Golden, Gilpin County, Colorado Property Taxes
The median property tax rate in Golden, CO is 0.51%, which is considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Golden at $464,250, the typical annual property tax bill reaches $1,393, significantly below the national median of $2,690. Property taxes in Golden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Golden'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 Golden 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
Golden, Gilpin County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$2,368
$2,197
Ownwell’s Golden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golden 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 Golden, Gilpin County, Colorado
Property taxes in Golden, Colorado, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden is 0.51%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Golden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden 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 Golden's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80403 zip code has the highest median property tax rate of 0.51%, while the 80403 zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Golden provides valuable insights into the varying tax landscape across Gilpin, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Golden Tax Rate
0.51%
Average Gilpin County Tax Rate
0.41%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden, Gilpin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80403 | 0.21% | 0.21% | 0.51% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Golden, Gilpin County, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Golden, 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 Gilpin 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 Golden, 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 found in the 80403 zip code, amounting to $1,393. 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 Golden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Golden, Gilpin County, Colorado
Source: Ownwell
$264,845
$364,548
$464,250
Average Golden Assessed Value
$464,250
Average Gilpin County Assessed Value
$340,645
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golden, Gilpin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80403 | $90,480 | $325,900 | $464,250 | $576,480 | $752,110 |
Source: Ownwell
Property Tax Bills Across Golden, Gilpin County, Colorado
In Golden, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For instance, with a median home price of $464,250, the assessed value is derived from this figure. The tax rate is then applied to the assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location within the county, local tax rates, and any applicable exemptions or abatements. These factors collectively impact how much homeowners will pay each year. For example, in Golden, tax bills can vary significantly, with the 25th percentile at $937 and the 75th percentile at $2,523. The 90th percentile reaches up to $3,392, reflecting higher-value properties or areas with higher tax rates. This variability in tax bills affects homeowners by influencing their annual financial planning and potentially impacting their decisions regarding property investments and homeownership.
Average Golden Tax Bill
$1,393
Average Gilpin County Tax Bill
$1,047
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden, Gilpin County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80403 | $405 | $937 | $1,393 | $2,523 | $3,392 |
Source: Ownwell