Property Tax Rates & Rules
Colorado has an average effective property tax rate of 0.48%, making it one of the lowest property tax states in the nation. On a median-valued home of $560,000, the typical annual property tax bill is $2,688. Homeowners may qualify for a homestead exemption, which can reduce the taxable value of a primary residence. Exempts 50% of the first $200,000 of actual value for qualifying seniors and disabled veterans. Senior citizens may qualify for additional exemptions or tax relief programs. If you believe your property is over-assessed, you have the right to appeal.
Assessment Method
Residential assessment rate is adjusted periodically; 2025/2026 cycles utilize specific assessment caps.
Homestead Exemption Details
Exempts 50% of the first $200,000 of actual value for qualifying seniors and disabled veterans.
Senior Exemption Details
Senior Homestead Exemption for 65+ who have owned/occupied for 10+ consecutive years.
How to Appeal Your Assessment
Protest to County Assessor in May/June; appeal to Board of Equalization by July 15.
What is the property tax rate in Colorado?
Colorado has an average effective property tax rate of 0.48%. On a home valued at $560,000, the typical annual property tax bill is approximately $2,688. Rates vary by county — Adams has the highest rates while Park has the lowest.
Does Colorado have a homestead exemption?
Yes. Colorado offers a homestead exemption for primary residences. Exempts 50% of the first $200,000 of actual value for qualifying seniors and disabled veterans.
How is property assessed in Colorado?
Colorado assesses property at 6.7%. Residential assessment rate is adjusted periodically; 2025/2026 cycles utilize specific assessment caps. The assessed value is then multiplied by the local mill rate to determine your property tax bill.
How do I appeal my property tax assessment in Colorado?
Protest to County Assessor in May/June; appeal to Board of Equalization by July 15.
Are there senior property tax exemptions in Colorado?
Yes. Colorado offers property tax relief for senior citizens. Senior Homestead Exemption for 65+ who have owned/occupied for 10+ consecutive years.
When are property taxes due in Colorado?
Colorado property taxes are paid on a Full payment by April 30, or two halves: February 28 and June 15.. Contact your county tax collector for exact due dates and payment options for your area.
How does Colorado property tax compare to neighboring states?
Colorado's average effective rate of 0.48% is well below the national average of approximately 1.1%. Use the comparison table above to see how neighboring states compare.
Think Your Colorado Property Tax Is Too High? — Partner Services
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Official Source
Colorado Tax Authority
Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.