Property Tax in Colorado (2026): Rates, Exemptions, and Real Numbers

Colorado Property Tax Rates by County

Highest and lowest effective rates within Colorado

Property Tax Calculator — Colorado

Pre-loaded with Colorado's 0.49% effective rate and $537,600 median price

Property Tax by City in Colorado

Annual and monthly property tax by city, based on local median prices and the statewide effective rate

Colorado Homestead Exemption

How Colorado Assesses Property Values

Assessment cycle: Two-year reassessment cycle. Odd years are revaluation years; even years hold prior values. 2025 was a revaluation year (next: 2027).

Property Tax's Impact on Your True Monthly Cost

On a $537,600 home in Colorado

Property tax represents 5% of the true monthly cost in Colorado.

Mortgage Calculator Including Property Tax — Colorado

See your full PITI (principal, interest, taxes, insurance) payment

How Colorado's Property Tax Affects Affordability

$220/month in property tax reduces the home price you can afford. Use the affordability calculator to see the real impact.

Property Tax After Refinancing in Colorado

Refinancing changes your P&I but not your property tax. If your home was reassessed at a higher value, your tax bill increases regardless of your rate.

Frequently Asked Questions

What is the property tax rate in Colorado?

Colorado's effective property tax rate is 0.49%, ranking #43 nationally. The median annual property tax bill is $2,634 ($220/month). Rates range from 0.21% in Jackson County to 0.62% in Broomfield County. Source: Tax Foundation Property Taxes by State 2024.

Does Colorado have a homestead exemption?

Yes — Colorado offers a homestead exemption for primary residences. SB24-233 (2024): 10% of home value (up to $700K assessed value) exempt from county, city, fire, and special district taxes. Seniors 65+ who have owned and occupied for 10+ consecutive years qualify for 50% exemption on first $200,000 of actual value.. Apply through your county assessor's office after purchasing your home.

How often is property reassessed in Colorado?

Colorado reassesses property on a two-year reassessment cycle. odd years are revaluation years; even years hold prior values. 2025 was a revaluation year (next: 2027). basis. When your property is reassessed, your tax bill changes based on the new assessed value multiplied by the applicable rate. If you believe your assessment is too high, you can appeal — most counties allow 30-90 days after receiving your assessment notice.

How is property tax calculated in Colorado?

Property tax = Assessed Value × Mill Rate (or effective rate). In Colorado, the effective rate is 0.49% of market value. On a $537,600 home: $537,600 × 0.49% = $2,634/year. Assessments may use a fraction of market value — the effective rate accounts for this.

Can I appeal my property tax assessment in Colorado?

Yes. If your assessed value is higher than comparable sales in your area, you can file an appeal with your county assessment board. Steps: (1) Get your assessment notice, (2) Research comparable recent sales, (3) File an appeal by the deadline (typically 30-90 days from assessment notice). Studies show 20-40% of appeals result in a reduction. The process is free and you represent yourself — no attorney required.

Are property taxes included in my mortgage payment in Colorado?

Most lenders require an escrow account that collects $220/month ($2,634/year ÷ 12) along with your mortgage payment, then pays the county on your behalf. If your loan-to-value is below 80%, you may be able to opt out of escrow and pay taxes directly. Note: if your assessed value rises, your escrow payment adjusts and your total monthly cost increases.

What Colorado counties have the highest and lowest property taxes?

Colorado's highest effective rate is in Broomfield County at 0.62%. The lowest is Jackson County at 0.21%. That's a 0.41% spread — on a $537,600 home, the difference is $2,204/year.