Planning to purchase a new home in Denver? Nicknamed the Mile High City, residents of this breathtaking locale are surrounded by mountain views and the best that nature has to offer. As you plan your relocation, one of the most stressful aspects is figuring out what you’ll pay in property taxes. Why is this important? Depending on where you live, as well as the value of your home, yearly property taxes can be a massive expense that you need to plan in advance. Rest assured that you can quickly and easily learn everything you need to know about Denver’s property taxes in this guide.
Denver Property Taxes
Those who own residential property in the City and County of Denver owe annual property tax dues. The duties for setting, locating, calculating, and billing taxes within the area are handled by multiple offices. Explore the responsibilities of Denver County’s two main property tax offices.
In the City and County of Denver, the Assessor’s Office is responsible for a variety of duties related to property taxes:
- Locates and appraises all real and personal properties in Denver
- Facilitates tax exemption applications — including the Senior Property Tax Exemption
- Handles challenges to property values
- Certifies valuations
- Tracks values and annual tax increments
The main location of the Denver Assessor’s Office is located at the following address:
- Denver Assessor’s Office, 201 W Colfax Ave #406, Denver, CO 80202, 720-913-4164
As noted by city officials, staff members who work for the Denver Assessor’s Office are now working remotely. The office is not open to visitors for the foreseeable future. For questions about your property taxes that relate to the above duties, it is advised that you call or email. Hours of operation are 7:30 a.m. until 4:30 p.m., Monday through Friday.
This is the “Denver County Treasurer” and The City and County of Denver Treasury Division office handles the following duties:
- Collects and records all property tax payments
- Assesses late fees for delinquent tax payments
- Facilitates real estate delinquent taxes and tax lien sale
You can find the Treasury Division office at the following location:
- City and County of Denver Treasury Division, 201 W. Colfax Ave. Department 1009, Denver, CO 80202, 720-913-9300
Treasury Division hours of operation are 7:30 a.m. until 4:30 p.m., Monday through Friday.
Denver County Property Tax Rate
Determining property tax rates in any city or county can be confusing. Thankfully, you can utilize the following guidance and information to estimate what you will owe on your home each year.
As you work to calculate your taxes, there are several core factors to understand. In the City and County of Denver, property taxes are determined by the Actual Value and the Assessment Rate. These two variables are used to calculate the Assessed Value.
How are property taxes calculated in Denver County, Colorado?
In Denver County, property taxes are calculated by taking the Actual Value of a property and adjusting it by the appropriate Assessment Rate. The resulting value is called the Assessed Value. Currently, the Assessment Rate used to adjust the Actual Value is 7.15 percent.
Once the Assessed Value is determined, it is multiplied by the applicable tax rate. The tax rate is expressed as a decimal fraction, just like it is throughout the entire state of Colorado. Additionally, when factoring in millage, one mill is 1/1,000th of a dollar in the county. As of the latest data, the current Mill Rate is 72.116 mills. Entering this into one’s calculations, this is expressed as a tax rate of 0.072116.
To simplify the calculation, the County and City of Denver provides the following equation:
Actual Value x Assessment Rate x Mill Rate (Tax Rate) = Taxes
How much are property taxes in Denver County?
When using the formula listed above, you can easily figure out what you will owe annually in Denver County property taxes.
Let’s assume that your home’s Actual Value is $500,000. Using the formula and figures above, your calculation would look like this: $500,000 x 0.0715 x 0.072116
After running the numbers, you will come to the annual property tax total of $2,578.15. If you’d like to calculate your estimated property taxes, simply swap out the Actual Value with your home’s custom amount. Remember, the Actual Value is not necessarily how much you paid for your property. Instead, this number is determined by the Assessor’s Office based on similar homes sold within a set 24 month period. All homes are re-appraised every two years for accuracy.
Denver County Tax Resources
Want to access essential tools and resources related to Denver property taxes from home? Denver County offers several convenient online property tax resources for area residents.
