Frederick, Colorado Property Taxes
The median property tax rate in Frederick, CO is 0.53%, slightly lower than the Colorado state median of 0.55% and well below the national median of 0.99%. With a median home value of $521,027 in Frederick, the typical annual property tax bill reaches $2,963, surpassing the national median of $2,690. Property taxes in Frederick 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 Frederick'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 Frederick 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
Frederick, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$2,761
Ownwell’s Frederick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Frederick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frederick 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 Frederick, Colorado
Property taxes in Frederick, Colorado, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Frederick is 0.53%, which is lower than both the Colorado state median and the U.S. national median of 0.99%. Local government entities within Frederick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frederick 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 Frederick's effective property tax rate to other areas in Colorado and the national median. For comparison, the 80516 zip code has the highest median property tax rate of 0.84%, while the 80504 zip code has the lowest median tax rate of 0.51%. Understanding how these areas compare with Frederick 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 Frederick Tax Rate
0.53%
Average Weld County Tax Rate
0.49%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frederick, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80504 | 0.40% | 0.50% | 0.51% | 0.54% | 0.85% |
| 80516 | 0.73% | 0.84% | 0.84% | 0.85% | 0.85% |
| 80530 | 0.39% | 0.51% | 0.54% | 0.75% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Frederick, Colorado
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Frederick, 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 Weld County Assessor’s Office 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 Frederick, 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. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Frederick is $4,899 in the 80516 zip code, while the lowest is $2,500 in the 80530 zip code.
Average Frederick Assessed Value
$521,027
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 Frederick, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80504 | $465,334 | $508,434 | $562,925 | $632,700 | $698,666 |
| 80516 | $505,308 | $524,311 | $591,018 | $653,928 | $705,911 |
| 80530 | $256,793 | $405,886 | $483,666 | $541,594 | $591,053 |
Source: Ownwell
Property Tax Bills Across Frederick, Colorado
In Frederick, CO, property tax bills are calculated based on the assessed value of your home, which is determined by the Weld County Assessor. The assessed value is a percentage of the market value of your property. Various factors, such as property size, location, and improvements, influence this market value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in Frederick, the median home price is $521,027. Depending on the specific area, tax bills can vary significantly. For instance, tax bills at the 25th percentile are around $2,320, while those at the 75th percentile can reach up to $4,309. The 90th percentile tax bill is approximately $4,888. The highest median tax bill recorded in the region is $4,899 in the 80516 zip code, contrasting with the lowest median tax bill of $2,500 in the 80530 zip code. These property taxes impact homeowners by influencing their overall cost of living and potentially affecting their homeownership affordability.
Average Frederick Tax Bill
$2,963
Average Weld County Tax Bill
$2,133
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Frederick, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80504 | $2,383 | $2,720 | $3,139 | $3,714 | $4,464 |
| 80516 | $4,029 | $4,371 | $4,899 | $5,442 | $5,865 |
| 80530 | $1,343 | $1,909 | $2,500 | $3,964 | $4,677 |
Source: Ownwell