Hello my wonderful friends! Leave a comment! Send me an email! I love you so much! E: 'cmadaras@livsothebysrealty.com' C: 203-505-3356 www.sothebysrealty.com/eng/associate/180-a-df2211071727108681/christopher-madaras - Free Boulder Neighborhood Guide: drive.google.com/file/d/15pG9eBige7dkxvFhl5dNRIjp9uInRVxr/view?usp=sharing Boulder, Colorado Global Real Estate Advisor
Great question! The tax calculation is a bit complex, though a good rule of thumb is that taxes on resale property, both condos/townhomes and single-family will roughly be about .5% per year of the market value. So, a $1,000,000 property will generally have annual taxes around $5,000/Yr. $500k will be about $2,500. $3M will be about $15,000. A big exception is new construction, which tends to be around 1%. Here is a good resource: buildingabettercolorado.org/understanding-the-property-tax/
Hello my wonderful friends! Leave a comment! Send me an email! I love you so much!
E: 'cmadaras@livsothebysrealty.com'
C: 203-505-3356
www.sothebysrealty.com/eng/associate/180-a-df2211071727108681/christopher-madaras
- Free Boulder Neighborhood Guide: drive.google.com/file/d/15pG9eBige7dkxvFhl5dNRIjp9uInRVxr/view?usp=sharing
Boulder, Colorado
Global Real Estate Advisor
Can you talk about property taxes? As an example, what would the annual taxes be for a $1M house? Thx.
Great question! The tax calculation is a bit complex, though a good rule of thumb is that taxes on resale property, both condos/townhomes and single-family will roughly be about .5% per year of the market value. So, a $1,000,000 property will generally have annual taxes around $5,000/Yr. $500k will be about $2,500. $3M will be about $15,000.
A big exception is new construction, which tends to be around 1%.
Here is a good resource: buildingabettercolorado.org/understanding-the-property-tax/