The rate in context
On a $400,000 home, 0.50% means roughly $2,000 per year in property tax, escrowed monthly, so it lands directly in your payment and your debt-to-income ratio.
Exemptions and notes
Voters repealed the Gallagher Amendment in 2020, so the legislature now sets the residential assessment rate, which lawmakers have cut in recent years to blunt rising values.
Sources: Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. County-level rates vary; your county page has local detail.
Counties in Colorado
Loan limits by county · Colorado overview
FAQ
What is the average property tax rate in Colorado?
The average effective property tax rate in Colorado is about 0.50%, per Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. Individual counties vary above and below that average.
How do Colorado property taxes affect my mortgage?
Taxes are escrowed into your monthly payment, so a higher rate directly reduces how much house you qualify for. Voters repealed the Gallagher Amendment in 2020, so the legislature now sets the residential assessment rate, which lawmakers have cut in recent years to blunt rising values.