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Greenwood Village, Arapahoe County, Colorado Property Taxes

  • Median Greenwood Village, CO effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.

  • Median Greenwood Village, CO home value: $880,000

  • Median annual Greenwood Village, CO tax bill: $5,599, $3,199 higher than the national median property tax bill of $2,400.

How are property taxes in Arapahoe County calculated?

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

Last Updated March 1, 2025

Greenwood Village, Arapahoe County, Colorado Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$5,104

$4,736

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Greenwood Village Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenwood Village with just two data points. By entering your property's estimated assessed value, our calculator applies Greenwood 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 Greenwood Village, Arapahoe County, Colorado

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed for public services and divide this by the total value of all taxable properties within their boundaries. This calculation determines the property tax rate. Although the process involves votes and legislative measures, this is essentially how it works annually.

In Greenwood Village, located in Arapahoe County, the effective property tax rate is 0.58%. This is notably lower than both the state and national medians. For context, the national median property tax rate is 1.02%, and the median property tax bill is $2,400. Within Arapahoe County, the highest median tax rate is 0.70% in the 80121 zip code, while the lowest aligns with Greenwood Village at 0.58% in the 80111 zip code. Comparing these figures provides valuable insight into how Greenwood Village's tax rates stack up against other cities in Colorado and across the United States.

Property Tax Rates Across Greenwood 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 Greenwood Village Tax Rate

0.58%

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 Greenwood Village, Arapahoe County, Colorado

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
801110.53%0.58%0.58%0.60%0.68%
801210.56%0.58%0.70%0.70%0.70%

Source: Ownwell

Property Tax Assessment Values Across Greenwood Village, Arapahoe County, Colorado

When examining property taxes in Greenwood 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 Greenwood Village.

For example, the median home price in Greenwood Village is $880,000, with tax bills ranging significantly across the county. Zip code 80121 has the highest median home price at $1,559,300.

Property Tax Assessment Values Across Greenwood Village, Arapahoe County, Colorado

Source: Ownwell

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$73,750

$1,300,035

$2,526,320

Median Greenwood Village Market Value

$880,000

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 Greenwood Village, Arapahoe County, Colorado

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
80111$233,340$335,800$730,300$1,022,700$1,453,000
80121$901,460$1,164,700$1,559,300$2,097,600$2,940,560

Source: Ownwell

Property Tax Bills Across Greenwood Village, Arapahoe County, Colorado

In Greenwood Village, located in Arapahoe County, CO, property tax bills are determined by assessing the property's value and applying the local tax rate. With a median home price of $880,000, homeowners in this area face tax bills that range significantly. At the 25th percentile, the tax bill is $3,749, while at the 75th percentile, it rises to $8,887. The 90th percentile sees tax bills as high as $13,333. Factors influencing these amounts include the assessed value of the property and the local tax rate. The highest median tax bill in the area reaches $10,280 in the 80121 zip code, while the lowest is $4,601 in the 80111 zip code. Compared to the national median property tax bill of $2,400, Greenwood Village residents tend to pay more. Ownwell can assist homeowners by identifying potential savings through tax appeal and exemption services, ensuring they pay only what is necessary and potentially lowering their annual tax burden.

Property Tax Bills Across Greenwood Village, Arapahoe County, Colorado

Source: Ownwell

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$457

$8,515

$16,572

Median Greenwood Village Tax Bill

$5,599

Median Arapahoe County Tax Bill

$2,536

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenwood Village, Arapahoe County, Colorado

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
80111$1,644$2,868$4,601$6,253$8,833
80121$5,488$7,083$10,280$14,090$19,879

Source: Ownwell

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