Property Tax Calculators Colorado

Colorado Property Tax Calculator

Colorado property tax is assessed value times your total mill levy. Enter both from your county tax bill, or start from the 0.5% statewide average.

A Colorado bill multiplies the assessed value by the total mill levy of every district the home sits in (mills are dollars per $1,000). This page does not price the residential assessment rate or local levies; your Notice of Valuation and tax bill show both, so enter them below. Until you do, the estimate uses the 0.5% statewide average.

By StateCalc Team

Updated Oct 22, 2026 Estimate — not official figures

Use Calculator Free — No Sign-up Instant Results Updated Oct 2026

Estimate only — these are not official figures

Home value multiplied by Colorado's statewide effective property-tax rate of 0.5% — an aggregate statistical average (total real estate taxes paid on owner-occupied homes ÷ total value of those homes) computed from U.S. Census Bureau ACS 2024 5-year tables B25090 and B25082 and published by the Tax Foundation. It is not a median, and it is not the millage of any specific county, city, or school district. Assessed value, local rates, and exemptions vary within Colorado, so an individual bill can differ substantially. The optional homestead reduction is a generic model, not Colorado's actual exemption.

Do not rely on these amounts for budgeting or payment. For exact amounts, check the county assessor or tax collector's office where the property is located (they set the actual millage rate, assessed value, and exemptions).

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Enter Your Details

Adjust values to see instant results

Home Value

$10,000$10,000,000

Pre-filled: Colorado median

Property Tax Rate

05%

Pre-filled: Tax Foundation

Homestead Exemption

Assessed Value (from your tax bill)

$0$5,000,000

Total Mill Levy (from your tax bill)

0400

Estimated Annual Property Tax

$2,715.00

Estimated • Based on your inputs

Estimated Monthly Property Tax

$226.25

Your effective tax rate is 0.5%.

Detailed Breakdown

Modeled Effective Rate0.50%

State Avg Effective Rate0.50%

National Avg Effective Rate0.94%

Disclaimer: This calculator provides estimates for informational purposes only. Results should not be considered financial, tax, or legal advice. Consult a qualified professional for your specific situation.

Colorado Quick Facts

4.4% Income Tax Rate

0.50% Property Tax Rate

$97,113 Median Income

102.7 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Colorado taxes a home on its assessed value, a share of the actual value the county assessor sets, times the mills levied by each taxing district. When you enter the assessed value and total mill levy from your bill, the result is assessed value × mills ÷ 1,000. Otherwise the result is your value times the 0.5% statewide figure, which is Census ACS 2024 taxes paid divided by home value (Tax Foundation), not a rate any district levies.

Standard financial formulas Pre-filled with documented models and state context Estimates only — not financial advice

Data Source

Tax Foundation — 2024 effective property-tax rates on owner-occupied housing: an aggregate statistical average (total real estate taxes paid ÷ total value of owner-occupied homes), computed from U.S. Census Bureau ACS 2024 5-year tables B25090 and B25082; state-level averages, not local rates

View Original Source | Source record reviewed Aug 25, 2026 | Review target: annually

Example Calculation

Let's estimate property taxes on a typical home in Colorado.

Assume a home valued at $543,000 — Colorado's typical home value. At Colorado's statewide effective property tax rate of 0.5% — an aggregate figure (total taxes paid on owner-occupied homes ÷ total value of those homes, Census ACS 2024), not a local millage — the estimate below applies that rate to the full value. It does not subtract any exemption, because homestead, senior, veteran, and disability exemptions are granted locally and none is assumed here.

Result: That works out to roughly $2,715/year, or about $226/month, before any exemption you may qualify for. Property taxes are one of the largest ongoing costs of homeownership. Unlike a fixed-rate mortgage payment, they can increase annually as home values rise and local governments adjust mill rates — budget for 1–3% annual increases in most markets.

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StateCalc Team

Editorial Team

The StateCalc team builds free financial calculators using data from official government sources including the IRS, U.S. Census Bureau, BLS, and state revenue departments. All formulas are validated by an automated test suite and cross-referenced against published data.

Our editorial standards

Frequently Asked Questions

How do I read a Colorado property tax bill?

Find the assessed value and the total levy (the sum of each district's mills). Tax = assessed value × total mills ÷ 1,000: an assessed value of $40,000 at 80 mills is $3,200 a year.

What is the property tax rate in Colorado?

Colorado's statewide effective property tax rate averages 0.5% — an aggregate figure (total property taxes paid on owner-occupied homes divided by the total value of those homes, per U.S. Census ACS 2024 5-year data compiled by the Tax Foundation), so local rates vary by county, city, and school district. Applied to a $543,000 home, that's an estimated $2,715 per year or about $226/month. Your actual bill depends on your jurisdiction's millage and assessed value.

Does Colorado have a homestead exemption?

Homestead rules in Colorado can depend on state law, county/municipal administration, property use, age, disability, veteran status, filing deadlines, and local options. Be careful comparing figures you find elsewhere: many states have two unrelated things both called a "homestead exemption" — one that reduces your taxable value (property-tax relief) and one that protects home equity from creditors (for example, Nevada's $605,000 figure is NRS 115.010, protection from forced sale, not a tax break). This calculator's homestead toggle is only a generic modeling assumption — it does not determine eligibility or encode Colorado's real exemption. Check the county assessor or tax collector where the property is located.

When are property taxes due in Colorado?

Property tax due dates vary by county in Colorado. Most counties bill semi-annually or annually. Check with your county assessor's office for specific dates. Many mortgage lenders collect property taxes monthly as part of escrow.

How does Colorado's property tax compare to other states?

Colorado's effective rate of 0.5% is tied for the 6th-lowest of the 50 states, and below the national average of 0.94%. For reference, New Jersey and Illinois are the highest at 1.88%, and Hawaii is the lowest at 0.29%, followed by Alabama at 0.37%. All figures are the same aggregate Census ACS 2024 measure, so they are directly comparable.