Real Estate Tax & HOA Fees in LoDo, Denver: What to Expect

When purchasing property in LoDo (Lower Downtown) Denver, it’s essential to factor in real estate taxes and homeowners association (HOA) fees. These costs can vary depending on property type, location, and amenities, affecting the total cost of ownership. At Corken + Company, we help buyers and investors navigate these expenses to make informed financial decisions. Here’s everything you need to know about real estate tax rates and HOA fees in LoDo.

1. Real Estate Property Taxes in LoDo, Denver

✔ Denver’s Property Tax Rate: Approximately 0.49% of assessed home value, one of the lowest in the U.S.
✔ How Property Taxes Are Calculated: Taxes are based on the assessed property value multiplied by the local mill levy.
✔ Annual Tax Payment: Property owners receive their tax bill from the Denver County Assessor’s Office each year.

💰 Corken + Company Tip: While LoDo has higher home values, Denver’s low property tax rate keeps annual costs manageable.

2. HOA Fees in LoDo: What to Expect

✔ Condo & High-Rise Buildings: HOA fees typically range from $300 to $1,000+ per month, depending on amenities.
✔ Luxury Buildings: Fees may be higher for concierge services, security, rooftop pools, and fitness centers.
✔ Loft & Townhome Communities: HOA fees vary but may include maintenance, landscaping, and shared utilities.

🏢 Corken + Company Tip: We help buyers evaluate HOA fees and services to ensure they align with their budget and lifestyle.

3. What Do HOA Fees Cover?

✔ Building Maintenance & Repairs: Exterior upkeep, common areas, and major structural maintenance.
✔ Utilities & Services: Water, sewer, trash removal, and sometimes cable/internet.
✔ Amenities & Security: Pools, fitness centers, lobby staff, and gated entry.

🏡 Corken + Company Tip: Understanding what’s included in HOA fees helps buyers determine if a property is a good value.

4. How to Budget for Property Taxes & HOA Fees

✔ Plan for Annual Increases: Property values and HOA fees can rise over time.
✔ Understand Special Assessments: Some HOAs charge extra fees for unexpected repairs or upgrades.
✔ Factor Fees into Loan Approval: Lenders consider HOA fees in mortgage qualifications.

📊 Corken + Company Tip: We assist buyers in calculating total ownership costs to avoid surprises.

Why Understanding These Costs is Important

✔ Helps buyers budget effectively for ongoing expenses
✔ Ensures transparency when comparing properties
✔ Affects investment potential and long-term affordability
✔ Corken + Company helps homebuyers and investors make informed decisions

🏡 Looking to buy a home in LoDo? Let Corken + Company help you navigate property taxes and HOA fees to find the best fit for your budget!

📞 Call us today at 303-858-8003
🌐 Visit our website at www.corken.co
🏡 Real Estate Solutions Without Limits