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West Arapahoe News

Thursday, November 7, 2024

Effective property tax rate in Arapahoe County were lower than the national average in Q3 2023

Realestate4

Property owners in Arapahoe County paid 0.5% of the value of their homes in property taxes in the third 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 third quarter of 2023 was $495,000, based on data from the 805 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 Bow Mar paid the highest tax rate of 0.7%.

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 Bow Mar with some other cities belonging to Arapahoe County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Bow Mar2$2,675,000$17,7210.7%
Centennial148$647,500$3,5870.6%
Dove Valley5$440,000$2,5440.6%
Cherry Creek16$780,450$4,4480.6%
Littleton57$590,000$3,3590.6%
Columbine Valley3$1,460,000$9,4220.6%
Sheridan5$465,000$2,2660.5%
Aurora479$435,000$2,3000.5%
Sullivan2$285,500$1,3900.5%
Holly Hills8$665,250$3,2450.5%
Spring Creek Meadows3$560,000$3,0160.5%
Foxfield2$1,150,000$5,2840.5%
Englewood44$567,500$2,1580.4%
Watkins3$800,000$3,0150.4%
Greenwood Village13$1,750,000$6,4090.4%
Columbine2$1,315,000$4,6150.4%
Byers2$454,500$1,5040.3%
Cherry Hills Village7$4,500,000$13,5070.3%

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