Colorado variant. This is a Colorado-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Colorado's effective property tax rate of 0.55% means the owner of a median $565,000 home pays roughly $3,108 per year - a figure that varies widely by state.
How Colorado property tax is calculated
Property tax = assessed value × local millage rate. The 0.55% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $565,000 Colorado median home, that works out to about $3,108/year or $259/month - often escrowed into your mortgage payment.
About taxes and housing in Colorado
Colorado applies a single flat income tax rate of 4.4% to all taxable income.
Colorado has among the lowest effective property tax rates in the country, though rapidly rising home values have pushed up assessments.
Colorado's economy spans aerospace, technology, and outdoor recreation, with strong population growth concentrated along the Front Range.
Worked example: tax on a $565,000 home
$565,000 × 0.55% = $3,108 per year. A $500,000 home in Colorado would owe about $2,750 annually at the same effective rate.
Quick reference
- State income tax: Flat 4.4%
- State sales tax: 2.9% (plus 4.91% avg local)
- Median home value: $565,000
- Median household income: $92,911
- Effective property tax rate: 0.55%
- Avg auto insurance: $2,065/yr
Frequently Asked Questions
What is the property tax rate in Colorado?
Colorado's effective property tax rate averages 0.55% of market value per year.
How much property tax on a $565,000 home in Colorado?
About $3,108 per year at the 0.55% effective rate.