Colorado Mortgage Calculator
Calculate your monthly payment in Colorado, with property tax included using the state's effective rate of 0.48%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Colorado: the numbers
Compared with the 0.92% national average, Colorado's effective property tax rate of 0.48% is well below the mark (48% lower). By rate, Colorado shares 45th place with Arizona and South Carolina when the 50 states are ranked from highest rate to lowest.
The median home value in Colorado is $539,400, and the median annual property tax bill is $2,602. Spread over twelve months, that is about $217 a month in property tax for a median-priced home.
| Effective property tax rate | 0.48% |
|---|---|
| Median home value | $539,400 |
| Median annual property tax | $2,602 |
| Rank by rate (1 = highest of 50) | 45 (tied with Arizona and South Carolina) |
| Difference vs 0.92% national average | 0.44 points below (48% below) |
What this means for your monthly payment
Two worked examples for Colorado, using the figures above:
Example 1: the median home
$2,602 per year ÷ 12 = about $217 per month in property tax (median home value: $539,400).
Example 2: a $300,000 home
$300,000 × 0.48% ÷ 12 = about $120 per month, or $1,440 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Colorado it is about $1,440, which is $1,320 less per year (about $110 less per month).
Compare with similar states
States ranked just above and just below Colorado by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
- West Virginia — 0.53% (rank 40)
- Utah — 0.52% (rank 41)
- Delaware — 0.50% (rank 42)
- Tennessee — 0.50% (rank 42)
- Idaho — 0.49% (rank 44)
Ranked just below (lower rate)
- Arizona — 0.48% (rank 45)
- South Carolina — 0.48% (rank 45)
- Nevada — 0.47% (rank 48)
- Alabama — 0.38% (rank 49)
- Hawaii — 0.27% (rank 50)
Colorado property tax FAQ
What is the property tax rate in Colorado?
The effective property tax rate in Colorado is 0.48%. That is 48% below the 0.92% national average, and the state shares 45th place with Arizona and South Carolina when the 50 states are ranked from highest rate to lowest.
How much is property tax on a $300,000 home in Colorado?
At Colorado's effective rate of 0.48%, property tax on a $300,000 home works out to about $1,440 per year, or about $120 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Colorado is about $1,320 less per year.
How much is property tax on the median home in Colorado?
The median home value in Colorado is $539,400, and the median annual property tax is $2,602, which is about $217 per month.
Does the property tax rate vary inside Colorado?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 0.48% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.