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Franktown, Douglas County, Colorado Property Taxes

  • Median Franktown, 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 Franktown, CO home value: $694,118

  • Median annual Franktown, CO tax bill: $3,968, $1,568 higher than the national median property tax bill of $2,400.

How are property taxes in Douglas County calculated?

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

Last Updated March 1, 2025

Franktown, Douglas County, Colorado Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$4,026

$3,736

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. This variation is due to the annual budgeting process where each county estimates the funds needed to provide essential services. The county then divides this budget by the total value of all taxable property within its jurisdiction to calculate the property tax rate. While votes and laws play a role in determining these rates and budgets, this is essentially how the process unfolds each year.

In Franktown, located in Douglas County, the effective property tax rate is notably lower than the national median of 1.02%. This makes Franktown an attractive location for property owners looking to minimize their tax burden. Compared to other cities in Colorado, Franktown's rate is among the lowest, aligning with the county's efficient budgeting and valuation practices. The median property tax rate in Colorado also tends to be lower than the national average, offering residents a more favorable tax environment. This comparison highlights Franktown's appeal as a cost-effective place to own property, benefiting both homeowners and investors.

Property Tax Rates Across Franktown, Douglas County, Colorado

Source: Ownwell

0.52%

0.71%

0.90%

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 Franktown 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 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 Franktown, Douglas County, Colorado

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
801160.49%0.55%0.58%0.58%0.90%

Source: Ownwell

Property Tax Assessment Values Across Franktown, Douglas County, Colorado

When examining property taxes in Franktown, 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 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 Douglas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Franktown.

For example, the median home price in Franktown is $694,118, with tax bills ranging significantly across the county. Zip code 80116 has the highest median home price at $694,118.

Property Tax Assessment Values Across Franktown, Douglas County, Colorado

Source: Ownwell

$328,961

$511,540

$694,118

Median Franktown Market Value

$694,118

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 Franktown, Douglas County, Colorado

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
80116$361,288$536,903$694,118$843,848$1,085,113

Source: Ownwell

Property Tax Bills Across Franktown, Douglas County, Colorado

In Franktown, located in Douglas County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. Homeowners in Franktown face a median property tax bill of $3,968, which is above the national median of $2,400. This reflects the area's higher median home price of $694,118. Factors such as property size, location, and local tax rates influence the final tax bill. For instance, the 25th percentile tax bill is $3,122, while the 75th percentile reaches $5,087, indicating a range of tax obligations depending on individual property assessments. The financial impact on homeowners can be significant, especially when compared to the national median property tax rate of 1.02%. Ownwell assists homeowners in reducing their property tax bills by offering expert services in property tax appeals and exemptions. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners achieve potential savings, ensuring they only pay their fair share.

Property Tax Bills Across Franktown, Douglas County, Colorado

Source: Ownwell

$2,067

$3,613

$5,159

Median Franktown Tax Bill

$3,968

Median Douglas County Tax Bill

$3,328

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Franktown, Douglas County, Colorado

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
80116$2,352$3,122$3,968$5,087$7,203

Source: Ownwell

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