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Old 06-09-2018, 08:41 AM
 
Location: Aurora, CO
6,561 posts, read 10,274,001 times
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Quote:
Originally Posted by SkyDog77 View Post
Denver is 0.56%. Statewide I think we average around 0.6%
Also newer developments built within MUDs tend to be higher. Our rate is closer to 1%, but that's still half of the rate we were paying in Texas. Our old house there has a $6000 property tax bill, and it appraised for less than 300k.
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Old 06-09-2018, 08:45 AM
 
Location: Aurora, CO
6,561 posts, read 10,274,001 times
Reputation: 9802
Quote:
Originally Posted by Best_Coast View Post
I believe you're right.

I live in Denver now and once lived in Austin (among many other places). I love Austin and miss it badly: the weather, the food, the music...
Sorry, but the weather in Austin is not appreciably better than Denver. Winter's pretty much non-existent, but May-September sucks. It's hot and humid. Air conditioning runs 24/7. Come July and August you'll be able to count the number of days when it's not above 90 on one hand.

Compared to that crap, Denver's winters aren't so bad.
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Old 06-09-2018, 08:46 AM
 
Location: Southern Colorado
3,593 posts, read 1,777,611 times
Reputation: 4598
Quote:
Originally Posted by davebarnes View Post
Or not.
TABOR.

Even in The Socialist Paradise of City & County of Denver, which has de-Bruced, taxes do not increase at the rate of house market value increases.
My house when from $500K to $750K and taxes went from $3K to $3.5K. Market value up by 50% and taxes up by 17% over the last 5 years.
It depends on the sales prices of homes in the area. Property taxes are adjusted every two years. Mine doubled three years ago. Then went up about 20% last year. I'm not complaining.

Counties seem to be able to levy taxes at nilly willy rates and evaluations. It is very difficult for many to move after being crushed by a grossly unfair evaluation. Something need to be done.
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Old 06-09-2018, 08:47 AM
 
Location: Washington Park, Denver
6,948 posts, read 6,558,057 times
Reputation: 7437
Quote:
Originally Posted by Kathy884 View Post

Anyway long story short I love our current home and neighborhood, but thought about maybe moving back to Denver for the nicer summer climate/access to mountains and a similarly sized metro area to what we have right now (means lots of public amenities, great theatre, zoo, etc.). Three years ago (summer 2015) before visiting Rocky Mountain Park we explored what the real estate market was in those lovely older close in neighborhoods in Denver. OMG -- Our $350,000 house is paid off, but to find something similar to that in one of those lovely older city neighborhoods, It looked like I would have had to bring another $250,000 or more to the table. We weren't willing to compromise on housing and that extra cost wasn't worth it to us. We also and that makes it harder were looking for move in ready. Now those neighborhoods are priced even higher.

And now the Wash Park houses are even more expensive than that. I am talking 2015 prices.
Things have changed considerably since you looked in 2015.

A house a few doors down from me in East Wash Park just sold to a builder for land value. ~5,000 square foot lot. $870,000 Not really sure what to make of this market.
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Old 06-09-2018, 08:50 AM
 
Location: Washington Park, Denver
6,948 posts, read 6,558,057 times
Reputation: 7437
Quote:
Originally Posted by ColoGuy View Post
It depends on the sales prices of homes in the area. Property taxes are adjusted every two years. Mine doubled three years ago. Then went up about 20% last year. I'm not complaining.

Counties seem to be able to levy taxes at nilly willy rates and evaluations. It is very difficult for many to move after being crushed by a grossly unfair evaluation. Something need to be done.
No they cannot change rates willy nilly. Please provide an example. Rate changes require votes.

Valuations are done on a market based approach so I’d like to see how they’re unfair.
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Old 06-09-2018, 09:19 AM
 
18,413 posts, read 20,154,644 times
Reputation: 26943
Quote:
Originally Posted by Hschlick84 View Post
For comparison to Denver prices, this is what $544k gets you in Mansfield, OH. Again, prices are relative to the area itself. If you live in Denver and want to move to a cheaper COL state, sell your home.

https://www.zillow.com/homes/for_sal...778_rect/6_zm/
Those property taxes are insane.
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Old 06-09-2018, 11:09 AM
 
591 posts, read 295,893 times
Reputation: 881
Quote:
Originally Posted by Electrician4you View Post
Those property taxes are insane.
Not too bad for a beautiful large home on a 3 acre lot.

When the Socialist Polis gets elected guess who will pay for his FREE Childcare (pre-k to kindergarten) and FREE Universal Healthcare? It will be FREE!!

Are homeowners going to see these tax rates in CO.?

Another reason TABOR is a godsend.
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Old 06-09-2018, 11:55 AM
 
230 posts, read 188,272 times
Reputation: 183
As the property values sky rocket in Colorado, so do property taxes. While TABOR and the Gallagher amendment help, they are really not enough from getting kicked out of your home at old age because of increasing property taxes. Stepping away from ad valorem (property taxes based on assessment) to property taxes based on purchase price is one solution to reigning in run away property taxes. It’s the one thing California got right in 1978.

I’m posting this from my post on another post but the subject is relevant .

From my understanding TABOR restricts new taxes and tax increases unless the voters approve.

I applaud CO for TABOR (all taxes), and the gallagher amendment (property taxes).

However, the pitfalls is that property taxes can still increase with assessments, voter approval (TABOR), and increased business property taxes (gallagher).

Prop 13 is far more restrictive when it comes to property taxes.

- Property taxes are based on purchase price not assessed price
Taxes on assessed price do not increase more than 1% a year
- Assessments cannot exceed 2% a year
- In down times you can petition to assess down (never up more than 2%).

The other significant benefits are :
- If you decide to move within your county, you carry your old assessment price with you automatically
- if you decide to move to another county, you can petition that county to accept your old assessment price
- If you're over 55, you can keep your old assessment price without applying to the county.
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Old 06-09-2018, 03:53 PM
 
145 posts, read 110,389 times
Reputation: 288
Quote:
Originally Posted by SkyDog77 View Post
Things have changed considerably since you looked in 2015.

A house a few doors down from me in East Wash Park just sold to a builder for land value. ~5,000 square foot lot. $870,000 Not really sure what to make of this market.
Wow! I just looked at a few listing on Zillow too after seeing your post. It's a really charming neighborhood, but so expensive now (from a Midwest perspective). Nice for you to have that appreciation if you ever sell or move to a less expensive area, and it is an increase in your net worth.

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Old 06-09-2018, 04:30 PM
 
Location: The Berk in Denver, CO USA
14,035 posts, read 20,355,620 times
Reputation: 22768
Quote:
Originally Posted by Kathy884 View Post
Nice for you to have that appreciation if you ever sell or move to a less expensive area
Skydog is a 4th or 5th generation Colorado native. He ain't going nowhere.
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