Longmont, Larimer County, Colorado Property Taxes
Median Longmont, CO effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Longmont, CO home value: $572,200
Median annual Longmont, CO tax bill: $3,464, $1,064 higher than the national median property tax bill of $2,400.
How are property taxes in Larimer calculated?
Property taxes in Longmont, 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 Longmont’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Longmont, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Longmont, Larimer County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.54%
Estimate Property Tax Bill
$4,349
$4,036
Property Tax Rates Across Longmont, Larimer County, Colorado
Local government entities set tax rates, and these can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Longmont, located in Larimer County, CO, the effective property tax rate reflects this process. The city's median tax rate stands at 0.60%, which is notably lower than the national median property tax rate of 1.02%. This lower rate can lead to significant savings for property owners compared to other areas with higher rates. For instance, the highest median tax rate in Longmont is 0.71% in the 80503 zip code, still below the national average. Such favorable tax rates make Longmont an attractive place for property owners seeking to minimize their tax burden while enjoying the services provided by the local government.
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 Longmont Tax Rate
0.54%
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 Larimer County Tax Rate
0.56%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Longmont, Larimer County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80503 | 0.56% | 0.61% | 0.65% | 0.66% | 0.66% |
| 80504 | 0.45% | 0.48% | 0.54% | 0.54% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Longmont, Larimer County, Colorado
When examining property taxes in Longmont, 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 Larimer 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 Larimer 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 Longmont. For example, the median home price in Longmont is $572,200, with tax bills ranging significantly across the county. Zip code 80503 has the highest median home price at $681,000.
Property Tax Assessment Values Across Longmont, Larimer County, Colorado
Source: Ownwell
$304,900
$734,250
$1,163,600
Median Longmont Market Value
$805,400
Median Larimer County Market Value
$551,300
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Longmont, Larimer County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80503 | $776,580 | $902,400 | $1,163,600 | $1,310,500 | $1,418,460 |
| 80504 | $660,570 | $694,950 | $787,900 | $853,350 | $1,191,800 |
Source: Ownwell
Property Tax Bills Across Longmont, Larimer County, Colorado
Median Longmont Tax Bill
$4,251
Median Larimer County Tax Bill
$3,054
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Longmont, Larimer County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80503 | $4,564 | $5,038 | $7,532 | $8,601 | $9,403 |
| 80504 | $3,189 | $3,504 | $4,068 | $4,588 | $6,590 |
Source: Ownwell