Scot Kersgaard
100 Jefferson County Parkway, Golden, Colorado 80419-2500
Phone: 303.271.8600 Fax: 303.271.8616
Jefferson County Residential and Commercial Values Up 10% Since 2019
Jefferson County Assessor Scot Kersgaard has announced that for the current reappraisal year, median single family
residential values in Jefferson County are up 10%.
State law requires every county in Colorado to revalue property every two years, with values set at what properties
were worth on the last day of June every even numbered year. This reappraisal year, Jefferson County revalued
207,016 parcels in the county. Those values will be in effect for tax year 2021 (payable in 2022) and tax year 2022
(payable in 2023).
Property taxes are calculated as the value x the assessment rate x the mill rate. The Assessor’s Office sets the value
only. The Legislature, acting on the recommendation of the Division of Property Taxation, sets the assessment rate,
and local taxing entities (the county, school districts, fire districts, cities, special districts) set the mill rates. As of
2020, the residential assessment rate is locked at 7.15%. The median home value in Jefferson County is $443,641.
Assessed at 7.15%, the assessed value would be $31,720. At 100 mills, taxes would be $3,172. Your mills may be
higher or lower depending on where you live and who you pay taxes to.
The new values will also be posted on the county’s website.
“Few people will see the value of their property rise exactly 10%,” Kersgaard said. “Every area and every type of
property has its own sales trends. Many people will see their value up 15% or more, while many others will see
increases closer to 6 or 8%,” Kersgaard said.
Median value change by city for single family homes:
Arvada 9%
Edgewater 8%
Evergreen 9%
Golden 13%
Lakewood 11%
Morrison 18%
Mountain View 4%
South Metro 12%
Unincorporated 11%
Westminster 8%
Wheat Ridge 10%
Single family detached homes, on average, are up 11%; condominiums are up 12% and townhomes are up 4%
percent.
For the current reappraisal year, median commercial values are also up 10%.
Median value change by city for commercial properties:
Arvada 12%
Edgewater 15%
Evergreen 20%
Golden 15%
Lakeside 6%
Lakewood 10%
Morrison 11%
Mountain View 11%
South Metro 11%
Unincorporated 6%
Westminster 10%
Wheat Ridge 10%
The median total change for low rise apartments is 15%; general retail is up 16%; and industrial/condos are up 37%.
At the same time, the median total change for general restaurants is -16%; hotels are down between 19% and 32%,
depending on the type of hotel; and car washes are down 23%.
