#ColoradoHomeTax Some Lowest Rates In Country

The effective property tax rate for single-family homes in Colorado last year averaged 0.52 percent versus the 1.15 percent rate averaged nationally. The real estate market in the Denver metro area continues to heat up this Spring. Houses haven’t been staying on the market long in Aurora. Homes for sale in the Saddle Rock neighborhood.

Not that it may offer much solace to homeowners trying to come up with property taxes due on April 30, but Colorado homes are taxed at some of the lowest rates in the country, according to an analysis Thursday from ATTOM Data Solutions.

The effective property tax rate for single-family homes in Colorado last year averaged 0.52 percent versus the 1.15 percent rate averaged nationally, according to ATTOM Data Solutions, which looked at property taxes on more than 84 million single-family homes in 586 U.S. counties.

Nationally, single-family homeowners paid an average of $3,296 in property taxes last year, while in Colorado they paid only $2,046. The tab was smaller here even though the average market value of a home, at $394,604, was $109,110 higher than the U.S. average of $285,495.

Only Hawaii and Alabama had lower effective property tax rates than Colorado. And in New Jersey, Illinois and Texas, residential property tax rates were around four times higher.

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