Colorado Property Tax Calculator 2026
Calculate your Colorado property taxes — effective rate 0.51%, average annual tax $2,500. Updated June 2026.
Colorado Property Tax Overview
Colorado has an effective property tax rate of 0.51%, making it one of the lowest in the nation (#48 lowest) among all 50 states. The average annual property tax in Colorado is $2,500 on a median home value of $490,200.
- Effective tax rate: 0.51%
- Assessment ratio: 7.15% residential
- Median home value: $490,200
- Average annual tax: $2,500 ($208/month)
How Colorado Property Tax Works
Colorado properties are assessed at 7.15% residential of market value. The assessed value is then multiplied by the local millage rate to determine your annual tax bill.
Colorado Property Tax = Assessed Value × Local Millage Rate
Local millage rates vary by county, city, school district, and special districts within Colorado. Your total rate is the sum of all applicable levies.
Colorado Property Tax Exemptions
- Homestead exemption: Varies by county; typically exempts a portion of value
- Senior exemption: Available in most counties — check your local assessor's office for specific amounts and age thresholds (typically 65+)
- Veteran exemption: Disabled veterans (10%+ rating) may qualify for additional exemptions — varies by county. Contact your county assessor for details
- Disability exemption: Disability exemptions available in most counties — typically mirrors the senior exemption. Contact your county assessor for specific amounts
How Colorado Compares to Neighboring States
How to Appeal Your Colorado Property Tax
If you believe your Colorado property is over-assessed, you have the right to appeal:
- 1. Contact your county assessor — Review your assessment for errors in square footage, lot size, or condition
- 2. Gather comparable sales — Find 3-5 similar homes sold recently in your Colorado neighborhood with lower values
- 3. File by the deadline — Colorado appeal deadlines vary by county; check your assessment notice
- 4. Present evidence — Focus on facts and comparable data, not complaints about tax rates
- 5. Success rate: 50-70% of Colorado property tax appeals result in a reduction
Frequently Asked Questions
What is the property tax rate in Colorado?
The effective property tax rate in Colorado is 0.51% as of 2026. On a home valued at $490,200, the annual property tax is approximately $2,500.
How are properties assessed in Colorado?
In Colorado, properties are assessed at 7.15% residential of market value. The assessed value determines the taxable value used to calculate your property tax bill.