Whether you’re thinking of moving to or are a real estate professional working in Denver, Colorado, it’s important to understand the current property tax rates in both the urban and suburban areas surrounding it.

The city of Denver is located in Denver County, Colorado. Metro Denver has a population of over three million people. By 2030, it’s anticipated to grow to 3.6 million. Denver’s championship-winning sports teams, job opportunities, and recreational activities make it a great place to consider living and also working as a real estate professional. 

The average listing price for Denver homes is $595,000.

While, the median sales price of a home is $605,000, up 15% from 2021, the median days on market for Denver is 34. As of March of this year, Denver shows a balanced market, with supply and demand of home sin the area being relatively equal. Even so, the market is still competitive in Denver and homes often get multiple offers.

2025 Denver property tax rates

Understanding how Denver property taxes are calculated involves a few key steps. First, the assessor determines the actual value of your property. This value is then adjusted based on the property type (residential, commercial, etc.). The resulting amount is multiplied by the assessment rate—which is determined by local jurisdictions—to arrive at the assessed value.

    The assessed value is then used to calculate your property taxes. This is done by multiplying the assessed value by the total mill levy, which is a combination of rates set by various taxing authorities. For 2024, Denver’s combined general mill levy was 79.202 mills, or 0.079202 as a tax rate.

    Therefore, the basic formula for estimating your Denver property taxes is:

    • (Actual Value – Value Adjustment) x Assessment Rate x Mill Levy (Tax Rate) = Property Taxes

    What affects your property taxes?

    Property taxes depend on several factors, including property type (single-family, multi-unit), size, location, and market conditions. Other things that affect property taxes include the number of bedrooms, bathrooms, garages, basements, porches, decks, pools, etc. Essentially, assessors review the appraisals of similar homes in the area that sold within the last 24 months. 

    Denver neighborhoods

    Denver has an eclectic mix of neighborhoods lined with breweries, art, music, and restaurants. Denver’s most popular areas include:

    • Capitol Hill
    • Cherry Creek
    • East Colfax
    • The Highlands
    • RiNo Art District (River North)
    • South Broadway
    • Washington Park

    Denver metro schools

    Denver County’s school system has 206 schools spanning pre-k to 12th grade. The school district is large with 89,081 students and 6,120 teachers (a student/teacher ratio of 14.55). 

    Denver attractions

    Denver offers locals and tourists an extensive array of exciting attractions. For shopping, take a walk down the historic Larimer Square or explore Cherry Creek. 

    You can find breweries sprinkled throughout Denver, but some of the best are nestled in RiNo Arts District. Speaking of art, Denver’s newest attraction is a 90,000-square-foot immersive art installation; Meow Wolf takes visitors on an exploratory journey through more than 70 unique rooms. 

    Lastly, you must tailgate and attend a Broncos game at Empower Field/Mile High Stadium to be a true Denver local. 

    Denver transportation

    Denver’s light rail system (RTD) is nicely laid out across the city and beyond. Many Denver residents use the light rail daily to commute to work, concerts, dinners, and games. Getting to the airport is accessible by way of Union Station. This beautifully designed train station is centrally located and offers a larger train to and from the airport in only 30 minutes. Denver also has plenty of paid parking garages and street parking. 

    Real estate photos in Denver with Virtuance

    Understanding Denver property taxes is key, just like presenting properties well in a competitive market. Services like Virtuance offer professional real estate photography, 3D tours, floor plans, and aerial shots enhanced with HDReal® technology. These tools help your Denver listings shine online, capturing buyer attention and standing out in the active real estate scene. Experience Virtuance’s stunning real estate visuals today—order today!

    FAQ

    Various taxing authorities, not the Assessor, determine the mill rates each December.

    (Actual Value – Value Adjustment) x Assessment Rate x Mill Levy (Tax Rate) = Property Taxes.

    Yes, factors like size, number of bedrooms, and other features influence the property’s assessed value.

    As of the article’s writing, Denver shows a balanced market with relatively equal supply and demand.

    Denver offers a variety of attractions, including Larimer Square for shopping and the unique Meow Wolf immersive art installation.