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Watkins, Arapahoe County, Colorado Property Taxes

  • Median Watkins, CO effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.

  • Median Watkins, CO home value: $489,200

  • Median annual Watkins, CO tax bill: $3,230, $830 higher than the national median property tax bill of $2,400.

How are property taxes in Arapahoe County calculated?

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

Last Updated March 1, 2025

Watkins, Arapahoe County, Colorado Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.44%

Estimate Property Tax Bill

$2,152

$1,997

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required 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 annual process, while influenced by votes and laws, essentially determines how much property owners will pay in taxes.

In Watkins, located in Arapahoe County, the effective property tax rate is a reflection of this process. The rate in Watkins is notably lower than the national median of 1.02%, offering a more affordable option for property owners compared to many other areas. This can be particularly appealing for potential homeowners or investors looking to minimize their tax burden.

Comparing Watkins' effective property tax rate to other cities in Colorado and the U.S. highlights its competitiveness. With the national median property tax bill at $2,400, Watkins presents an attractive opportunity for those seeking both affordability and the benefits of property ownership. This low tax rate can significantly impact long-term financial planning, making Watkins an appealing choice for those considering relocation or investment in the region.

Property Tax Rates Across Watkins, 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 Watkins Tax Rate

0.44%

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 Watkins, Arapahoe County, Colorado

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
801370.38%0.44%0.44%5.37%5.37%

Source: Ownwell

Property Tax Assessment Values Across Watkins, Arapahoe County, Colorado

When examining property taxes in Watkins, 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 Assessor's 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.

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 Watkins. For example, the median home price in Watkins is $489,200, with tax bills ranging significantly across the county. Zip code 80137 has the highest median home price at $489,200.

Property Tax Assessment Values Across Watkins, Arapahoe County, Colorado

Source: Ownwell

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$73,750

$1,300,035

$2,526,320

Median Watkins Market Value

$489,200

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 Watkins, Arapahoe County, Colorado

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
80137$65,085$67,578$489,200$670,000$748,920

Source: Ownwell

Property Tax Bills Across Watkins, Arapahoe County, Colorado

In Watkins, located in Arapahoe County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as location, property size, and market conditions influence the assessed value. Homeowners in Watkins face a median property tax bill of $3,230, significantly higher than the national median of $2,400. The 25th percentile tax bill is $2,609, while the 75th percentile reaches $3,496, indicating a range of tax burdens within the community. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially straining household budgets. Ownwell offers expert property tax appeal services to help homeowners in Watkins reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in securing potential savings, ensuring homeowners are not overpaying on their property taxes.

Property Tax Bills Across Watkins, Arapahoe County, Colorado

Source: Ownwell

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$457

$8,515

$16,572

Median Watkins Tax Bill

$3,230

Median Arapahoe County Tax Bill

$2,536

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Watkins, Arapahoe County, Colorado

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
80137$1,997$2,609$3,230$3,496$4,428

Source: Ownwell

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