2026 effective rate · 0.51% · well below the US average (0.99%)
Colorado Property Tax Calculator
Estimate annual and monthly property tax in Colorado. The state's effective property tax rate is 0.51% (one of the lowest in the US, vs the US average of about 0.99%). On a $479,900 median-value home, that works out to about $2,470 per year or $204 per month.
Colorado median home property tax
$2,447 per year
$204 per month at the median home value of $479,900
Effective rate 0.51% times $479,900 = $2,447
Colorado property tax at common home values
| Home value | Annual property tax | Monthly | % of value |
|---|---|---|---|
| $150,000 | $765 | $64 | 0.51% |
| $250,000 | $1,275 | $106 | 0.51% |
| $350,000 | $1,785 | $149 | 0.51% |
| $479,900 (median) | $2,447 | $204 | 0.51% |
| $500,000 | $2,550 | $213 | 0.51% |
| $750,000 | $3,825 | $319 | 0.51% |
Uses Colorado's 2026 effective rate (0.51%). Actual taxes vary by county and exemptions. For full PITI mortgage estimate including taxes + insurance, use the Colorado mortgage calculator.
Colorado property tax overview
Colorado property tax rates are below the national average, but high home values mean median bills are substantial. Senior homestead exemption available at 65+.
Colorado's effective rate of 0.51% ranks one of the lowest in the US nationally. Median annual property tax: $2,470. Median home value: $479,900.
Colorado vs neighboring states
FAQs about Colorado property tax
What is the property tax rate in Colorado?
Colorado's effective property tax rate is 0.51% (one of the lowest in the US, vs national average of ~0.99%). On a $479,900 median-value home, that's about $2,470 per year, or roughly $204 per month added to your housing cost.
How is property tax calculated in Colorado?
Property tax = assessed value times the local mill rate (millage). The effective rate (0.51%) is what you actually pay as a percentage of market value, accounting for assessment ratios, exemptions, and millage. For a home valued at X, multiply X by 0.51% for an annual estimate.
When are property taxes due in Colorado?
Property tax due dates vary by county within Colorado. Most counties bill annually with either a single payment or two installments. Common payment deadlines fall in late summer (1st half) and late winter (2nd half). Check with your county tax assessor for exact dates and any escrow arrangements through your mortgage lender.
Does Colorado have a homestead exemption?
Colorado property tax rates are below the national average, but high home values mean median bills are substantial. Senior homestead exemption available at 65+.
How does Colorado property tax compare to neighboring states?
Colorado's 0.51% rate compares to: Wyoming (0.55%), Nebraska (1.57%), Kansas (1.31%). Property tax burden can vary significantly between neighboring states — moving 30 miles across a state line can change your annual tax bill by thousands.
Can I appeal my property tax assessment in Colorado?
Yes. Every US state including Colorado provides a formal property tax appeal process. Steps: (1) request your property's assessment record from the county assessor, (2) gather comparable sales from your neighborhood, (3) file a formal appeal within the deadline (usually 30-60 days after assessment notice). Successful appeals typically save 5-15% on annual tax bills.
How can I lower my Colorado property taxes?
Common strategies: apply for homestead exemption (primary residence), senior or disabled exemptions if eligible, veteran's exemptions, and appeal over-assessment. Track your county's assessment notices carefully and verify the appraisal matches recent comparable home sales. Avoid major visible upgrades right before reassessment dates.