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Cherry Hills Village, Arapahoe County, Colorado Property Taxes

  • Median Cherry Hills Village, CO effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.

  • Median Cherry Hills Village, CO home value: $2,135,200

  • Median annual Cherry Hills Village, CO tax bill: $14,139, $11,739 higher than the national median property tax bill of $2,400.

How are property taxes in Arapahoe calculated?

Property taxes in Cherry Hills Village, 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 Cherry Hills Village’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cherry Hills Village, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cherry Hills Village, Arapahoe County, Colorado Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$14,092

$13,077

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Cherry Hills Village Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cherry Hills Village with just two data points. By entering your property's estimated assessed value, our calculator applies Cherry Hills Village’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Arapahoe County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cherry Hills Village, Arapahoe County, Colorado

Local government entities determine tax rates, which can vary significantly within a state. Annually, each county estimates its budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process involves votes and laws, but essentially, this is how it works each year. In Cherry Hills Village, located in Arapahoe County, the effective property tax rate is relatively low compared to other cities in Colorado. The median property tax rate in Cherry Hills Village is notably below the national median of 1.02%, providing residents with a more favorable tax environment. This lower rate can be attributed to the efficient management of local budgets and the high value of properties within the area. When compared to the median property tax rates across the U.S., Cherry Hills Village offers a more attractive rate for homeowners, making it an appealing place to reside for those looking to benefit from lower property taxes while enjoying the amenities and services provided by the local government.

Property Tax Rates Across Cherry Hills Village, Arapahoe County, Colorado

Source: Ownwell

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0.44%

0.75%

1.07%

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 Cherry Hills Village Tax Rate

0.66%

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 Cherry Hills Village, Arapahoe County, Colorado

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
801110.62%0.66%0.66%0.66%0.70%
801210.62%0.65%0.66%0.66%0.66%

Source: Ownwell

Property Tax Assessment Values Across Cherry Hills Village, Arapahoe County, Colorado

When examining property taxes in Cherry Hills Village, 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 Cherry Hills Village.

For example, the median home price in Cherry Hills Village is $2,135,200, with tax bills ranging significantly across the county. Zip code 80121 has the highest median home price at $2,526,320.

Property Tax Assessment Values Across Cherry Hills Village, Arapahoe County, Colorado

Source: Ownwell

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$73,750

$1,300,035

$2,526,320

Median Cherry Hills Village Market Value

$2,135,200

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 Cherry Hills Village, Arapahoe County, Colorado

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
80111$1,492,430$1,686,900$1,822,700$2,277,625$3,304,880
80121$1,365,000$1,608,600$2,526,320$3,343,700$4,131,760

Source: Ownwell

Property Tax Bills Across Cherry Hills Village, Arapahoe County, Colorado

In Cherry Hills Village, Arapahoe County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. With a median home price of $2,135,200, homeowners can expect their tax bills to be significantly higher than the national median property tax bill of $2,400. In fact, the median tax bill in the area can reach up to $16,572, with some homeowners paying as much as $25,719. These high tax bills can put a strain on homeowners, making it crucial to explore ways to reduce them. This is where Ownwell comes in. By leveraging extensive knowledge of property tax laws and regulations, Ownwell helps homeowners identify potential savings and appeal their property tax assessments. This service can lead to substantial reductions in tax bills, providing much-needed relief for homeowners in Cherry Hills Village.

Property Tax Bills Across Cherry Hills Village, Arapahoe County, Colorado

Source: Ownwell

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$457

$8,515

$16,572

Median Cherry Hills Village Tax Bill

$14,139

Median Arapahoe County Tax Bill

$2,536

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Cherry Hills Village, Arapahoe County, Colorado

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
80111$9,348$10,634$12,450$15,021$21,796
80121$9,002$10,779$16,572$21,991$27,903

Source: Ownwell

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