Need to find your Denver property tax bill? Using the Real Estate Property Tax Search, you can search your address to find the information you need. On the City and County of Denver website, residents can also pay their property taxes by eCheck or credit card using the online payment portal.
Denver County Property Tax Rates by City
One especially convenient aspect of property taxes in Denver is that rates are consistent throughout the entire county. Since the area is relatively small, everyone living in the city and county can use the above information to calculate their individual property tax rates.
Denver County Property Tax Payments – Due Dates & How to Pay Your Tax Bill
When are Denver property taxes due? Denver County property taxes are assessed by January 1 of each year, but are not required to be paid until the following year. For example, when you receive your property tax bill on January 1, 2023, it will not be due until January 2024.
Once you are ready to submit payment for your Denver property taxes, you have several options for your payment timeline. If your mortgage company does not automatically submit payment from your escrow account, you can either pay your taxes in one lump sum, or in two separate payments. Individuals who choose to make one payment must submit it in full by April 30. Alternatively, if you prefer to split up your payment, the first is due by the last day in February. Your second payment is due by June 15. Aside from this, there are no other payment arrangements available. Payments that are not made by the above dates are considered delinquent.
Families and individuals who cannot pay their Denver property taxes on-time do have one other option to consider. The Denver Property Tax Relief Program is available for residents who qualify. Through this program, residents can receive a partial refund of property taxes that they have already paid. Income limits help determine eligibility. For example, single homeowners can earn a maximum annual salary of $44,016, while two people can earn up to a maximum of $50,304 annually to qualify. An application must be submitted to be considered for the program.
What happens if you do not pay your Denver property taxes? As soon as your payment is considered delinquent, one percent interest accrues monthly. With continued non-payment, you will receive a delinquency notice by July. All unpaid taxes at this time can be advertised for sale by the city for a public tax lien auction, which is held every November.
There are several options for submitting your Denver property tax payment. Online, you can use a credit card or eCheck through the City and County of Denver payment portal. You can also submit a physical check or money order to the following address: City and County of Denver, Department of Finance, Treasury Division, PO Box 17420, Denver, CO 80217-0420.
Denver County Property Search/Tax Records
Want to look up your current Denver property tax information? Since most details are made public, you can easily do so online by using the City and County of Denver Real Estate Property Tax Search.
Denver County Property Tax Exemptions
Homeowners who are above the age of 65 may qualify for the Senior Property Tax Exemption. In order to qualify for this Denver property tax exemption, an individual must have owned and lived in their home for 10 years (or more).
Aside from this main property tax exemption, there are no other streamlined programs that provide direct property tax payment exemption. Homeowners who do not qualify for the Senior Property Tax Exemption program, but who need property tax assistance, are advised to contact the Department of Housing Stability for possible solutions.
Denver County Property Tax Appeals
If you receive a Denver property tax bill that you believe contains one (or more) inaccuracies, not to worry! There is an easy way to appeal your tax bill through the Assessor’s Office. Simply reach out to a staff member at the Assessor’s Office by calling 720-913-4162. Once you’ve explained your concern, you will be provided with next steps for appealing your bill.
Denver County Property Tax FAQ
When are property taxes due in Denver County?
Denver County property taxes are assessed on January 1 of every year, and are due the following calendar year. Homeowners who prefer to pay one payment must submit that payment by April 30. If splitting your payment, the first is due by the last day of February, and the second is due by June 15.
How do I pay my property taxes in Denver County?
There are several options for paying your Denver County property taxes online and by mail. Accessing the payment portal on the City and County of Denver government website, you can pay by eCheck or credit card. Those who prefer to pay by mail can submit a money order or check to the City and County of Denver, Department of Finance, Treasury Division, PO Box 17420, Denver, CO 80217-0420.
When are Denver County tax bills mailed?
Your tax bill becomes available by January 1 of every year.
If you are thinking about becoming a Denver County resident, the above information will help you navigate the ins and outs of paying your Denver property tax bill. For help with getting to your new home, our experienced team at Wasatch Moving Company will get you where you need to go. Contact the best Denver moving company today at 801-335-5603.