Genoa, Washington County, Colorado Property Taxes
Median Genoa, CO effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, and higher than the Colorado state median of 0.50%.
Median Genoa, CO home value: $170,412
Median annual Genoa, CO tax bill: $1,682, $718 lower than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in Genoa, 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 Genoa's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Genoa, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Genoa, Washington County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,483
$1,376
Property Tax Rates Across Genoa, Washington County, Colorado
Local government entities set tax rates, which can vary widely within a state. This is because 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.
Below, you can compare Genoa’s effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S. Genoa, located in Washington County, has a median property tax rate of 0.87%, which is lower than the national median property tax rate of 1.02%. This rate is consistent across the county, with both the highest and lowest median tax rates being 0.87% in the 80818 zip code. Washington County's tax rate is also lower than other counties in Colorado, making it an attractive option for property owners seeking lower tax liabilities.
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 Genoa Tax Rate
0.87%
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 Genoa, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80818 | 0.54% | 0.61% | 0.87% | 1.28% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Genoa, Washington County, Colorado
When examining property taxes in Genoa, 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 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.
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 Genoa. For example, the median home price in Genoa is $170,412, with tax bills ranging significantly across the county. Zip code 80818 has the highest median home price at $170,412.
Property Tax Assessment Values Across Genoa, Washington County, Colorado
Source: Ownwell
$51,046
$116,304
$181,561
Median Genoa Market Value
$170,412
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 Genoa, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80818 | $116,769 | $126,441 | $170,412 | $231,680 | $340,646 |
Source: Ownwell
Property Tax Bills Across Genoa, Washington County, Colorado
In Genoa, Washington County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is a percentage of the property's market value. Homeowners in Genoa face a median property tax bill of $1,682, which is lower than the national median of $2,400. However, tax bills can vary significantly, with amounts ranging from $921 at the 25th percentile to $3,508 at the 90th percentile. Factors influencing these variations include the property's location, size, and any exemptions for which the homeowner may qualify.
For homeowners in Genoa looking to reduce their property tax burden, Ownwell offers valuable services. By providing expert property tax appeal and exemption services, Ownwell helps ensure that property assessments are fair and accurate. This can lead to significant savings, as a successful appeal can lower the assessed value of a home, thereby reducing the tax bill. Homeowners can rely on Ownwell to navigate the complexities of property tax regulations and potentially save on their annual tax expenses.
Median Genoa Tax Bill
$1,682
Median Washington County Tax Bill
$643
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Genoa, Washington County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80818 | $742 | $921 | $1,682 | $2,954 | $3,508 |
Source: Ownwell