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Old 08-04-2006, 08:13 PM
 
Location: Ojai
98 posts, read 545,568 times
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What is the property tax rate in Colorado? Haven't been able to find the rate online. Thanks!
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Old 08-04-2006, 10:20 PM
 
18 posts, read 114,162 times
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Go to;

http://www.metrodenver.org/documents/dataCenter/Taxes_PropertyTaxAssesmentRates05.xls (broken link)
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Old 08-04-2006, 10:42 PM
Status: "October is the eighth month" (set 18 days ago)
 
Location: Just south of Denver since 1989
10,676 posts, read 28,486,584 times
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depends on where you are looking. Property tax assesment is per county. Generally in Metro Denver it is less than 1% of the assessed value, which is 15-30% less than market value.
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Old 08-08-2006, 08:52 PM
 
Location: Ojai
98 posts, read 545,568 times
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Thank you for your responses to my querry about property taxes. We had read in one of the real estate magazines that it was 7.92% Yikes! But we figured that just either had to be wrong or that it was not based on the value of the property.

Thanks for your input.
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Old 08-09-2006, 10:29 AM
 
Location: Southern California native, last 20 yrs in Milwaukee Wisc.
1,142 posts, read 3,316,877 times
Reputation: 1512
Default Reasonable

When we lived there (early to mid 90s), property taxes were reasonable, and based on my research they still are. I believe the one poster is correct in saying they are about 1% of assessed value. Not bad. I am in the upper midwest now, and my middle class town is 2.58%.
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Old 08-19-2006, 07:04 PM
 
Location: Buena Park, CA
14 posts, read 113,619 times
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IMO the property taxes in Colorado are the lowest I have seen. Where I live in Cali they are twice as high and wher I am originally from in Wisconsin twice as high again. My sister's taxes are I think in the lower 1000's for a $250K house (Near Stetson Hills). My assesed value here is $270K and the taxes are $3000 (in OC). My Parent's house is assesed at about 110K and I think the taxes are over $2300 (Wisconsin)

I am hoping that the influx of military personnel will cause the real estate to skyrocket in the Springs like it did here, but that is probably mostly over.
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Old 07-13-2011, 08:23 AM
 
1 posts, read 26,043 times
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We WERE thinking of relocating to Littlton area in CO but I am reading that property taxes in CO ar 7.96% ... the house listings have monthly taxes at greater than $800/mo on a $249,000 home. YIKES

How can people afford to own a home there?
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Old 07-13-2011, 08:48 AM
 
8,317 posts, read 25,091,437 times
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Quote:
Originally Posted by DORNEDGEM View Post
We WERE thinking of relocating to Littlton area in CO but I am reading that property taxes in CO ar 7.96% ... the house listings have monthly taxes at greater than $800/mo on a $249,000 home. YIKES

How can people afford to own a home there?
Wrong. 7.96% of the fair market value is taxable. That is multiplied by the mill levy to get taxes. Colorado effective residential property tax rates are among the lowest in the country. Unfortunately, that is made up by commercial and industrial property tax rates that are pretty high. The amounts quoted in your post are likely per year, not per month. So, Colorado effectively subsidizes residential property (even though residential property is the big consumer of government services) and sticks it to commercial and industrial property owners. Though certainly not the only cause, that is one reason that Colorado has lost a lot of its property-intensive industries over the last 30 years. By the way, that formula is buried in the state Constitution and is unlikely to be changed by the voters--which many business people find to be a very business-unfriendly situation.
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Old 07-13-2011, 11:18 AM
 
20,304 posts, read 37,784,136 times
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A somewhat sloppy rule of thumb is to multiple the market price by 0.667% which for a property with a market value of $300,000 would mean annual taxes of about $2,000.00 which is very low for most states.

There is a state income tax of 4.63%, which IMO is also quite low, and if you're retired, the first $20k of each retiree's pension is exempted from the state income tax.

The state sales tax is 2.9% to which cities and counties add their local sales taxes so you can get up to 7+% or thereabouts.
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Old 07-13-2011, 12:03 PM
 
Location: OKLAHOMA
1,778 posts, read 3,478,323 times
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Quote:
Originally Posted by Mike from back east View Post
A somewhat sloppy rule of thumb is to multiple the market price by 0.667% which for a property with a market value of $300,000 would mean annual taxes of about $2,000.00 which is very low for most states.

There is a state income tax of 4.63%, which IMO is also quite low, and if you're retired, the first $20k of each retiree's pension is exempted from the state income tax.

The state sales tax is 2.9% to which cities and counties add their local sales taxes so you can get up to 7+% or thereabouts.

Quite interesting! I was looking at some of those 40 acre lots on the Santa Fe Trail near Trinidad and their property taxes seemed even lower. Here in OK I have a ranch so I pay this ranch rate which is low.

Question:: Dose Co have a food tax exemption? That would be a big plus.
In the area I am now I pay more than 9 percent on everything food included.
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