Are you thinking of moving to Denver, Colorado? Before you relocate, it’s important to understand the current property tax rates in both the urban and suburban areas surrounding Denver, CO.

The city of Denver is located in Denver County, Colorado. The county seat is Denver, with a population of 2,897,000 in the metro area, a 1.22% increase from 2021. Denver’s championship-winning sports teams, job opportunities, and extreme recreational activities make it a great place to consider living. 

Denver, CO Real Estate Market Trends

The median sale price for Denver homes is $620,000, up 12.5% YoY. Denver is one of the most competitive real estate markets, with listings averaging only five days on the market. While 50% of Denver listings experience price drops, 59.8% sell for over asking. Fortunately, Denver’s well-paying job opportunities help motivated buyers afford a home in the metro area. 

2022 Denver Property Tax Rates

Colorado ranks 3rd for lowest property tax rates in the United States. Furthermore, Denver County has one of the lowest rates in the state, with an average property tax rate of 0.54%. Therefore, homeowners can expect to pay $1,300-1,700 in property taxes annually. 

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 take the free bus down 16th Street Mall. 

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.