Colorado (CO) Property Tax Info

How much is property tax in Colorado?

Colorado property tax rate are used to support local services. In fact, 100% of property tax revenue stays within the county in which it is collected, meaning none of it goes to the state. That may be part of the reason that Colorado has some of the lowest residential property taxes in the country, with an average effective rate of just 0.49%.

Low property taxes can be a draw to live in Colorado or own a vacation home there. If you’re thinking about purchasing property in Colorado or are looking to refinance, check out SmartAsset’s Colorado mortgage guide for details about mortgages in the Centennial State.

Colorado Property Tax Rate Info Records

Colorado Personal Property Tax in Colorado depend on two things: the market value of the property and the total tax rates local taxing authorities levy. Taxing authorities include counties, cities, school districts and some special taxing districts set up for specific purposes. For example, this could be to fund a water or sanitation system.

Colorado has some of the lowest residential property taxes in the country, with an average effective rate of just 0.49%. That gives the state the third-lowest rate in the U.S. It’s also well below the national average of 1.07%.