Highlands Ranch, Colorado Property Taxes
The median property tax rate in Highlands Ranch, CO is 0.63%, which is higher than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $506,728 in Highlands Ranch, the typical annual property tax bill reaches $3,153, surpassing the national median of $2,690. Property taxes in Highlands Ranch are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Highlands Ranch'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 Highlands Ranch 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
Highlands Ranch, 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 Highlands Ranch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highlands Ranch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highlands Ranch 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 Highlands Ranch, Colorado
Property taxes in Highlands Ranch, Colorado, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Highlands Ranch is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Highlands Ranch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highlands Ranch 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 Highlands Ranch's effective property tax rate to other areas in Douglas County and the national median. For comparison, the 80126 zip code has the highest median property tax rate of 0.63%, while the 80130 zip code has the lowest median tax rate of 0.63%. Understanding how these areas compare with Highlands Ranch 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 Highlands Ranch Tax Rate
0.63%
Average Douglas County Tax Rate
0.64%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highlands Ranch, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80126 | 0.54% | 0.63% | 0.63% | 0.64% | 0.64% |
| 80129 | 0.57% | 0.63% | 0.63% | 0.64% | 0.64% |
| 80130 | 0.53% | 0.63% | 0.63% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Highlands Ranch, Colorado
In Highlands Ranch, 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 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 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. In Highlands Ranch, the median home price is $506,728, with tax bills ranging from $2,712 at the 25th percentile to $4,623 at the 90th percentile. The highest median tax bill is $3,331 in zip code 80126, while the lowest median tax bill is $3,023 in zip code 80129. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Highlands Ranch, Colorado
Source: Ownwell
$328,961
$525,417
$721,873
Average Highlands Ranch Assessed Value
$506,728
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 Highlands Ranch, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80126 | $377,196 | $445,743 | $535,490 | $660,580 | $815,751 |
| 80129 | $389,748 | $430,750 | $482,135 | $571,596 | $693,678 |
| 80130 | $396,288 | $435,056 | $500,224 | $583,320 | $655,843 |
Source: Ownwell
Property Tax Bills Across Highlands Ranch, Colorado
In Highlands Ranch, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the Douglas County Assessor's Office. The assessed value is a percentage of the market value of the property. Homeowners in Highlands Ranch typically see a median property tax bill around $3,331 in ZIP code 80126, while in ZIP code 80129, the median tax bill is slightly lower at $3,023. Several factors influence the final tax bill, including the property's location, improvements, and any applicable exemptions. The tax rate in Highlands Ranch is competitive compared to the national median property tax rate of 0.99%. For instance, homeowners in the 25th percentile pay approximately $2,712, while those in the 75th percentile pay around $3,825. A higher tax bill can impact homeowners by increasing their monthly mortgage payments and overall housing costs. Understanding how these taxes are calculated can help homeowners budget more effectively and potentially explore options for appealing their assessed values.
Average Highlands Ranch Tax Bill
$3,153
Average Douglas County Tax Bill
$3,328
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Highlands Ranch, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80126 | $2,292 | $2,750 | $3,331 | $4,129 | $5,145 |
| 80129 | $2,374 | $2,693 | $3,023 | $3,607 | $4,467 |
| 80130 | $2,453 | $2,702 | $3,094 | $3,630 | $4,128 |
Source: Ownwell