Colorado Homes Taxed At Some Of The Lowest Rates In Country

Dated: 04/10/2017

Views: 378

Image title

The effective property tax rate for single-family homes in Colorado last year averaged 0.52 percent versus the 1.15 percent rate averaged nationally, according to ATTOM Data Solutions, which looked at property taxes on more than 84 million single-family homes in 586 U.S. counties.

Nationally, single-family homeowners paid an average of $3,296 in property taxes last year, while in Colorado they paid only $2,046. The tab was smaller here even though the average market value of a home, at $394,604, was $109,110 higher than the U.S. average of $285,495.

Colorado’s lower rates come with a price. When local governments and school districts don’t collect enough in property taxes, the state must back-fill from its coffers, leaving less money to go around for things like roads and higher education.

“This puts more pressure on the state budget,” said Chris Stiffler, an economist with the Colorado Fiscal Institute in Denver.

Image title


One reason Colorado ranks so low on property tax rates is the passage in 1982 of the Gallagher Amendment, which limits the share of the property tax base attributable to residential to 45 percent of the total.

Over the decades, Gallagher, in combination with other measures like the Taxpayer’s Bill of Rights, has pushed down Colorado’s residential property tax rates. But homeowners don’t necessarily realize or appreciate it, because rising home prices, primarily along the northern Front Range, have forced them to write bigger checks to their counties, Stiffler said.




Denver Colorado Real Estate Professional
 -Michael Steffen

Michael is a motivated realtor specializing with investors and new home buyers located in the following areas; DenverArvada,Aurora and surrounding areas. Michael Steffen uses advanced internet marketing to insure your property gets maximum exposure and holds a high value of ethics in his work to ensure the ideal scenario for everyone! For help with buying or selling a property call 303-981-2750!

eNewsletter Sign Up

Blog author image

Generation Property Group

My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....

Latest Blog Posts

Neighborhood of the Week! Wash Park!

Our featured neighborhood of the week is Washington Park! With luscious landscaping, two lakes, and friendly atmosphere we think Wash Park is the absolute prime location for Denver Real Estate.

Read More

Take a Hike!

As much as we love the Denver real estate market we also love spending time with our loved ones outdoors! Here are our top favorite hiking trails not far from Denver. Lair O the Bear A

Read More

Top Home Decor Trends for 2020

If you love decorating your home as much as we do, you'll love these Denver real estate market trends for 2020.Spice Up The Bathroom.Since bathrooms are typically small.. it's a great space to

Read More

When Should I Buy A Home?

When is a good time to buy a home? We always say.. the best time to buy a home is when you can afford it. Buyers should always explore their loan options by taking a look at interest rates if they

Read More