Erie, Broomfield County, Colorado Property Taxes

Name: Property Tax Bills Across Erie, Broomfield County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Erie, 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 Erie, CO home value: $360,690
Median annual Erie, CO tax bill: $1,955, $445 lower than the national median property tax bill of $2,400.

How are property taxes in Broomfield calculated?

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

Last Updated March 1, 2025

Erie, Broomfield County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.44%

Estimate Property Tax Bill

$1,587

$1,473

Ownwell’s Erie Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Erie with just two data points. By entering your property's estimated assessed value, our calculator applies Erie’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 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 Broomfield County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Erie, Broomfield County, Colorado

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 Erie's effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.

Property Tax Rates Across Erie, Broomfield County, Colorado

Source: Ownwell

0.44%

0.61%

0.78%

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 Erie Tax Rate

0.44%

Median Effective Broomfield County Tax Rate

0.55%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Erie, Broomfield County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80516	0.27%	0.38%	0.44%	0.55%	0.81%

Source: Ownwell

Property Tax Assessment Values Across Erie, Broomfield County, Colorado

When examining property taxes in Erie, 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 Broomfield County Assessor 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 Broomfield 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 Erie. For example, the median home price in Erie is $360,690, with tax bills ranging significantly across the county. 80516 has the highest median home price at $360,690.

Property Tax Assessment Values Across Erie, Broomfield County, Colorado

Source: Ownwell

$30,410

$518,943

$1,007,475

Median Erie Market Value

$360,690

Median Broomfield County Market Value

$637,620

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Erie, Broomfield County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80516	$126,955	$282,080	$360,690	$603,875	$832,070

Source: Ownwell

Property Tax Bills Across Erie, Broomfield County, Colorado

In Erie, located in Broomfield County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $360,690, homeowners can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is $1,135, while the 75th percentile reaches $3,323, and the 90th percentile climbs to $3,815. The median property tax bill in the area is $1,955, which is below the national median of $2,400. This means that while some homeowners pay less than the national average, others may see higher bills depending on the assessed value and local tax rates. Factors influencing these bills include the property's location, size, and improvements. Homeowners in Erie can benefit from Ownwell's expertise by appealing their property tax assessments, potentially lowering their tax burden. Ownwell's services ensure that homeowners are not overpaying and are taking advantage of all available exemptions, leading to significant savings.

Property Tax Bills Across Erie, Broomfield County, Colorado

Source: Ownwell

$510

$4,194

$7,877

Median Erie Tax Bill

$1,955

Median Broomfield County Tax Bill

$3,517

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Erie, Broomfield County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80516	$590	$1,135	$1,955	$3,323	$3,815

Source: Ownwell