Bailey, Jefferson County, Colorado Property Taxes
Median Bailey, CO effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Bailey, CO home value: $743,617
Median annual Bailey, CO tax bill: $4,573, $2,173 higher than the national median property tax bill of $2,400.
How are property taxes in Jefferson calculated?
Property taxes in Bailey, 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 Bailey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bailey, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bailey, Jefferson County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$4,536
$4,209
$1,102
Average Tax Savings
Property Tax Rates Across Bailey, Jefferson County, Colorado
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Bailey, located in Jefferson County, Colorado, the effective property tax rate is notably lower than both the state and national medians. With a median property tax rate of 0.61%, Bailey offers a more affordable option compared to the national median rate of 1.02%. This lower rate can result in significant savings for homeowners, making Bailey an attractive location for those looking to reduce their property tax expenses. For comparison, the national median property tax bill stands at $2,400. Bailey's lower tax rate can help homeowners allocate their finances more efficiently, providing an opportunity to invest in other areas of life. This financial advantage adds to the allure of living in Bailey, offering residents both economic and lifestyle benefits.
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 Bailey Tax Rate
0.61%
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 Jefferson County Tax Rate
0.66%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bailey, Jefferson County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80421 | 0.61% | 0.61% | 0.61% | 0.78% | 2.57% |
Source: Ownwell
$1,102
Average Bailey Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Bailey, Jefferson County, Colorado
When examining property taxes in Bailey, 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 Jefferson 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.
Assessment notices: In Jefferson 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 Bailey.
For example, the median home price in Bailey is $743,617, with tax bills ranging significantly across the county. Zip code 80421 has the highest median home price at $743,617.
Property Tax Assessment Values Across Bailey, Jefferson County, Colorado
Source: Ownwell
$247,994
$528,030
$808,066
Median Bailey Market Value
$743,617
Median Jefferson County Market Value
$436,276
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bailey, Jefferson County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80421 | $148,878 | $317,696 | $743,617 | $803,442 | $1,004,354 |
Source: Ownwell
$1,102
Average Bailey Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Bailey, Jefferson County, Colorado
In Bailey, located in Jefferson County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the home's market value. Homeowners in Bailey face a median property tax bill of $4,573, which is significantly higher than the national median of $2,400. Factors such as the property's size, location, and improvements can influence the assessed value, impacting the overall tax bill. With a tax rate higher than the national median of 1.02%, residents in Bailey may find their property tax burdens substantial.
Ownwell offers a lifeline for homeowners seeking to reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell helps homeowners navigate the complexities of the property tax system. Through a comprehensive analysis of property assessments, Ownwell identifies opportunities for tax reductions, ensuring that homeowners pay only their fair share. By partnering with Ownwell, Bailey residents can potentially save significant amounts on their property taxes, easing their financial burdens.
Median Bailey Tax Bill
$4,573
Median Jefferson County Tax Bill
$2,797
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Bailey, Jefferson County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80421 | $2,046 | $3,975 | $4,573 | $5,437 | $6,176 |
Source: Ownwell
$1,102
Average Bailey Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 9 |
Links | |
|---|---|
| Jefferson Tax Assessor | |
| Website | propertysearch.jeffco.us |
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