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Elizabeth, Douglas County, Colorado Property Taxes

  • Median Elizabeth, CO effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.

  • Median Elizabeth, CO home value: $352,352

  • Median annual Elizabeth, CO tax bill: $3,881, $1,481 higher than the national median property tax bill of $2,400.

How are property taxes in Douglas calculated?

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

Last Updated March 1, 2025

Elizabeth, Douglas County, Colorado Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.57%

Estimate Property Tax Bill

$2,998

$2,782

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

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

Property Tax Rates Across Elizabeth, Douglas County, Colorado

Local government entities in Colorado set property tax rates, which can vary significantly across the state. This variation stems from the fact that each county, including Douglas County, annually estimates its required budget to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. While the setting of tax rates and budgets involves votes and laws, this is essentially the annual process at play.

In Elizabeth, located in Douglas County, the effective property tax rate is a reflection of this process. Comparatively, Colorado's median property tax rate stands at 0.62%, which is notably lower than the national median property tax rate of 1.02%. This makes Elizabeth and other areas in Douglas County an attractive option for property owners seeking lower property tax obligations. By understanding how these rates are determined, property owners can better navigate their financial responsibilities and potentially explore appealing options to reduce their tax burden.

Property Tax Rates Across Elizabeth, Douglas County, Colorado

Source: Ownwell

0.21%

0.47%

0.73%

Our median effective property tax rate (tax bill Ă· 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 Elizabeth Tax Rate

0.57%

Our median effective property tax rate (tax bill Ă· 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

0.59%

Median Effective Colorado Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elizabeth, Douglas County, Colorado

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
80107N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Elizabeth, Douglas County, Colorado

When examining property taxes in Elizabeth, 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 Elizabeth. For example, the median home price in Elizabeth is $352,352, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Elizabeth, Douglas County, Colorado

Source: Ownwell

$87,800

$532,572

$977,343

Median Elizabeth Market Value

$525,974

Median Douglas County Market Value

$725,700

Median Colorado Market Value

$519,879

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elizabeth, Douglas County, Colorado

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
80107N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Elizabeth, Douglas County, Colorado

In Elizabeth, located in Douglas County, CO, property tax bills are determined by assessing the property's market value and applying the county's tax rate. The median home price in this area is $352,352, which influences the overall tax bill. For homeowners, the tax bill can vary significantly, with the 25th percentile at $2,316 and the 75th percentile reaching $4,583. Notably, the 90th percentile tax bill can climb to $5,003, which is considerably higher than the national median property tax bill of $2,400. These variations depend on factors such as property size, location, and any applicable exemptions. High property taxes can place a financial strain on homeowners, making it essential to manage these costs effectively. This is where Ownwell can make a difference. By leveraging expert knowledge in property tax appeals and exemptions, Ownwell assists homeowners in potentially reducing their tax liabilities, ensuring they only pay what's fair. This service not only alleviates financial burdens but also provides peace of mind.

Property Tax Bills Across Elizabeth, Douglas County, Colorado

Source: Ownwell

$164

$3,323

$6,481

Median Elizabeth Tax Bill

$3,066

Median Douglas County Tax Bill

$4,516

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Elizabeth, Douglas County, Colorado

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
80107N/AN/AN/AN/AN/A

Source: Ownwell

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