Akron, Washington County, Colorado Property Taxes
Median Akron, Colorado effective property tax rate: 0.29%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Akron, Colorado home value: $233,241
Median annual Akron, Colorado tax bill: $821, $1,579 lower than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in Akron, Colorado 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 Akron’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Akron, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Akron, Washington County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$660
$613
Property Tax Rates Across Akron, Washington County, Colorado
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to the fact that 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 yields the property tax rate. Although votes and laws play roles in determining tax rates and budgets, this is essentially the annual process.
In Akron, located in Washington County, Colorado, the effective property tax rate is notably lower than both the state and national medians. Colorado's median property tax rate sits well below the national median of 1.02%, making it an attractive option for property owners looking to minimize their tax burden. Akron's rate is even more favorable compared to other cities within the state, providing an added incentive for homeowners in the area. This advantageous tax environment can lead to significant savings for property owners, making Akron a desirable location for those interested in reducing their property tax expenses. By understanding these rates, property owners can make informed decisions and potentially appeal their assessments to ensure they're not overpaying.
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 Akron Tax Rate
0.48%
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 Washington County Tax Rate
0.44%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Akron, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80720 | 0.22% | 0.33% | 0.48% | 0.64% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Akron, Washington County, Colorado
When examining property taxes in Akron, 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 Washington 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 Washington 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 Akron.
For example, the median home price in Akron is $233,241, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Akron, Washington County, Colorado
Source: Ownwell
$51,046
$116,304
$181,561
Median Akron Market Value
$137,602
Median Washington County Market Value
$127,984
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Akron, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80720 | $18,433 | $86,838 | $137,602 | $215,721 | $310,331 |
Source: Ownwell
Property Tax Bills Across Akron, Washington County, Colorado
Median Akron Tax Bill
$696
Median Washington County Tax Bill
$643
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Akron, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80720 | $132 | $341 | $696 | $1,235 | $2,152 |
Source: Ownwell