Littleton, Colorado Property Taxes
The median property tax rate in Littleton, CO is 0.55%, which is lower than the national median of 0.99% and matches the Colorado state median of 0.55%. With a median home value of $374,400 in Littleton, the typical annual property tax bill is $2,008, falling below the national median of $2,690. Property taxes in Littleton are based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Littleton'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 Littleton 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
Littleton, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,059
$1,911
Ownwell’s Littleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Littleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Littleton 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 Littleton, Colorado
Property taxes in Littleton, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Littleton is 0.55%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Littleton set these rates annually, and they can vary across different neighborhoods. Each year, Littleton 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 Littleton's effective property tax rate to other areas in Denver County and the national median. For comparison, the 80123 zip code has both the highest and the lowest median property tax rate at 0.55%. Understanding how these rates compare with Littleton provides valuable insights into the varying tax landscape across Denver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Littleton Tax Rate
0.55%
Average Denver County Tax Rate
0.55%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Littleton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80123 | 0.43% | 0.53% | 0.55% | 0.55% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Littleton, Colorado
In Littleton, 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 Denver 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 Littleton, 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 Littleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 80123 has both the highest and lowest median tax bill at $2008.
Average Littleton Assessed Value
$374,400
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 Littleton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80123 | $218,100 | $280,200 | $374,400 | $440,100 | $586,920 |
Source: Ownwell
Property Tax Bills Across Littleton, Colorado
In Littleton, 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 your home's market value. For example, if your home has a median market value of $374,400, the tax bill is derived from this assessed value. The tax rate in Littleton is influenced by various factors, including local government budgets, school districts, and other public services. Homeowners in Littleton can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $1,473, while those at the 75th percentile pay approximately $2,429. At the 90th percentile, the tax bill can go up to $4,745. These variations can impact homeowners differently, depending on their home's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Littleton's property taxes can be relatively moderate or high, influencing the overall cost of homeownership in the area.
Average Littleton Tax Bill
$2,008
Average Denver County Tax Bill
$2,449
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Littleton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80123 | $1,148 | $1,473 | $2,008 | $2,429 | $4,745 |
Source: Ownwell