Denver, CO, Property Tax

2023 Property Tax Rates in Denver

By Lindsay Goebel Last Updated February 10, 2023 2 min read

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, CO. 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. 

Denver, CO real estate market trends

The average home value for Denver homes is $623,003, up 7.7% from 2022.

As of December 2022, the median sales price of a home was $527,500, down 4.1% from December 2021. The median days on market for Denver is 34, up 24 days from 2021. Even so, the market is competitive in Denver and homes often get multiple offers.

2023 Denver property tax rates

Mill levies for property tax are set around the middle of December. For property tax due for 2022 in 2023, the base levy is .079525. The base levy doesn’t include any additional taxes that your property may incur if there are additional district taxes where your home is located.

To calculate your property tax, you’d multiple your assessed value by the levy rate. So, if your single-family home is valued at the average rate of $623,00, your assessed value is 6.95% of that, or $43,298. You’d then multiple $43,295 by 0.79525 to get a total property tax due of $3,443.

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, and 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. Also, Denver has plenty of paid parking garages and street parking. 

Real estate photos in Denver with Virtuance

If you’re listing a home in Denver, consider using Virtuance for all your real estate photography needs. Along with real estate photos, we offer 3D tours, floor plans, and aerial photography, to help your listing shine with our HDReal® image technology.