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Buffalo Creek, Jefferson County, Colorado Property Taxes

  • Median Buffalo Creek, 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 Buffalo Creek, CO home value: $417,736

  • Median annual Buffalo Creek, CO tax bill: $3,183, $783 higher than the national median property tax bill of $2,400.

How are property taxes in Jefferson County calculated?

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

Last Updated March 1, 2025

Buffalo Creek, 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

$2,548

$2,365

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Buffalo Creek, Jefferson County, Colorado

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide essential services and dividing 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, this is the annual process in a nutshell.

In Buffalo Creek, located in Jefferson County, Colorado, property tax rates can differ from other areas in the state. The effective property tax rate here is lower than the national median rate of 1.02%. This makes Buffalo Creek an attractive location for property owners looking to save on taxes while enjoying the benefits of local government services. By comparing Buffalo Creek’s effective property tax rate to other cities in Colorado, as well as the median property tax rates in the state and the U.S., potential homeowners and investors can make informed decisions about property investments in this region. With its favorable tax rate, Buffalo Creek stands out as a cost-effective option for property ownership.

Property Tax Rates Across Buffalo Creek, Jefferson County, Colorado

Source: Ownwell

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0.54%

0.89%

1.23%

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 Buffalo Creek 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 Buffalo Creek, Jefferson County, Colorado

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
804250.48%0.61%0.61%0.61%0.61%
80470N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Buffalo Creek, Jefferson County, Colorado

When examining property taxes in Buffalo Creek, 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 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.

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 Buffalo Creek.

For example, the median home price in Buffalo Creek is $417,736, with tax bills ranging significantly across the county. 80425 has the highest median home price at $420,141.

Property Tax Assessment Values Across Buffalo Creek, Jefferson County, Colorado

Source: Ownwell

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$247,994

$528,030

$808,066

Median Buffalo Creek Market Value

$417,736

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 Buffalo Creek, Jefferson County, Colorado

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
80425$145,320$199,885$420,141$665,573$754,249
80470N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Buffalo Creek, Jefferson County, Colorado

In Buffalo Creek, Jefferson County, CO, property tax bills are determined by several factors, including the assessed value of the home and the local tax rate. With a median home price of $417,736, homeowners in this area experience a range of tax bills. The 25th percentile tax bill is approximately $1,315, while the 75th percentile reaches around $4,317, and the 90th percentile can be as high as $5,005. This variability indicates that property taxes can significantly impact homeowners' finances. Compared to the national median property tax bill of $2,400, Buffalo Creek's tax bills can be relatively higher, especially at the upper percentiles. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps ensure that homeowners are not overpaying on their tax bills. This support can lead to significant savings, easing the financial burden on property owners and ensuring they pay only their fair share.

Property Tax Bills Across Buffalo Creek, Jefferson County, Colorado

Source: Ownwell

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$1,540

$4,493

$7,446

Median Buffalo Creek Tax Bill

$3,183

Median Jefferson County Tax Bill

$2,797

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Buffalo Creek, Jefferson County, Colorado

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
80425$745$1,306$3,177$4,204$4,967
80470N/AN/AN/AN/AN/A

Source: Ownwell

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