Elbert, Douglas County, Colorado Property Taxes
Median Elbert, 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 Elbert, CO home value: $599,252. Median annual Elbert, CO tax bill: $3,902, $1,502 higher than the national median property tax bill of $2,400.
How are property taxes in Douglas County calculated?
Property taxes in Elbert, 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 Elbert’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elbert, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elbert, Douglas County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$3,955
$3,670
Property Tax Rates Across Elbert, Douglas 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. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Elbert’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.
In Elbert, located in Douglas County, the effective property tax rate stands at 0.66%. This rate is notably lower than the national median property tax rate of 1.02%. The property tax landscape in Elbert is consistent, with both the highest and lowest median tax rates being the same at 0.66%. This stability provides property owners with predictability in their financial planning. When compared to the national median property tax bill of $2,400, Elbert residents benefit from a more favorable tax environment, making it an attractive location for homeowners.
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 Elbert 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 Douglas County Tax Rate
0.64%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elbert, Douglas County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | 0.58% | 0.59% | 0.66% | 0.78% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Elbert, Douglas County, Colorado
When examining property taxes in Elbert, 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 Douglas 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 Douglas 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 Elbert.
For example, the median home price in Elbert is $599,252, with tax bills ranging significantly across the county. Zip code 80106 has the highest median home price at $599,252.
Property Tax Assessment Values Across Elbert, Douglas County, Colorado
Source: Ownwell
$328,961
$511,540
$694,118
Median Elbert Market Value
$599,252
Median Douglas County Market Value
$496,355
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elbert, Douglas County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | $286,809 | $419,135 | $599,252 | $870,307 | $1,111,232 |
Source: Ownwell
Property Tax Bills Across Elbert, Douglas County, Colorado
In Elbert, located in Douglas County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $599,252. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as local government budgets and school funding needs influence these rates. Homeowners in Elbert face a median property tax bill of $3,902, which is higher than the national median of $2,400. This disparity can significantly impact household budgets, making property tax management crucial.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging expertise in local tax regulations and market trends, Ownwell helps homeowners potentially lower their tax bills. This support can lead to substantial savings, easing the financial burden on homeowners and allowing them to allocate resources more effectively. Engaging Ownwell's services ensures that property tax assessments are fair and accurate, optimizing homeowners' financial well-being.
Median Elbert Tax Bill
$3,902
Median Douglas County Tax Bill
$3,328
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Elbert, Douglas County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | $2,025 | $2,853 | $3,902 | $6,067 | $7,968 |
Source: Ownwell