Property tax in Colorado
The effective rate is about 0.50% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $2,000 a year (our calculation). Rates vary a lot by county and town.
Property tax
0.50%
of home value a year
Tax on a $400,000 home
$2,000
A month
$167
Rank
6 of 51
1 = lowest
| State | Property tax | Rank |
|---|---|---|
| Utah | 0.48% | 4 |
| South Carolina | 0.49% | 5 |
| Colorado | 0.50% | 6 |
| Idaho | 0.50% | 7 |
| Nevada | 0.50% | 8 |
Common questions
What is the property tax rate in Colorado?
The effective rate is about 0.50% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $2,000 a year (our calculation). Rates vary a lot by county and town.
Does Colorado have high property taxes?
Colorado ranks 6 of 51 (1 = lowest effective rate), based on Tax Foundation's 2024 figures.
See the full monthly cost of a home with the mortgage calculator.
More for Colorado: monthly budget · take-home pay · rent.