Colorado vs Delaware
Property Tax Comparison: Colorado vs. Delaware
Intro
Both Colorado and Delaware levy property taxes that fund local services such as schools, public safety, and infrastructure. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Colorado’s effective property tax rate is slightly lower than Delaware’s, resulting in modest differences in annual tax liabilities for comparable home values.
Side‑by‑Side Metrics
| Metric | Colorado | Delaware |
|---|---|---|
| Effective property tax rate | 0.49% | 0.53% |
| Median home value | $502,200 | $326,800 |
| Median annual property tax | $2,448 | $1,731 |
| Tax on a $250,000 home | $1,219 | $1,324 |
| Tax on a $500,000 home | $2,438 | $2,649 |
| Median household income | $92,470 | $82,855 |
| Internal link | Colorado property tax | Delaware property tax |
All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which State “Wins” on Property Tax
Winner (lower tax rate): Colorado
- Effective rate: 0.49% vs. Delaware’s 0.53% (a 0.04‑percentage‑point difference).
- Relative difference: Colorado’s rate is about 7.97 % lower than Delaware’s.
- Annual tax impact: For a $250,000 home, Colorado owners pay $1,219 versus $1,324 in Delaware—a $105 difference. For a $500,000 home, the gap widens to $211 ($2,438 vs. $2,649).
Based on the lower effective property tax rate, Colorado imposes a smaller proportion of a home’s value in annual taxes than Delaware.
Who May Benefit Most from This Comparison
| Audience | Relevance of the Comparison |
|---|---|
| Current homeowners | Those evaluating a move or refinance can compare the ongoing tax cost of owning a home at different price points. |
| Prospective homebuyers | Buyers of median‑priced homes (≈$250k–$500k) will see the absolute dollar differences highlighted above. |
| Retirees | Since property tax is a recurring expense, retirees on fixed incomes may prefer the lower rate in Colorado, though other cost‑of‑living factors also matter. |
| Investors | Investors focusing on cash‑flow and holding‑cost calculations can incorporate the effective rate difference into their financial models. |
| Policy analysts | The side‑by‑side data provide a concise reference for comparing state‑level property tax burdens. |
The comparison is factual and does not account for other tax categories (e.g., income or sales tax), local assessment practices, or exemptions that may affect individual taxpayers.
Summary
According to U.S. Census Bureau data, Colorado’s effective property tax rate of 0.49 % is lower than Delaware’s 0.53 %, making Colorado the lower‑tax option for property owners when the metric is limited to the rate itself. The resulting annual tax differences are modest—$105 on a $250k home and $211 on a $500k home—but can be significant for long‑term budgeting, especially for households with tighter cash flows. Users seeking a direct, data‑driven view of property tax obligations in these two states can reference the table and the internal links provided.
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Data Source
All figures are drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates). This comprehensive dataset provides reliable, standardized property tax information across all states.