Castle Pines, Colorado Property Taxes
The median property tax rate in Castle Pines, CO is 0.67%, which is lower than the national median of 0.99% but higher than the Colorado state median of 0.55%. With a median home value of $606,779 in Castle Pines, the typical annual property tax bill amounts to $4,175, significantly exceeding the national median of $2,690. Property taxes in Castle Pines are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Castle Pines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Castle Pines or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Castle Pines, Colorado Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Castle Pines Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Castle Pines with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Castle Pines to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more granular details, you can scroll down to find localized information at the neighborhood level. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Castle Pines, Colorado
Property taxes in Castle Pines, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Castle Pines is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Castle Pines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Castle Pines 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 Castle Pines' effective property tax rate to other counties in Colorado and the national median. For comparison, the 80108 zip code has both the highest and lowest median property tax rate of 0.67%. Understanding how these cities compare with Castle Pines provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Castle Pines Tax Rate
0.67%
Average Douglas County Tax Rate
0.64%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Castle Pines, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80108 | 0.57% | 0.67% | 0.67% | 0.67% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Castle Pines, Colorado
In Castle Pines, 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 Douglas County Assessor's Office 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. Assessment notices in Castle Pines 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Castle Pines is $606,779, with tax bills ranging from $3,532 at the 25th percentile to $7,567 at the 90th percentile. The zip code 80108 has both the highest and lowest median tax bill of $4,175.
Average Castle Pines Assessed Value
$606,779
Average Douglas County Assessed Value
$496,355
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Castle Pines, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80108 | $414,774 | $525,842 | $606,779 | $713,596 | $872,586 |
Source: Ownwell
Property Tax Bills Across Castle Pines, Colorado
In Castle Pines, located in Douglas County, CO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Castle Pines is $606,779. To determine the tax bill, the assessed value is multiplied by the local tax rate. Factors such as property improvements, market conditions, and neighborhood characteristics influence the assessed value. Homeowners in Castle Pines can expect varying tax bills. For instance, the 25th percentile tax bill is $3,532, while the 75th percentile reaches $5,586. The highest median tax bill in the area is $4,175, specifically in the 80108 zip code. These tax bills directly impact homeowners' finances, as they represent a significant annual expense. Given that the national median property tax rate is 0.99%, Castle Pines homeowners may find their tax obligations relatively comparable, depending on the exact valuation and applicable exemptions. Understanding these factors can help homeowners better manage their budgets and anticipate future costs.
Average Castle Pines Tax Bill
$4,175
Average Douglas County Tax Bill
$3,328
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Castle Pines, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80108 | $2,826 | $3,532 | $4,175 | $5,586 | $7,567 |
Source: Ownwell