Colorado Property Tax Calculator
Calculate property taxes in Colorado. CO effective property tax rate is 0.51% with a median home value of $550,000. Includes CO assessment ratios and exemptions.
Colorado at a Glance
$550,000
Median Home Price
0.51%
Property Tax Rate
$2,800
Avg Home Insurance
$766,550
FHA Loan Limit
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Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Property Tax Calculator in Colorado
The median home price in Colorado is $550,000, which is 31% above the national average of $420,000. Colorado's effective property tax rate of 0.51% is 0.59 percentage points lower than the national average of 1.1%.
| Metric | Colorado (CO) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $550,000 | $420,000 | +31% |
| Property Tax Rate | 0.51% | 1.1% | -0.59% |
| Home Insurance (Annual) | $2,800 | $2,300 | +22% |
| State Sales Tax | 2.9% | 5% | -2.1% |
| FHA Loan Limit | $766,550 | $472,030 | Higher |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
Homeownership in Colorado
Colorado's housing market has been shaped by a massive influx of tech workers, remote workers, and outdoor lifestyle seekers over the past decade. The Denver metro median now sits around $550,000, and mountain resort communities like Aspen, Vail, and Breckenridge have median prices that are multiples of the state average. Colorado's residential property is assessed at just 7.15% of actual value, keeping effective tax bills relatively low despite the strong market.
Tips for Colorado Homebuyers and Homeowners
- Colorado's residential assessment ratio of 7.15% significantly lowers the taxable base -- on a $550,000 home, your assessed value for tax purposes is roughly $39,000.
- The state passed Proposition HH in 2023 to limit property tax increases as values have surged; monitor your county assessor notices closely and appeal if the assessed value seems inflated.
- Wildfire insurance has become increasingly expensive and sometimes unavailable in mountain communities and the Front Range foothills -- get insurance quotes before making an offer on rural or semi-rural properties.
- Colorado has no state estate tax and relatively moderate income tax at a flat 4.4% -- this makes it appealing for high earners relocating from states with progressive income taxes.
Colorado Programs and Assistance
- Colorado Housing and Finance Authority (CHFA) First Step Program -- offers 30-year fixed mortgages below market rate paired with down payment assistance up to 3% of the loan amount.
- CHFA SmartStep Plus -- combines a competitive first mortgage with a second mortgage for down payment and closing costs, available for first-time and repeat buyers.
- Colorado Mortgage Credit Certificate (MCC) -- federal tax credit of 20% of annual mortgage interest, available to first-time buyers at or below income limits.
Did you know? Colorado home values increased by over 70% between 2018 and 2023 in the Denver metro, one of the steepest appreciation runs of any major U.S. metropolitan area during that period.