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East Arapahoe News

Friday, November 15, 2024

Arapahoe County effective property tax rate in Q1 2022 was lower than the national average

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Property owners in Arapahoe County paid 0.4% of the value of their homes in property taxes in the first quarter of 2022, which is less than 0.4 times the national average, according to the real estate analysis posted by the East Arapahoe News.

The median sales price of a Arapahoe County home in the first quarter of 2022 was $490,000, based on data from the 2,058 properties sold during that time. In 2018 the median tax bill for the county was $1,993, which is 0.4% of the median value of the homes that were taxed.

This is 0.4 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Arapahoe County real estate data showed homeowners in Dove Valley and Inverness paid the highest rates.

The following table compares Dove Valley with some other cities belonging to Arapahoe County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
Dove Valley25$435,000$2,5930.6%
Inverness7$565,000$3,6530.6%
Glendale3$315,000$1,4450.5%
Bennett4$785,000$4,1970.5%
Spring Creek Meadows12$619,000$2,8560.5%
Centennial343$630,000$3,0100.5%
Greenwood Village40$1,115,000$5,7190.5%
Cherry Creek37$800,000$4,1660.5%
Columbine6$687,500$3,5590.5%
Denver4$572,500$2,0530.4%
Sheridan12$475,000$2,0870.4%
Aurora1,272$432,525$1,9270.4%
Sullivan7$280,000$1,0770.4%
Holly Hills14$762,750$2,7790.4%
Deer Trail4$252,500$9290.4%
Cherry Hills Village19$3,400,000$12,5570.4%
Littleton113$571,500$2,3720.4%
Englewood118$557,500$1,9030.3%
Watkins2$885,000$2,8270.3%
Strasburg4$674,950$2,1440.3%
Byers5$380,000$1,0300.3%
Columbine Valley3$2,925,000$6,8130.2%

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