Example of Arapahoe County Property Tax Calculation
Arapahoe County calculates property taxes based on the assessed value of a property. To determine the assessed value, the county assessor's office considers factors such as the size of the property, the location, and any improvements made to the property.
Once the assessed value is determined, the county applies a mill levy rate to calculate the property tax owed. The mill levy rate is set by various taxing authorities such as school districts and local governments.
For example, if the assessed value of a property in Arapahoe County is $250,000 and the mill levy rate is 100, the property tax owed would be $25,000 (250,000 x 0.1).
It is important to note that property taxes can vary widely depending on the location and size of the property, as well as the mill levy rate set by local taxing authorities.
If you want appeal your property tax assessment - contact your local tax assessor.
Arapahoe County Property Tax Rates
The Arapahoe County Property Tax rates for the current year are provided below in a formatted table. All rates are presented in units of dollars per $100 of assessed value.
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| General Fund | $0.422 |
| Road and Bridge | $0.169 |
| Open Space and Trails | $0.249 |
| Human Services | $0.248 |
| Law Enforcement Authority | $0.155 |
| Emergency Telephone Service | $0.070 |
| Library | $0.266 |
It is important to note that property tax rates can vary from year to year and may be impacted by changes in government funding priorities and revenue sources. Taxpayers are encouraged to consult with a qualified tax advisor for specific guidance regarding their own property tax obligations.
Who sets property tax rates in Arapahoe County ?
Property tax rates in Arapahoe County are set by the Board of County Commissioners, who do so on an annual basis. The rates are determined based on the assessed value of the property, as well as various other factors such as local budget needs and state laws. Property owners in Arapahoe County can expect to receive their annual property tax bill in January, with payment due no later than April 30th of the same year. It is important for property owners to pay their taxes on time, as failure to do so can result in penalties and interest charges. For more information on property taxes in Arapahoe County, individuals can visit the county website or contact the County Assessor's Office.
| Task | Description |
|---|---|
| Audience | Adult from USA |
| Voice | Active |
| Language | US English |
| Tense | Third person |
| Format | Markdown lists and tables |
Homestead exemptions in Arapahoe County ?
To help homeowners in Arapahoe County, Colorado understand their eligibility for Homestead exemptions and deductions, we've compiled a list of all county-specific benefits. Check out the following table for details on exemption, eligibility, amount and notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Senior Homestead Exemption | Age 65+ or disabled | $230,000 | The property must be the primary residence of the applicant and have been owned for at least 10 years. |
| Disabled Veteran Homestead Exemption | Honorably discharged veterans with a service-connected disability | $150,000 | The property must be the primary residence of the applicant and have been owned for at least one year. |
| Veteran's Exemption | Honorably discharged veterans who served on active duty during wartime | $24,000 | The property must be the primary residence of the applicant and have been owned for at least one year. |
| Surviving Spouse of a Veteran | Spouse of a deceased veteran who would have qualified for the Veteran's Exemption | $24,000 | The property must be the primary residence of the surviving spouse and have been owned for at least one year. |
| Agricultural Land | Owners of agricultural land | Varies | The county assessor determines the amount of exemption based on the property's use and value. |
| Renewable Energy System | Owners of property with a renewable energy system | Varies | The county assessor determines the amount of exemption based on the value of the system. |
It's important to note that these exemptions and deductions have specific eligibility requirements and application deadlines. Homeowners in Arapahoe County should contact their county assessor's office for more information and to see if they qualify for any of these benefits.
When is Arapahoe County Property Tax due ?
According to the Arapahoe County Treasurer's Office, property taxes are due on April 30th of every year. However, if the due date falls on a weekend or holiday, the payment is due on the next business day.
Payment methods accepted by the Arapahoe County Treasurer's Office include:
- Online payments via e-check, credit/debit card, or automatic bank withdrawal
- Personal or cashier's checks made payable to Arapahoe County Treasurer
- Money orders made payable to Arapahoe County Treasurer
- Cash payments made in person at the Arapahoe County Treasurer's Office during business hours
It's important to note that late payments may result in penalties and interest, so it's recommended to submit payments before the due date. If the property owner is struggling to make the payment, they are encouraged to contact the Arapahoe County Treasurer's Office to discuss payment options.
If you have more questions - contact your local tax collector.
How is Arapahoe County Property Tax penalty calculated ?
Arapahoe County property owners may face a penalty if they fail to pay their property taxes on time. Here's how the penalty is calculated and an example to better understand it:
- Due dates: Property taxes in Arapahoe County are due on January 15 and June 15 each year.
- Penalty calculation: If a property owner fails to pay their property taxes by the due date, a penalty of 1% per month (or fraction of a month) will be added to the amount owed. The penalty will be calculated starting from the day after the due date until the day the taxes are paid in full.
- Example: Let's say John owns a property in Arapahoe County and his property taxes are due on January 15. He fails to pay the taxes until March 1. The penalty will be calculated as follows:
- January 16 to February 15 = 1% penalty
- February 16 to March 1 = 0.5% penalty
- Total penalty = 1.5% (1% + 0.5%) of the amount owed
It's important for Arapahoe County property owners to pay their property taxes on time to avoid penalties and additional fees.
We recommend contacting the Arapahoe County Tax Office or a local tax professional for the most up-to-date and accurate information.