Lone Tree, Colorado Property Taxes
The median property tax rate in Lone Tree, CO is 0.63%, which is higher than both the national median of 0.99% and Colorado's state median of 0.55%. With a median home value of $578,567 in Lone Tree, the typical annual property tax bill reaches $3,906, surpassing the national median of $2,690. Property taxes in Lone Tree are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lone Tree'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 Lone Tree 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
Lone Tree, 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 Lone Tree Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lone Tree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lone Tree 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 Lone Tree, Colorado
Property taxes in Lone Tree, Colorado, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lone Tree is 0.63%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Lone Tree set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lone Tree 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 Lone Tree's effective property tax rate to other areas in Colorado and the national median. For comparison, the 80134 zip code has the highest median property tax rate of 3.22%, while the 80124 zip code has the lowest median tax rate of 0.63%. Understanding how these areas compare with Lone Tree 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 Lone Tree 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 Lone Tree, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80124 | 0.54% | 0.62% | 0.63% | 0.87% | 0.93% |
| 80134 | 0.65% | 1.63% | 3.22% | 4.27% | 4.27% |
Source: Ownwell
Property Tax Assessment Values Across Lone Tree, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lone Tree, Colorado. 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. In Lone Tree, 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. For instance, the highest median tax bill is $3,907 in the 80124 zip code, while the lowest median tax bill is $2,467 in the 80134 zip code. 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 Lone Tree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lone Tree Assessed Value
$578,567
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 Lone Tree, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80124 | $396,633 | $453,124 | $578,567 | $822,206 | $1,160,792 |
| 80134 | $57,313 | $58,335 | $388,608 | $2,083,605 | $4,541,131 |
Source: Ownwell
Property Tax Bills Across Lone Tree, Colorado
In Lone Tree, located in Douglas County, CO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the home's market value, local tax rates, and any applicable exemptions or deductions. For example, homeowners in Lone Tree might see a range of tax bills. The 25th percentile tax bill is around $2,961, while the 75th percentile reaches $5,853. At the 90th percentile, tax bills can climb as high as $9,434. Comparatively, the highest median tax bill in the area is $3,907 in the 80124 zip code, whereas the lowest median tax bill is $2,467 in the 80134 zip code. These property taxes significantly impact homeowners, as they can influence overall housing affordability and budget planning. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Lone Tree Tax Bill
$3,906
Average Douglas County Tax Bill
$3,328
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Lone Tree, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80124 | $2,428 | $2,963 | $3,907 | $5,853 | $9,433 |
| 80134 | $726 | $1,814 | $2,467 | $35,376 | $94,524 |
Source: Ownwell