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West Arapahoe News

Wednesday, December 25, 2024

Analysis: Arapahoe County effective property tax rates were lower than the national average in Q2 2023

Realestate5

Property owners in Arapahoe County paid 0.5% of the value of their homes in property taxes in the second quarter of 2023, which is less than 0.5 times the national average, according to the real estate analysis posted by West Arapahoe News.

The median sales price of a Arapahoe County home in the second quarter of 2023 was $499,000, based on data from the 729 properties sold during that time. In 2023, the median tax bill for the county was $2,673, which is 0.5% of the median value of the homes that were taxed.

This is 0.5 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Arapahoe County real estate data showed homeowners in Columbine paid the highest tax rate of 0.9%.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Columbine with some other cities belonging to Arapahoe County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Columbine2$500,000$4,6150.9%
Spring Creek Meadows2$537,450$3,0160.6%
Centennial142$600,000$3,5870.6%
Dove Valley6$451,825$2,5440.6%
Bow Mar2$2,827,500$17,7210.6%
Littleton60$562,500$3,3590.6%
Aurora413$436,000$2,3000.5%
Glendale2$385,000$1,8850.5%
Sullivan3$273,000$1,3900.5%
Englewood36$540,750$2,1580.4%
Sheridan4$504,500$2,2660.4%
Holly Hills3$743,000$3,2450.4%
Byers2$339,168$1,5040.4%
Greenwood Village21$1,500,000$6,4090.4%
Cherry Hills Village12$3,050,000$13,5070.4%
Cherry Creek14$1,070,000$4,4480.4%
Columbine Valley2$2,700,000$9,4220.3%

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