Frisco, Colorado Property Taxes
The median property tax rate in Frisco, CO is 0.40%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Frisco at $609,400, the typical annual property tax bill reaches $2,681, just below the national median of $2,690. Property taxes in Frisco 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 Frisco'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 Frisco 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
Frisco, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$2,438
$2,262
Ownwell’s Frisco Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Frisco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frisco to provide an accurate property tax estimate. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for financial planning. For those interested in more detailed insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value is determined by Summit County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Frisco, Colorado
Property taxes in Frisco, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frisco is 0.40%, which is notably lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Frisco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frisco 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 Frisco's effective property tax rate to other counties in Colorado and the national median. For comparison, the 80443 zip code has both the highest and the lowest median property tax rate of 0.40%. Understanding how these cities compare with Frisco provides valuable insights into the varying tax landscape across Summit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Frisco Tax Rate
0.40%
Average Summit County Tax Rate
0.40%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frisco, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80443 | 0.40% | 0.40% | 0.40% | 0.40% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Frisco, Colorado
In Frisco, 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 Summit 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 Frisco, 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. The zip code 80443 has the highest median tax bill at $2,681, which is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes in Frisco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Frisco Assessed Value
$609,400
Average Summit County Assessed Value
$629,250
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Frisco, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80443 | $348,260 | $470,900 | $609,400 | $863,200 | $1,210,880 |
Source: Ownwell
Property Tax Bills Across Frisco, Colorado
In Frisco, CO, located in Summit County, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The median home price in Frisco is $609,400. The tax rate in this region is applied to the assessed value to determine the annual tax bill. Homeowners in Frisco can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $2,050, while at the 75th percentile, it rises to approximately $3,603. At the 90th percentile, it can reach as high as $4,909. This variation is influenced by factors such as property location, size, and market conditions. Compared to the national median property tax rate of 0.99%, homeowners in Frisco experience a range of tax bills. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Frisco Tax Bill
$2,681
Average Summit County Tax Bill
$2,627
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Frisco, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80443 | $1,522 | $2,050 | $2,681 | $3,603 | $4,909 |
Source: Ownwell