Real Estate Tax & HOA Fees in The Highlands, CO: What to Expect
Understanding real estate taxes and homeowners association (HOA) fees is essential when purchasing a home in The Highlands, CO. Property taxes contribute to local schools, infrastructure, and public services, while HOA fees cover community amenities, maintenance, and security in certain neighborhoods. At Corken + Company, we help buyers navigate these costs to ensure they make informed real estate decisions. Here’s a breakdown of real estate taxes and HOA fees in The Highlands, CO.
1. Property Taxes in The Highlands, CO
✔ Average Property Tax Rate: The Highlands falls under Denver County’s property tax rate, which averages around 0.55% to 0.60% of assessed home value.
✔ Annual Property Tax Cost: For a home valued at $750,000, property taxes typically range between $4,125 and $4,500 per year.
✔ Tax Assessments: Property values are reassessed every two years, which can impact your tax bill.
📊 Corken + Company Tip: Knowing your property tax rate helps budget for long-term homeownership costs.
2. How Property Taxes Are Used
✔ Education Funding: A portion of property taxes supports Denver Public Schools and local education initiatives.
✔ Infrastructure & Public Services: Taxes help fund roads, parks, public transportation, and emergency services.
✔ Community Enhancements: Local projects, including beautification efforts and sustainability initiatives, are partially funded by property taxes.
🏡 Corken + Company Tip: Investing in The Highlands means contributing to a well-maintained and growing community.
3. HOA Fees in The Highlands
✔ Range of HOA Costs: HOA fees vary widely, from $100 per month for basic maintenance to over $500 per month in luxury townhome communities.
✔ What HOA Fees Cover: Many HOAs provide services like landscaping, snow removal, community amenities, and security.
✔ Luxury HOA Communities: Higher-end properties and condo buildings may include pools, fitness centers, and concierge services in their HOA fees.
💰 Corken + Company Tip: Reviewing HOA bylaws before purchasing a home ensures you understand what’s included in your fees.
4. Are There No-HOA Options?
✔ Historic Homes & Older Neighborhoods: Many single-family homes in The Highlands have no HOA, offering more freedom for homeowners.
✔ Townhomes & Condos Typically Have HOAs: Attached housing often comes with mandatory HOA dues for shared services and amenities.
✔ HOA-Free Living Benefits: Homeowners without HOAs avoid extra fees and have more control over property modifications.
🔑 Corken + Company Tip: If you prefer no HOA fees, we can help you find homes that offer independence without added monthly costs.
5. Understanding Special Taxing Districts
✔ Metro Districts & Special Assessments: Some newer developments fall under special taxing districts that fund community infrastructure.
✔ Additional Levies: Certain areas may have extra mill levies for schools, parks, or public transit improvements.
✔ HOA + Special Taxes: Some homes may have both an HOA fee and an additional metro district tax, so it's important to review your costs upfront.
🏠 Corken + Company Tip: We help buyers review total costs—including property taxes, metro districts, and HOA fees—to find the best investment.
Why It’s Important to Factor in Taxes & HOA Fees
✔ Understanding all costs helps budget for homeownership
✔ Knowing HOA fees ensures you get the right amenities for your lifestyle
✔ Property taxes contribute to a well-maintained and growing neighborhood
✔ Corken + Company can help you find homes that fit your budget and financial goals
🏡 Looking for a home in The Highlands with the right tax and HOA structure? Let Corken + Company guide you through the process and ensure you're making a sound investment!
📞 Call us today at 303-858-8003
🌐 Visit our website at www.corken.co
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