Centennial, Arapahoe County, Colorado Property Taxes
Median Centennial, CO effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Centennial, CO home value: $466,300
Median annual Centennial, CO tax bill: $3,377, $977 higher than the national median property tax bill of $2,400.
How are property taxes in Arapahoe County calculated?
Property taxes in Centennial, CO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Centennial’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Centennial, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Centennial, Arapahoe County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$3,311
$3,072
$1,102
Average Tax Savings
Property Tax Rates Across Centennial, Arapahoe County, Colorado
Local government entities in Colorado, including those in Arapahoe County, set property tax rates that can differ significantly across the state. The process involves estimating the county's annual budget needs and dividing this by the total assessed value of all taxable property within the jurisdiction, resulting in the property tax rate. Although votes and legislative measures play a role, this is the core of how property tax rates are determined each year.
In Centennial, located in Arapahoe County, the effective property tax rate is 0.71%, which is notably lower than the national median property tax rate of 1.02%. Within the same county, the highest median tax rate is found in the 80122 zip code at 0.79%, whereas the lowest is in the 80111 zip code at 0.67%. This illustrates the variability in property tax rates even within a single county. By comparing Centennial's rate to both the state and national figures, property owners can gain insight into how their taxes stack up and better understand the local tax landscape.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Centennial Tax Rate
0.71%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Arapahoe County Tax Rate
0.70%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Centennial, Arapahoe County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80015 | 0.57% | 0.69% | 0.69% | 0.70% | 0.80% |
| 80016 | 0.58% | 0.62% | 0.70% | 0.85% | 0.85% |
| 80111 | 0.55% | 0.60% | 0.67% | 0.69% | 0.73% |
| 80112 | 0.56% | 0.67% | 0.69% | 0.72% | 0.78% |
| 80121 | 0.62% | 0.69% | 0.79% | 0.79% | 0.82% |
| 80122 | 0.62% | 0.77% | 0.79% | 0.81% | 0.85% |
Source: Ownwell
$1,102
Average Centennial Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Centennial, Arapahoe County, Colorado
When examining property taxes in Centennial, CO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Arapahoe County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Arapahoe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Centennial. For example, the median home price in Centennial is $466,300, with tax bills ranging significantly across the county. Zip code 80016 has the highest median home price at $696,300.
Property Tax Assessment Values Across Centennial, Arapahoe County, Colorado
Source: Ownwell
$73,750
$1,300,035
$2,526,320
Median Centennial Market Value
$466,300
Median Arapahoe County Market Value
$387,300
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Centennial, Arapahoe County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80015 | $358,200 | $383,925 | $423,900 | $481,700 | $555,260 |
| 80016 | $499,220 | $555,700 | $696,300 | $922,800 | $1,140,440 |
| 80111 | $482,800 | $508,000 | $564,400 | $632,100 | $829,600 |
| 80112 | $372,900 | $434,400 | $504,300 | $599,350 | $699,100 |
| 80121 | $384,020 | $413,500 | $452,400 | $522,300 | $653,620 |
| 80122 | $275,820 | $374,325 | $455,000 | $543,300 | $643,270 |
Source: Ownwell
$1,102
Average Centennial Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Centennial, Arapahoe County, Colorado
Property tax bills in Centennial, located in Arapahoe County, Colorado, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Centennial is $466,300, and homeowners typically see tax bills ranging from $2,796 at the 25th percentile to $5,078 at the 90th percentile. The highest median tax bill in the area is $4,916, found in the 80016 zip code, while the lowest is $2,966 in the 80015 zip code. These figures are notably higher than the national median property tax bill of $2,400.
Homeowners in Centennial face property taxes that can significantly impact their finances. Factors such as property location, size, and local tax rates play a crucial role in determining the final tax bill. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax burdens. By analyzing local market trends and leveraging their expertise, Ownwell can assist homeowners in securing fair property assessments and lowering their annual tax bills.
Median Centennial Tax Bill
$3,377
Median Arapahoe County Tax Bill
$2,536
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Centennial, Arapahoe County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80015 | $2,393 | $2,619 | $2,966 | $3,419 | $4,124 |
| 80016 | $3,563 | $4,198 | $4,916 | $6,362 | $7,667 |
| 80111 | $2,814 | $3,272 | $3,704 | $4,387 | $5,292 |
| 80112 | $2,351 | $2,873 | $3,448 | $4,269 | $5,063 |
| 80121 | $2,568 | $3,071 | $3,508 | $4,043 | $5,054 |
| 80122 | $2,102 | $2,742 | $3,477 | $4,237 | $5,098 |
Source: Ownwell
$1,102
Average Centennial Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 9 |
Links | |
|---|---|
| Arapahoe Tax Assessor | |
| Website | parcelsearch.arapahoegov.com |
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