Why Two Similar Homes Can Have Different Tax Bills Street by Street
In Denver, property taxes aren’t uniform across neighborhoods — or even the same block. Property taxes can vary street by street in Denver. That is because taxes are based on several factors. Taxes in Denver depend on Assessment Value, Mill levies, Special districts, and voter-approved measures. That’s why sometimes small geographic differences can create noticeable tax swings.
Understanding Mill Levies 💰
Mill levies are set up to fund many key elements of the infrastructure. These include Schools 🎓, Fire departments, libraries and other infrastructure requirements. Crossing into a different district can change your tax rate instantly.
Special Districts Matter
Metro districts, improvement districts, and service districts can increase annual taxes but they also fund roads, parks, or utilities. It is also important to note that they may be temporary or long-term, so do your homework to completely understand your district.
Why This Matters for Buyers
While most buyers plan for mortgage payments, they also need to consider that special tax districts can affect monthly escrow payments, long-term affordability, and investment returns. Always evaluate projected taxes – no just the seller’s last bill.
Final Thoughts
Property taxes are hyper-local. Understanding them upfront avoids surprises later.
👉 The Living Colorado Team can help you compare tax impacts by neighborhood before you buy.