $1,815 | $2,468 | $3,597 | $5,476 |
| Englewood | $1,601 | $2,017 | $2,204 | $2,366 | $2,548 |
| Lakewood | $1,312 | $1,404 | $1,529 | $1,671 | $2,188 |
| Littleton | $1,148 | $1,473 | $2,008 | $2,429 | $4,745 |
| Wheat Ridge | $2,218 | $2,267 | $2,302 | $2,446 | $2,693 |
Source: Ownwell