Estimate your Colorado property tax based on the state's 0.49% average effective rate. Enter your home value for an instant, free calculation.
Enter any tax exemption amount you qualify for in Colorado
Colorado has one of the lowest effective property tax rates in the nation at 0.49%, ranking 45th out of 50 states. However, high median home values — over $461,000 — mean actual dollar amounts can still be significant for homeowners.
Colorado uses a unique system where residential property is assessed at 6.95% of actual value before the mill levy is applied. This assessment ratio dramatically reduces the taxable base compared to states assessing at full value.
| Home Value | Estimated Annual Tax | Monthly (Escrow) |
|---|---|---|
| $250,000 | $1,225 | $102/mo |
| $461,000 (median) | $2,259 | $188/mo |
| $600,000 | $2,940 | $245/mo |
Colorado's Senior Property Tax Exemption allows qualifying seniors (65+, owned home 10+ years) to exempt 50% of the first $200,000 of actual value. 100% disabled veterans may receive a similar exemption.
Colorado property taxes are due in two installments: February 28 (first half) and June 15 (second half), or the full amount by April 30.
Denver, Jefferson, and Arapahoe counties have higher mill levies due to urban services. Mountain resort communities like Pitkin County (Aspen) have very high home values but still benefit from the low assessment ratio.