Lakewood, Jefferson County, Colorado Property Taxes
Median Lakewood, CO effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Lakewood, CO home value: $413,314
Median annual Lakewood, CO tax bill: $2,556, $156 higher than the national median property tax bill of $2,400.
How are property taxes in Jefferson County calculated?
Property taxes in Lakewood, 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 Lakewood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lakewood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lakewood, Jefferson County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$2,645
$2,455
Property Tax Rates Across Lakewood, Jefferson County, Colorado
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to each county's annual estimation of its required budget to provide essential services. The budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this process essentially determines the annual property tax rate.
In Lakewood, located in Jefferson County, Colorado, you can compare the effective property tax rate to other cities in the state and the median property tax rates in Colorado and the U.S. Lakewood’s property tax rate is notably lower than the national median property tax rate of 1.02%. This makes Lakewood an attractive option for property owners looking for lower tax liabilities compared to the national average. By understanding how property tax rates are determined and comparing them to state and national averages, homeowners in Lakewood can make informed decisions about their property investments.
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 Lakewood Tax Rate
0.64%
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 Lakewood, Jefferson County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80214 | 0.50% | 0.64% | 0.64% | 0.65% | 0.67% |
| 80215 | 0.51% | 0.63% | 0.64% | 0.68% | 0.69% |
| 80226 | 0.49% | 0.64% | 0.64% | 0.68% | 0.69% |
| 80227 | 0.51% | 0.65% | 0.67% | 0.67% | 0.67% |
| 80228 | 0.50% | 0.64% | 0.64% | 0.64% | 0.64% |
| 80232 | 0.48% | 0.65% | 0.65% | 0.65% | 0.68% |
| 80235 | 0.54% | 0.61% | 0.64% | 0.64% | 0.71% |
| 80401 | 0.48% | 0.63% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Lakewood, Jefferson County, Colorado
When examining property taxes in Lakewood, 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'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.
Assessment notices: In Jefferson 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 Lakewood. For example, the median home price in Lakewood is $413,314, with tax bills ranging significantly across the county. Zip code 80235 has the highest median home price at $662,504.
Property Tax Assessment Values Across Lakewood, Jefferson County, Colorado
Source: Ownwell
$247,994
$528,030
$808,066
Median Lakewood Market Value
$413,314
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 Lakewood, Jefferson County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80214 | $185,676 | $285,709 | $386,472 | $462,690 | $547,590 |
| 80215 | $275,327 | $386,839 | $476,144 | $574,843 | $666,981 |
| 80226 | $255,853 | $337,307 | $399,850 | $451,593 | $514,569 |
| 80227 | $221,648 | $259,690 | $396,207 | $497,971 | $613,488 |
| 80228 | $249,340 | $357,902 | $444,844 | $512,047 | $682,320 |
| 80232 | $270,208 | $338,926 | $382,803 | $422,996 | $467,093 |
| 80235 | $40,000 | $588,564 | $662,504 | $725,827 | $787,067 |
| 80401 | $304,440 | $348,714 | $393,564 | $433,094 | $492,519 |
Source: Ownwell
Property Tax Bills Across Lakewood, Jefferson County, Colorado
Median Lakewood Tax Bill
$2,556
Median Jefferson County Tax Bill
$2,797
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Lakewood, Jefferson County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80214 | $1,191 | $1,786 | $2,400 | $3,059 | $3,895 |
| 80215 | $1,673 | $2,285 | $2,993 | $3,758 | $4,566 |
| 80226 | $1,484 | $2,017 | $2,500 | $2,904 | $3,408 |
| 80227 | $1,442 | $1,690 | $2,391 | $3,203 | $4,132 |
| 80228 | $1,548 | $2,058 | $2,736 | $3,234 | $4,639 |
| 80232 | $1,637 | $1,914 | $2,404 | $2,711 | $3,058 |
| 80235 | $3,485 | $3,789 | $4,242 | $4,683 | $5,353 |
| 80401 | $1,818 | $2,014 | $2,434 | $2,760 | $3,174 |
Source: Ownwell