How are property taxes calculated?

The actual value is multiplied by the assessment rate which is then multiplied by the mill levy. The residential rate in Colorado currently is 6.765%. Agricultural is 26.40% and all other Agricultural Business is 27.90%. Commercial Renewable Energy and Commercial Renewable Personal Property is 26.40% and all other commercial property is 27.90%. 

Example: $150,000 (actual value) x 6.765% (residential assessment rate) x .081265 (mill levy) = $ 824.64 (annual tax dollars). Please note this is only an example. Your value and mill levy maybe different.

Show All Answers

1. How is the value determined on my property?
2. How often is property revalued?
3. What is the difference between actual value and assessed value?
4. How are property taxes calculated?
5. Why don’t all properties increase or decrease by the same percentage?
6. Who sets the mill levy?
7. Can you appeal your property taxes to the Assessor?
8. If I do not agree with the actual value, what steps should I take?
9. I’m not sure if I should appeal or not. How can I find out the sales prices of the properties in my neighborhood for the 24-month period prior to June 30, 2022?
10. What is the Property Tax Exemption for Seniors?
11. How are Parcel numbers assigned?
12. What do the codes mean on the parcel report?