Property Tax for Colorado (2026)
Colorado (CO) Key Facts
Effective Property Tax Rate
0.51%
Tax Level
Low compared to national average
Assessed By
County assessor
Payment Frequency
Varies by county (annual or semi-annual)
How This Calculator Works in Colorado
This calculator estimates your annual Colorado property tax based on your home's value and the state's average effective rate of 0.51%. Enter your property value to see your estimated annual tax bill.
Colorado Overview
Colorado has an effective property tax rate of 0.49%, below the national average of ~1.11%. A defining feature of the state's system is that TABOR amendment limits tax revenue growth. Residential assessment rate adjusted by legislature (~6.7%), making it important for homeowners to understand local assessment practices and available exemptions.
How Colorado Compares
Colorado's property tax rate of 0.51% compares to Utah at 0.63% and New Mexico at 0.8%. The relatively low rate makes property ownership more affordable from a tax perspective.
| State | Top Rate | Notes |
|---|---|---|
| Utah | 0.63% | Utah has a property tax rate of 0.63%. |
| New Mexico | 0.8% | New Mexico has a property tax rate of 0.8%. |
| Kansas | 1.41% | Kansas has a property tax rate of 1.41%. |
Colorado's property tax rate of 0.51% compares to a national average of approximately 1.11%. This is below the national average.
Tips for Colorado Residents
- 1Colorado's effective property tax rate of 0.49% is below the national average of ~1.11%. Key feature: TABOR amendment limits tax revenue growth.
- 2Residential assessment rate adjusted by legislature (~6.7%). Always verify your assessed value matches your property's actual condition and features.
- 3Appeal your property tax assessment if comparable sales in your area suggest your home is overvalued — Colorado allows formal protests through the county or local assessor's office.
- 4Check whether you qualify for Colorado's homestead exemption or other relief programs (senior, disabled, veteran) — these can meaningfully reduce your annual tax bill.
- 5Colorado property taxes are deductible on your federal return subject to the $10,000 SALT cap. With a 0.49% rate, a $350,000 home owes roughly $1,715/year before exemptions.