Sheridan’s property tax rate reaches 0.6% in 2025 following 9-year increase

Sheridan’s effective property tax rate rose from 0.5% in 2017 to 0.6% in 2025, reflecting a 0.1 percentage point increase across 9 years, according to BlockShopper.com.

Within Arapahoe County, the average effective property tax rate stood at 0.6% in 2025, unchanged since 2017. Sheridan’s 2025 rate was in line with the county average.

Of the 24 cities studied in Arapahoe County, Sheridan experienced the sixth smallest rise in effective property tax rates during this period.

In 2025, Sheridan held the 13th spot in Arapahoe County for its effective property tax rate of 0.6%, when compared with other local cities.

This rate is approximately 0.7 times lower than the U.S. average effective property tax rate of 0.888% in 2024.

According to Redfin, U.S. home prices advanced further in 2025, with the national median hitting about $447,000 in June, a 1.13% increase from the prior year. The figures also reveal a major difference in market activity, with sellers outnumbering buyers by 36%, resulting in a gap of 508,715 homes. By Redfin’s measure, a balanced market occurs when seller and buyer numbers are within 10% of each other.

Homeowners can face greater property tax bills when home values climb, even as tax rates drop or hold steady. Property taxes depend on both rate and assessed value—higher home prices may raise the tax base and tax bill, regardless of local rate reductions. In fact, the average effective property tax rate on a median-priced home in the largest cities in each state decreased by over 5% between 2023 and 2024, based on a Lincoln Institute of Land Policy analysis.

At the same time, growing property values have boosted the tax base in many markets. Since property taxes are linked to market values, increased home prices can drive higher bills even when rates stay the same or decrease. Housing market studies in the U.S. indicate that a 1% gain in median home price generally leads to around a 0.71% dip in the effective tax rate, illustrating how rapid home value growth may lead to lower rates while still generating more tax revenue for governments.

Details in this report were sourced from BlockShopper.com. The original data is available here.