What You’ll Pay in Property Taxes in Broomfield
In Broomfield and similar suburban cities in Colorado, property tax rates typically range from 0.6%–1.2% annually. The average effective property tax rate in Broomfield is around 0.8%. This means for a home valued at $400,000, the owner would pay approximately $3,200 per year, or $267 per month, in property taxes.
While property tax rates in Colorado tend to be lower than the national average, it’s important for homeowners to factor this ongoing expense into their budgets. Property taxes fund essential services like schools, roads, and public safety, so the rates can vary based on local funding needs and home values.
How HOA Fees Work in Broomfield
Many neighborhoods in Broomfield have Homeowners Associations (HOAs) that collect monthly fees to maintain shared spaces and amenities. These fees are in addition to property taxes and mortgage payments. HOA fees often cover:
- Landscaping and snow removal
- Trash and recycling services
- Community pools, parks, and clubhouses
- Exterior maintenance of condos/townhomes
- Neighborhood security and gate access
In Broomfield, HOAs may also include irrigation or xeriscaping services to keep lawns green while conserving water in Colorado’s semi-arid climate. The specific amenities and services covered will depend on the neighborhood and property type.
Typical Monthly HOA Costs
HOA fees in Broomfield typically range from $70–$200 per month for single-family homes, with condos and townhomes often on the higher end. Luxury developments with extensive amenities like golf courses or tennis courts can have fees of $300+ monthly. Here’s a comparison:
| Neighborhood Type | Typical Monthly HOA Fee |
|---|---|
| Older/low-amenity neighborhood | $70 |
| Average suburban development | $150 |
| Luxury or amenity-heavy community | $300+ |
| Example Monthly Cost: $295k home with 0.8% property tax + $150 HOA |
≈ $345/month |
🏆 Winner: For the most cost-effective setup, look for neighborhoods with lower monthly HOA fees that still provide key services like trash and landscaping. Older communities without major amenities can be a smart choice.
Hidden or Seasonal Fees to Expect
In addition to monthly HOA dues, Broomfield homeowners may encounter other fees throughout the year, such as:
- Special assessments for unexpected repairs or upgrades
- Pet registration fees
- Parking permit costs
- Bulk trash or appliance removal surcharges
- Higher water bills for irrigation in summer months
Some neighborhoods may also charge move-in fees, clubhouse rental fees, or late payment penalties. Read the HOA’s Covenants, Conditions, and Restrictions (CC&Rs) carefully to understand all potential costs.
Are These Costs Worth It?
While no one loves paying taxes and fees, Broomfield residents do benefit from well-maintained neighborhoods, shared amenities, and convenient services. HOAs help protect property values by enforcing standards and keeping communities looking tidy.
However, HOA living isn’t for everyone. Homeowners may chafe at the restrictions on landscaping, exterior paint colors, parking, and pet ownership. Disagreements with the HOA board can lead to headaches. But in Broomfield, HOA neighborhoods often retain higher resale value than similar homes without an HOA.
Ultimately, it’s up to each homeowner to weigh the housing costs in Broomfield by type and decide if the benefits of an HOA justify the added expense. Factor in your lifestyle, preferences, and long-term financial goals.
FAQs About Property Tax and HOA in Broomfield
How much is the average HOA in Broomfield?
Typical HOA fees in Broomfield range from $70–$200 per month, with most single-family homes around $150 monthly. Luxury communities can charge $300+ per month.
Can your HOA fees increase?
Yes, HOA fees can increase over time to keep up with inflation, rising vendor costs, and new projects. However, increases typically require a vote by the HOA board and member approval.
Do you pay both property tax and HOA?
Yes, property taxes and HOA fees are separate expenses. Property taxes fund public services and schools, while HOA fees pay for neighborhood amenities and upkeep. Both are typically paid monthly or quarterly.
Final Cost Insights for Broomfield Homeowners
Between property taxes and HOA fees, Broomfield homeowners can expect to pay an additional 1.2%–1.8% of their home’s value each year. For a $350,000 house, that could mean $350–$525 per month on top of the mortgage payment.
While these costs can add up, many residents find that the tradeoffs—like well-kept neighborhoods, shared amenities, and strong resale values—are worth the investment. The key is to plan ahead, shop around, and choose a home with a tax and HOA structure that fits your budget and lifestyle.
Of course, hidden fees can pop up when living in Broomfield or any city. But with some research and realistic expectations, you can find the right balance of affordable homeownership and a neighborhood you love. Explore cost breakdowns for nearby cities to see how Broomfield stacks up.