Denver Property Taxes Where Is The Best Bang For Your Buck

Dated: 04/24/2018

Views: 90

Image title

Potential home buyers are all about budget – how much house can they afford? How much can be put into renovations? Is a higher price tag worth that awesome location? But one thing would-be homebuyers forget to consider is the cost of a home after they buy it. Take property taxes for example. Property taxes in Colorado are leveraged by local governments to support a variety of community services, like funding water sanitation systems, paying law enforcement and funding schools. But where in the state are those property taxes being used most effectively? Where will your tax dollars go the furthest? Read on to find out!

SmartAsset, a New York-based personal finance company, recently released a report that looks at the places in the state where people are getting the most for their property tax dollars. To compile the report, the company looked at school rankings, crime rates and property taxes for every county in the state. It assigned each county a community score and analyzed the number of property taxes collected by each county, then created a ratio to determine where property tax dollars are going furthest.

10. Park County
Property tax rate: 0.45%
School rating: 9
Crimes per 100,000 people: 840
Overall value index: 82.24

5. Alamosa County
Property tax rate: 0.59%
School rating: 7
Crimes per 100,000 people: 627
Overall value index: 92.95

9. Crowley County
Property tax rate: 0.58%
School rating: 2
Crimes per 100,000 people: 522
Overall value index: 89.67

4. Conejos County
Property tax rate: 0. 50%
Crimes per 100,000 people: 776
Overall value index: 93.17

8. Elbert County
Property tax rate: 0.51%
School rating: 3
Crimes per 100,000 people: 147
Overall value index: 90.27

3. Lincoln County
Property tax rate: 0.60%
School rating: 8
Crimes per 100,000 people: 748
Overall value index: 95.63

7. Bent County
Crimes per 100,000 people: 1968
Overall value index: 91.06

2. Yuma County
Property tax rate: 0.54%
School rating: 4
Crimes per 100,000 people: 98
Overall value index: 98.64

6. La Plata County
Property tax rate: 0.29%
School rating: 5
Crimes per 100,000 people: 295
Overall value index: 92.12

1. Denver County
Property tax rate: 0.53%
Crimes per 100,000 people: 36
Overall value index: 99.66

Want to make sure your tax dollars are getting the best return? Check out some of the counties above – give Metrowest a shout today and we’d be happy to show you around!

Latest Blog Posts

Denver Homes Fastest Selling In The Country

     Would be home buyers in the Denver metro know all too well how quickly homes sell in the Mile High City. If you’re wondering if there’s anywhere else in the country where

Read More

Exploring Denvers Barnum Neighborhood

Once literally named the least desirable neighborhood in Denver, the area of Barnum is certainly creating a name and positive image for itself now. Hailed as one of the few last affordable areas in

Read More

Denvers Average Home Price Sets New Record

Single-family home prices keep climbing upward as Denver saw average prices hit $543,059 in April, according to the Denver Metro Association of Realtors May trends report. Data in the report

Read More

Home Resale Price Growth Still Climbing In Denver

Data from the latest S&P/Case-Shiller Home Prices Indices report reveals that Metro Denver's year-over-year gain in home-resale prices stood at 8.4 percent in February, almost an entire percentage

Read More