Property Taxes
Frequently Asked Questions
Table of Contents
Property taxes are due on January 1 of each year but you have until the following deadlines to pay without interest:
|
First Half |
February 28 |
|
Second Half |
June 15 |
|
In Full |
April 30 |
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When should I receive my property tax notice?
Property tax notices are mailed as soon as possible after the first of each year. If you do not receive your notice by the end of January, contact the Central Records Office.
Where do I pay my property taxes?
If your property lies within the boundaries of the City and County of Broomfield, you will pay your property taxes to the City and County of Broomfield at the Central Records Office, One DesCombes Drive, Broomfield, CO 80020. If you are not sure if your property is in Broomfield, call the Central Records Office, or check our parcel search.
What should I do if don't receive a property tax notice?
You owe tax on your property whether you get a tax notice or not. If you are not sure if you owe tax, please check with the Central Records Office.
State law requires that the notice be mailed to the property owner. Most mortgage companies get their tax information from a private tax service or directly from the county. If you feel your mortgage company needs a copy of the tax notice, you may mail them a copy with your next payment.
Will Broomfield send second half notices?
In order to conserve tax dollars, Broomfield will not be sending second half notices. You should mark the June 15th deadline on your calendar.
What do my property taxes pay for?
Property taxes help pay for local government services, such as the following:
- Public Schools
- Police, Sheriff, and Fire Protection
- City and County Roads
- Water and Sewer lines
- Public Libraries
- Recreation and Parks
- Public Health
- Human Services
I can't afford to pay my property taxes on time. What should I do?
Property taxes on real estate paid after the due dates accrue interest at the rate of 12% per annum up to the tax lien auction. Delinquencies are normally advertised during the month of October and the tax lien sale is held in early November.
If at all possible, you should try to pay the tax by the end of September in order to avoid the advertising charges or at least before the tax lien sale. If you simply cannot pay before the tax lien sale, take heart. There is a three year redemption period during which time you can pay the delinquency plus accrued interest and fees. Remember, however, that the next year's taxes will be coming due the first of the year.
Make every effort to keep from falling behind on the payment of your property taxes because you could ultimately lose your property. If you have more questions, contact the Central Records Office.
How are my property taxes calculated?
Property taxes are the result of multiplying the assessed value times the mill levy for the taxing area. The assessed value is a percentage of the actual value of your property. (For more information concerning valuation for taxation, refer to the Assessor's page.) The mill levy for the taxing area is the combination of the separate mill levies for each taxing authority that contains your property within their established boundaries.
| Example: | Assessed Value | 31,550 | ||
| Mill Levy Total | x | .099512 | (usually expressed as 99.512) | |
| Property Tax | $ 3,139.60 |
Who sets the value for my property?
The actual values are determined by the Assessor and the assessed values are derived from the actual values using formulas set by the State of Colorado.
What is a Mill Levy and how is it figured?
The mill levy is the tax rate used to calculate the tax bills of individual properties within a taxing area (or district). Each taxing authority determines how much revenue they need from property taxes and divides that by the total assessed value of the properties within their boundaries, as supplied by the Assessor. The resulting tax rate is multiplied by 1000 to come up with the mill levy.
| Example: | Property Tax Revenue Needed | $ 2,500,000.00 | |
| / | Total Assessed Value | $ 31,350,000.00 | |
| = | Tax Rate | 0.079745 | |
| x | 1000 | 1000 | |
| = | Mill Levy | 79.745 |
What can I do to lower my property taxes?
Taxing authorities, including schools and fire protection districts, levy property taxes in an amount necessary to meet budget needs for the following year. If you want to have a voice in the amount of taxes you will be asked to pay, you may want to attend public budget hearings and get involved in the process.
Are property taxes paid in arrears?
Property taxes are not paid for services rendered in a prior year. While property taxes are indeed paid on a prior year's valuation, the purpose of property taxes is to fund the following year's operations. Thus, property taxes for the tax year 2004 are to fund the budgets of the cities, counties, school districts, etc., for the year 2005.