Property Taxes in Colorado
Colorado's effective property tax rate is 0.5%, ranking #10 out of 50 states (1 = lowest). The median annual property tax paid is $2,017.
Colorado's residential property tax system is unusually complex. The state sets a residential assessment rate (currently 6.765% of actual value), which is among the lowest in the country, resulting in low effective tax rates. However, local mill levies from school districts, fire districts, and metro districts stack on top and vary dramatically by address. Homes in metro districts (common in newer suburban developments) can face combined rates 2-3 times higher than established neighborhoods without these districts.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.5%
Median Annual Tax
$2,017
National Rank
#10 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,000 | $83 |
| $300,000 | $1,500 | $125 |
| $400,000 | $2,000 | $167 |
| $500,000 | $2,500 | $208 |
| $750,000 | $3,750 | $313 |
* Based on the average effective rate of 0.5%. Actual rates vary by county and municipality.
Homestead Exemption in Colorado
Up to $250,000
File for the homestead exemption after purchasing your primary residence in Colorado to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Colorado Compares
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