At 154 square miles, the city reaches into Arapahoe, Adams and Douglas counties. Aurora’s strategic comprehensive plan emphasizes the formation of livable, full-service neighborhoods.
Just minutes away from Denver International Airport, Aurora is home to a vibrant business environment, including major industries such as aerospace and defense, renewable energy, bioscience and health care, and transportation and logistics. Businesses large and small are welcomed and nurtured through such programs as the Aurora Advantage 4 Business and the Aurora-South Metro Small Business Development Center.
Aurora has five golf courses, two reservoirs, more than 97 parks, and over 5,000 acres of open space and trails. Situated at the foot of the Rocky Mountains, Aurora is a gateway to all Colorado has to offer.
Metropolitan housing information
Aurora has over 130,000 housing units, with 51% being single family detached homes. Compared with the metro area, the state, and the country, Aurora has a larger percentage of single family attached homes and small multifamily buildings. The whole metro area has a lower percentage of duplex homes when compared to the state and to the country. Aurora has lower percentage of multifamily buildings with 50 or more units than the metro area.
Property tax calculator
To calculate Aurora property tax, the county considers the classification of the property (business, residential, etc.), the actual value of the property, the current assessment rate, the assessed value and finally the property tax rate.
Annually, a home’s value is reassessed based on homes that have sold in the area — as a result, rising home values have a direct impact on the property tax bill, and as Colorado has one of the fastest growing real estate markets in the country it’s also important to consider the long term effect rising values may have on property tax obligations.
The value of a property is then multiplied by the residential assessment rate, which, as of 2016, is .0796. The product is considered the “assessed value” of a home, and a property tax rate is applied to that number.
For example, if your home is valued at $275,000, it receives the residential assessment rate of .0796 which results in an assessed value of $21,890. This number is subjected to the (sample) property tax rate of .075, and that results in a tax bill of $1,653. The process is the same regardless of where you live, but the rates used vary based on your county of residence.