Broomfield County property tax

Example of Broomfield County Property Tax Calculation

Broomfield County property taxes are calculated based on the assessed value of the property. The value is determined by the county assessor's office and takes into account factors such as location, size, and condition of the property.

To calculate the property tax, the assessed value is multiplied by the mill levy, which is the rate at which the property is taxed. For example, if the assessed value of a property in Broomfield County is $200,000 and the mill levy is 100, the property tax would be $20,000.

It is important to note that the mill levy can vary depending on the specific taxing jurisdictions within Broomfield County, such as school districts or fire departments. The final property tax amount will also be influenced by any applicable exemptions or deductions.

Overall, understanding the calculation of Broomfield County property taxes can help property owners plan and budget for their tax obligations.

If you want appeal your property tax assessment - contact your local tax assessor.

Broomfield County Property Tax Rates

Here is the table that lists the Broomfield County Property Tax rates per 100$ of assessed value:

Note that these rates may be subject to change and property owners should confirm the most up-to-date rates with the Broomfield County Treasurer's office.

Who sets property tax rates in Broomfield County ?

In Broomfield County, the property tax rates are set by the Board of County Commissioners. This typically occurs during the annual budget process, where the board determines the amount of revenue needed to fund county services and programs.

The property tax rate is calculated based on the assessed value of the property, which is determined by the Broomfield County Assessor’s Office. The rate is then applied to the assessed value to determine the amount of property tax owed.

It's important to note that property tax rates can vary from year to year and are subject to change based on a variety of factors, including changes in property values and shifts in county funding priorities. Property owners in Broomfield County can contact the County Commissioner's Office or the Assessor's Office for more information about property tax rates and how they are set.

Homestead exemptions in Broomfield County ?

To provide comprehensive information on Homestead exemptions and deductions in Broomfield County, Colorado, the following table is presented:

It is important to note that there may be additional requirements for each exemption or deduction, and interested parties are advised to contact the Broomfield County Assessor's Office for more information. These exemptions and deductions can provide significant savings in property taxes for eligible individuals or properties in Broomfield County.

When is Broomfield County Property Tax due ?

Broomfield County Property Tax is typically due on April 30th of each year. However, if this date falls on a weekend or holiday, the due date will be the following business day. It's important to note that late payments will result in penalty fees and interest charges.

Payment methods for Broomfield County Property Tax include:

• Online: Residents can pay their property tax online using a credit card or e-check through the county's website.
• By mail: Property tax payments can be mailed to the Broomfield County Treasurer's Office at the address listed on the tax bill.
• In-person: Residents can make a payment in person at the Broomfield County Treasurer's Office during regular business hours.

It's recommended that residents pay their property tax bill as early as possible to avoid any late fees or penalties. For more information on Broomfield County Property Tax, residents can visit the county's website or contact the Treasurer's Office directly.

If you have more questions - contact your local tax collector.

How is Broomfield County Property Tax penalty calculated ?

Broomfield County Property Tax Penalty Calculation

Property taxes are an important source of revenue for local governments to provide essential services to citizens. Failure to pay property taxes on time will result in a penalty, interest, and additional fees. Here is how Broomfield County calculates property tax penalties:

1. Due Date: Property taxes are due on January 1st of each year. The taxpayer has until the last business day of April to pay the full amount.

2. Penalty: If the taxpayer fails to pay the property taxes by the due date, a penalty of 1% will be assessed each month until the taxes are paid in full. If the taxpayer pays the taxes late by 60 days or more, an additional penalty of 10% will be added to the total amount due.

3. Interest: Interest is also charged on delinquent property taxes at a rate of 1% per month or fraction of a month.

Here is an example of how the penalty and interest would be calculated for a property with an assessed value of $300,000 and property tax rate of 1.0%:

In this example, if the taxpayer paid the full amount on April 30th, no penalty would be assessed. However, if the taxpayer paid on August 1st, the penalty would be $127.80 ($31.51 + $32.14 + $32.78 + $31.37) and the interest would be $94.06 ($31.20 + $31.51 + $32.14). Therefore, the total due would be $3,344.06.

It is essential for taxpayers to pay their property taxes on time to avoid penalties and interest. Additionally, delinquent property taxes can result in a tax lien or even foreclosure. If a taxpayer is unable to pay property taxes, they should contact the Broomfield County Treasurer's Office to discuss their options.

We recommend contacting the Broomfield County Tax Office or a local tax professional for the most up-to-date and accurate information.

Broomfield County tax offices:

• Broomfield County tax assessor
• Broomfield County tax collector
• Broomfield County tax commissioner
• Broomfield County tax appraiser
• Broomfield County tag office