Brighton, Colorado Property Taxes
The median property tax rate in Brighton, CO is 0.35%, considerably lower than both the national median of 0.99% and the Colorado state median of 0.55%. With the median home value in Brighton at $479,600, the typical annual property tax bill reaches $1,902, falling below the national median of $2,690. Property taxes in Brighton 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 Brighton'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 Brighton 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
Brighton, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$1,679
$1,558
Ownwell’s Brighton Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Brighton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Brighton to provide an accurate estimate of your property tax bill. This tool offers critical insight into potential tax liabilities, helping you plan your finances more effectively. For those interested in more detailed information, neighborhood-level trends are available further down the page. Your property’s assessed value, determined by Weld County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Brighton, Colorado
Property taxes in Brighton, Colorado, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brighton is 0.35%, significantly lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Brighton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brighton 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 Brighton's effective property tax rate to other areas in Colorado and the national median. For comparison, the highest median property tax rate in the region is found in zip code 80123 with a rate of 0.80%, while the lowest median tax rate is in zip code 80012 at 0.25%. Understanding how these areas compare with Brighton provides valuable insights into the varying tax landscape across Weld County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brighton Tax Rate
0.35%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brighton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80603 | 0.26% | 0.30% | 0.35% | 0.65% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Brighton, Colorado
In Brighton, 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 Weld 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 Brighton, 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. For instance, Brighton's median home price is $479,600, with tax bills ranging from $1,324 at the 25th percentile to $3,526 at the 90th percentile. The zip code 80603 has the highest and lowest median tax bill, both at $1,902. Being aware of these valuation processes in Brighton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brighton Assessed Value
$479,600
Average Weld County Assessed Value
$452,949
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brighton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80603 | $297,736 | $438,804 | $479,600 | $522,338 | $620,130 |
Source: Ownwell
Property Tax Bills Across Brighton, Colorado
In Brighton, located in Weld County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Brighton is $479,600. Tax rates are applied to this assessed value to determine the annual property tax bill. Factors such as property location, market trends, and local government budgets play a significant role in determining these rates. Homeowners in Brighton experience a range of property tax bills. The 25th percentile tax bill is around $1,324, while the 75th percentile reaches up to $3,184. At the 90th percentile, homeowners may see bills as high as $3,526. The highest and lowest median tax bills in the area are both $1,902, specifically in the 80603 zip code. Comparatively, Brighton's property tax rates can be assessed against the national median property tax rate of 0.99%. These calculations directly impact homeowners by influencing their annual financial obligations and affecting their overall cost of living.
Average Brighton Tax Bill
$1,902
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Brighton, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80603 | $891 | $1,324 | $1,902 | $3,184 | $3,526 |
Source: Ownwell