Property tax information
Beginning in 2025, residential property will have two assessment rates. One assessment rate will be used to calculate local government assessed values and the other rate will calculate school district assessed values.
- Actual value x assessment rate = assessed value
- Assessed value x mill levy/1000 = tax bill
2025 Assessment rates*
• Residential – School 7.05%, Local Governments 6.25%
• All other classifications including Vacant Land, Commercial, Industrial, Natural Resources, and Personal Property – 27%
• Oil & Gas production – 87.5%
*The above rates will not be finalized by the legislature until after October.
Property tax due dates
- 2024 taxes are due and payable on January 1, 2025
- First half of taxes become due on February 28, 2025
- Second half taxes become due on June 15, 2025
- If no first half tax payment is made, total tax is due by April 30, 2025
Understanding Property Taxes in Colorado
Manufactured Homes in Colorado
Classification and Valuation of Agricultural Property in Colorado
Property Valuation and Taxation for Business and Industry in Colorado