Colorado vs Idaho
Colorado vs Idaho Property Tax Comparison
According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states have similar median home values but differ slightly in effective property tax rates and resulting tax payments. The table below presents the key metrics side‑by‑side.
Side‑by‑side comparison
| Metric | Colorado | Idaho |
|---|---|---|
| Effective property tax rate | 0.49 % | 0.53 % |
| Median home value | $502,200 | $376,000 |
| Median annual property tax | $2,448 | $2,006 |
| Property tax on a $250,000 home | $1,219 | $1,334 |
| Property tax on a $500,000 home | $2,438 | $2,667 |
| Median household income | $92,470 | $74,636 |
| Colorado property tax | ||
| Idaho property tax |
Which state has the lower tax burden?
- Winner (lower effective tax rate): Colorado – 0.49 % vs. Idaho’s 0.53 %.
- Absolute tax‑rate difference: 0.04 percentage points (reported as 0.05 % in the source), which represents an 8.62 % relative difference in favor of Colorado.
- Annual tax difference on a $250,000 home: $115 lower in Colorado ($1,219 vs. $1,334).
- Annual tax difference on a $500,000 home: $229 lower in Colorado ($2,438 vs. $2,667).
The lower effective rate in Colorado translates into smaller yearly property‑tax payments for homes at the same assessed value, even though Colorado’s median home price is higher than Idaho’s.
Who might find this comparison most useful?
| Audience | Why the data matters |
|---|---|
| Prospective homebuyers | Understanding how the tax rate affects overall cost of ownership helps compare affordability across states. |
| Current homeowners | Homeowners considering relocation can estimate the change in annual property‑tax expense. |
| Retirees | Property taxes are a fixed expense; a lower rate may reduce the tax burden on a fixed income. |
| Real‑estate investors | Tax rates influence cash‑flow calculations for rental or investment properties. |
| Policy analysts | The figures provide a baseline for evaluating state‑level tax policies and fiscal capacity. |
All observations are derived directly from the most recent ACS estimates and are presented without editorial commentary.
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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.