Real Estate Tax & HOA Fees in Lowry, CO: What to Expect

When purchasing a home in Lowry, it’s essential to understand real estate taxes and homeowners association (HOA) fees and how they impact your overall cost of homeownership. With Lowry’s mix of single-family homes, condos, and townhomes, these costs can vary based on property type and location. At Corken + Company, we guide our clients through these expenses to ensure a smooth and informed home-buying experience. Here’s what you need to know about real estate taxes and HOA fees in Lowry, CO.

1. Understanding Real Estate Taxes in Lowry, CO

✔ Property tax rates are set by the City & County of Denver
✔ Rates are based on assessed property value and mill levies
✔ The average effective property tax rate in Denver County is approximately 0.49%

📊 Corken + Company Tip: Your property taxes are reassessed every two years—knowing when reassessments occur can help you plan for future costs.

2. How Property Taxes Are Calculated

✔ Formula: (Assessed Value × Assessment Rate) × Mill Levy
✔ The assessment rate for residential properties in Colorado is around 6.95%
✔ Mill levies vary by district and fund local services like schools, police, and infrastructure

📈 Corken + Company Tip: Lowry's property taxes remain relatively low compared to national averages, making it an attractive place for homebuyers.

3. What to Know About HOA Fees in Lowry

✔ HOAs cover community maintenance, landscaping, and amenities
✔ Fees can range from $100 to $500 per month, depending on the community
✔ Some HOAs include perks like pools, fitness centers, and snow removal

🏡 Corken + Company Tip: Understanding HOA fees upfront helps buyers make informed financial decisions when choosing a home.

4. Common HOA Costs & What They Cover

✔ Community upkeep: Landscaping, snow removal, and exterior maintenance
✔ Amenities: Pools, clubhouses, fitness centers, and security services
✔ Reserve funds: Contributions toward future repairs and infrastructure projects

💰 Corken + Company Tip: HOA fees vary by property type—luxury condos tend to have higher fees due to premium amenities.

5. How to Factor Taxes & HOA Fees into Your Home Purchase

✔ Estimate your total monthly homeownership costs, including mortgage, taxes, and HOA fees
✔ Review HOA rules to ensure they align with your lifestyle preferences
✔ Consider resale value—well-managed HOA communities often retain higher property values

⚖️ Corken + Company Tip: Working with a real estate expert ensures you understand all costs before making a purchase.

Why Homebuyers Trust Corken + Company

✔ We help clients navigate real estate taxes and HOA fees with clarity
✔ Expert guidance on choosing properties with fair HOA costs
✔ Local market knowledge to help buyers make financially smart decisions

🏡 Thinking about buying a home in Lowry, CO? Let Corken + Company guide you through the financial aspects of homeownership so you can buy with confidence!

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