Watkins, Adams County, Colorado Property Taxes
Property Taxes in Watkins, Colorado
Median Watkins, Colorado effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, and lower than the Colorado state median of 0.50%.
Median Watkins, Colorado home value: $597,500
Median annual Watkins, Colorado tax bill: $2,697, $297 higher than the national median property tax bill of $2,400.
How are property taxes in Adams calculated?
Property taxes in Watkins, Colorado are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Watkins's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Watkins, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Watkins, Adams County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$2,868
$2,661
How Does the Watkins Property Tax Calculator Work?
Use this Watkins property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Watkins's median effective tax rate of 0.48% — based on actual property records in Adams County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Watkins's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Watkins: rates range from 0.48% in 80137 to 0.48% in 80137, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Watkins.
About Watkins Property Taxes
About Property Taxes in Watkins, Adams, Colorado
Watkins's median effective property tax rate of 0.48% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the Adams County base levy combined with local school district levies and metro districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Watkins. Homeowners in the 80137 ZIP code carry a median effective rate of 0.48%, while those in the same ZIP code also pay 0.48%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Adams County. Understanding which part of Watkins you live in can make a meaningful difference to your annual tax bill.
Watkins homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Watkins, Adams County, Colorado
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Watkins's effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Watkins Tax Rate
0.48%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Adams County Tax Rate
0.66%
Median Effective Colorado Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Watkins, Adams County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80137 | 0.39% | 0.42% | 0.48% | 0.52% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Watkins, Adams County, Colorado
When examining property taxes in Watkins, Colorado, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. Adams County estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices in Adams County are sent in May each year. They typically reach your mailbox by the middle of the month.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. For Watkins homeowners, the median home price is $597,500, while the median tax bill is $2,697. The county’s tax bills range from $895 at the 25th percentile to $3,832 at the 90th percentile, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Watkins, Adams County, Colorado
Source: Ownwell
$16,400
$674,200
$1,332,000
Median Watkins Market Value
$597,500
Median Adams County Market Value
$464,000
Median Colorado Market Value
$519,879
Median United States Market Value
$235,294
Property Tax Assessment Values Across Watkins, Adams County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80137 | $20,407 | $120,408 | $597,500 | $701,500 | $791,206 |
Source: Ownwell
Property Tax Bills Across Watkins, Adams County, Colorado
Property tax bills in Watkins are based on a home’s assessed value, which is then multiplied by the local tax rate to determine what a homeowner owes. Because assessed value is tied to market conditions, a higher-value home generally leads to a larger bill. Local taxing authorities also influence the final amount, so two homes with similar market values can still face different taxes depending on exemptions, levies, and district rates.
For Watkins homeowners, the median home price is $597,500, and the typical tax burden can vary widely. The 25th percentile tax bill is $895, while the 75th percentile reaches $3,278 and the 90th percentile is $3,832. That spread shows how much property taxes can affect monthly housing costs and long-term affordability. When assessments rise, tax bills often follow, making it important for homeowners to understand how their property is valued and how local rates are applied.
Median Watkins Tax Bill
$2,697
Median Adams County Tax Bill
$3,172
Median Colorado Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Watkins, Adams County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80137 | $75 | $895 | $2,697 | $3,278 | $3,832 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 8 |
Links | |
|---|---|
| Adams Tax Assessor | |
| Website | gisapp.adcogov.org |