Morrison, Jefferson County, Colorado Property Taxes

Name: Property Tax Bills Across Morrison, Jefferson County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Morrison, CO effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%. Median Morrison, CO home value: $434,174. Median annual Morrison, CO tax bill: $2,934, $534 higher than the national median property tax bill of $2,400.

How are property taxes in Jefferson County calculated?

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

Last Updated March 1, 2025

Morrison, Jefferson County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$2,996

$2,780

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

Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Morrison, located in Jefferson County, CO, the effective property tax rate is notably lower than the national median of 1.02%. This positions Morrison as an attractive location for property owners seeking lower tax liabilities. The median property tax rate in the state is 0.69%, which is also below the national average. This favorable tax environment can contribute to significant savings for homeowners over time. When comparing Morrison's effective property tax rate to other cities in Colorado, it aligns with the state’s median, offering a consistent and predictable tax rate for residents. For those considering a move or property investment, understanding these tax implications is crucial in making informed decisions.

Property Tax Rates Across Morrison, Jefferson County, Colorado

Source: Ownwell

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 Morrison Tax Rate

0.69%

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 Morrison, Jefferson County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80465	0.52%	0.62%	0.69%	0.71%	0.99%

Source: Ownwell

Property Tax Assessment Values Across Morrison, Jefferson County, Colorado

When examining property taxes in Morrison, Colorado, 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 Morrison. For example, the median home price in Morrison is $434,174, with tax bills ranging significantly across the county. 80465 has the highest median home price at $434,174.

Property Tax Assessment Values Across Morrison, Jefferson County, Colorado

Source: Ownwell

$247,994

$528,030

$808,066

Median Morrison Market Value

$434,174

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 Morrison, Jefferson County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80465	$29,398	$362,251	$434,174	$666,931	$995,155

Source: Ownwell

Property Tax Bills Across Morrison, Jefferson County, Colorado

In Morrison, located in Jefferson County, CO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. With a median home price of $434,174, homeowners in Morrison face varying tax bills, with the 25th percentile at $2,370 and the 75th percentile reaching $4,302. These figures highlight the potential range of tax bills that homeowners might encounter, with some even reaching the 90th percentile at $7,143. Compared to the national median property tax bill of $2,400, many Morrison homeowners face higher tax burdens. The impact on homeowners can be significant, as higher tax bills can strain household budgets. Ownwell offers a solution by providing property tax appeal services. By reviewing property assessments and identifying potential inaccuracies, Ownwell helps homeowners potentially reduce their tax liabilities, ensuring they only pay their fair share and easing financial pressures.

Property Tax Bills Across Morrison, Jefferson County, Colorado

Source: Ownwell

$1,540

$4,493

$7,446

Median Morrison Tax Bill

$2,934

Median Jefferson County Tax Bill

$2,797

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Morrison, Jefferson County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80465	$1,500	$2,370	$2,934	$4,302	$7,143

Source: Ownwell