Property Taxes in Centennial, Colorado
Median Centennial, Colorado effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, and higher than the Colorado state median of 0.50%.
Median Centennial, Colorado home value: $651,400
Median annual Centennial, Colorado tax bill: $3,952, $1,552 higher than the national median property tax bill of $2,400.
How are property taxes in Arapahoe calculated?
Property taxes in Centennial, Colorado 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 April 13, 2026
How Does the Centennial Property Tax Calculator Work?
Use this Centennial property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Centennial's median effective tax rate of 0.60% — based on actual property records in Arapahoe County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Centennial's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Centennial: rates range from $3,598.00 in 80015 to $6,027.00 in 80016, primarily due to differences in school district levies and local assessment districts.
Centennial's median property tax bill is $3,952, which is higher than the Colorado median tax bill by $1,552 and above the national median property tax bill of $2,400. If your estimate is higher than expected, Ownwell can appeal your Centennial assessment — you only pay if we save you money.
About Centennial Property Taxes
About Property Taxes in Centennial, Arapahoe, Colorado
Centennial’s median effective property tax rate of 0.60% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Arapahoe County base levy combined with local school district levies and metro districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Centennial. Homeowners in the 80121 ZIP code carry a median effective rate of 0.65%, while those in 80111 pay 0.57%. This spread — 0.08 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Arapahoe County. Understanding which part of Centennial you live in can make a meaningful difference to your annual tax bill.
Centennial homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Centennial, Arapahoe County, Colorado
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Centennial's effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.
Our median effective property tax rate (tax bill Ă· 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
0.60%
Our median effective property tax rate (tax bill Ă· 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
0.55%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Centennial, Arapahoe County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80015 | 0.50% | 0.56% | 0.57% | 0.59% | 0.67% |
| 80016 | 0.51% | 0.55% | 0.60% | 0.70% | 0.72% |
| 80111 | 0.48% | 0.52% | 0.57% | 0.58% | 0.63% |
| 80112 | 0.49% | 0.55% | 0.58% | 0.61% | 0.67% |
| 80121 | 0.54% | 0.59% | 0.65% | 0.67% | 0.68% |
| 80122 | 0.54% | 0.60% | 0.65% | 0.67% | 0.72% |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Property Tax Assessment Values Across Centennial, Arapahoe County, Colorado
When examining property taxes in Centennial, Colorado, 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 assessment office 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.
Assessment notices:
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. For context, Centennial’s median home price is $651,400, and the median tax bill is $3,952, above the national median property tax bill of $2,400. Tax bills range significantly across the county, with ZIP code 80016 showing the highest median home price at $981,200 and the highest median tax bill at $6,027.
Property Tax Assessment Values Across Centennial, Arapahoe County, Colorado
Source: Ownwell
$143,800
$1,733,750
$3,323,700
Median Centennial Market Value
$651,400
Median Arapahoe County Market Value
$554,000
Median Colorado Market Value
$519,879
Median United States Market Value
$274,101
Property Tax Assessment Values Across Centennial, Arapahoe County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80015 | $525,700 | $559,100 | $616,400 | $696,975 | $788,630 |
| 80016 | $692,460 | $781,450 | $981,200 | $1,298,000 | $1,558,560 |
| 80111 | $646,200 | $690,250 | $763,800 | $866,850 | $1,068,900 |
| 80112 | $502,420 | $588,600 | $694,300 | $831,300 | $969,580 |
| 80121 | $526,340 | $569,400 | $634,300 | $746,400 | $955,200 |
| 80122 | $390,200 | $518,600 | $624,800 | $744,750 | $892,000 |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Property Tax Bills Across Centennial, Arapahoe County, Colorado
Property tax bills in Centennial are calculated by applying the local tax rate to a home’s assessed value, which is based on its market value. That means the higher the assessed value, the higher the bill can be. For homeowners in Arapahoe County, this can make a meaningful difference, especially with a median home price of $651,400. Property taxes affect monthly housing costs and long-term affordability, and Centennial homeowners often see bills that vary widely by neighborhood and zip code.
The 25th percentile tax bill is $3,303, the 75th percentile is $4,871, and the 90th percentile reaches $6,134. The highest median tax bill is $6,027 in 80016, while the lowest median tax bill is $3,598 in 80015. Ownwell helps homeowners save by reviewing their property tax assessments and filing appeals when a home is overassessed. By challenging an unfair assessed value, Ownwell can help reduce property tax bills and keep more money in homeowners’ pockets.
Median Centennial Tax Bill
$3,952
Median Arapahoe County Tax Bill
$2,971
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$3,209
Property Tax Bills Across Centennial, Arapahoe County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80015 | $2,897 | $3,177 | $3,598 | $4,126 | $4,939 |
| 80016 | $4,322 | $5,006 | $6,027 | $7,679 | $9,194 |
| 80111 | $3,294 | $3,764 | $4,340 | $5,019 | $6,316 |
| 80112 | $2,721 | $3,311 | $4,032 | $5,031 | $6,103 |
| 80121 | $3,051 | $3,520 | $4,078 | $4,889 | $6,311 |
| 80122 | $2,397 | $3,164 | $4,008 | $4,885 | $6,087 |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Arapahoe Tax Assessor | |
| Website | parcelsearch.arapahoegov.com |