Colorado Springs, Colorado Property Taxes
The median property tax rate in Colorado Springs, CO is 0.41%, significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $315,024, the typical annual property tax bill in Colorado Springs is $1,334, which is well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Colorado Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Colorado Springs or another part of El Paso County, grasping the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Colorado Springs, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$1,292
Ownwell’s Colorado Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Colorado Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Colorado Springs to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by El Paso County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Colorado Springs, Colorado
Property taxes in Colorado Springs, CO, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Colorado Springs is 0.41%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Colorado Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colorado Springs estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Colorado Springs' effective property tax rate to other areas in El Paso County and the national median. For comparison, the 80925 zip code has the highest median property tax rate of 0.96%, while the 80923 zip code has the lowest median tax rate of 0.42%. Understanding how these areas compare with Colorado Springs provides valuable insights into the varying tax landscape across El Paso County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Colorado Springs Tax Rate
0.41%
Average El Paso County Tax Rate
0.42%
Average Colorado Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colorado Springs, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
| 80132 | N/A | N/A | N/A | N/A | N/A |
| 80133 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| 80808 | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% |
| 80809 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| 80817 | N/A | N/A | N/A | N/A | N/A |
| 80829 | N/A | N/A | N/A | N/A | N/A |
| 80831 | N/A | N/A | N/A | N/A | N/A |
| 80903 | 0.32% | 0.39% | 0.39% | 0.39% | 0.42% |
| 80904 | 0.28% | 0.39% | 0.39% | 0.39% | 0.39% |
| 80905 | 0.35% | 0.37% | 0.39% | 0.47% | 0.73% |
| 80906 | 0.37% | 0.37% | 0.47% | 0.47% | 0.49% |
| 80907 | 0.27% | 0.39% | 0.39% | 0.39% | 0.39% |
| 80908 | 0.43% | 0.46% | 0.53% | 0.68% | 0.78% |
| 80909 | 0.25% | 0.39% | 0.39% | 0.39% | 0.39% |
| 80910 | 0.24% | 0.37% | 0.37% | 0.39% | 0.39% |
| 80911 | 0.32% | 0.48% | 0.52% | 0.52% | 0.61% |
| 80914 | N/A | N/A | N/A | N/A | N/A |
| 80915 | 0.30% | 0.39% | 0.47% | 0.49% | 0.50% |
| 80916 | 0.37% | 0.37% | 0.37% | 0.39% | 0.40% |
| 80917 | 0.27% | 0.39% | 0.39% | 0.39% | 0.39% |
| 80918 | 0.28% | 0.39% | 0.39% | 0.42% | 0.46% |
| 80919 | 0.35% | 0.39% | 0.46% | 0.46% | 0.46% |
| 80920 | 0.37% | 0.46% | 0.49% | 0.49% | 0.49% |
| 80921 | 0.46% | 0.46% | 0.73% | 0.77% | 0.78% |
| 80922 | 0.41% | 0.41% | 0.43% | 0.47% | 0.49% |
| 80923 | 0.39% | 0.41% | 0.42% | 0.49% | 0.66% |
| 80924 | 0.46% | 0.50% | 0.78% | 0.86% | 0.88% |
| 80925 | 0.48% | 0.66% | 0.96% | 1.03% | 1.03% |
| 80926 | 0.30% | 0.34% | 0.35% | 0.36% | 0.46% |
| 80927 | 0.77% | 0.77% | 0.84% | 0.88% | 0.88% |
| 80928 | 0.34% | 0.34% | 0.34% | 0.38% | 0.38% |
| 80929 | 0.27% | 0.27% | 0.37% | 0.47% | 0.47% |
| 80930 | 0.26% | 0.35% | 0.37% | 0.38% | 0.38% |
| 80938 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
| 80939 | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% |
| 80951 | 0.48% | 0.48% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Colorado Springs, Colorado
In Colorado Springs, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the El Paso County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Colorado Springs, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Colorado Springs is $3,409 in the 80939 zip code, while the lowest is $561 in the 80928 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Colorado Springs, Colorado
Source: Ownwell
$9,491
$722,691
$1,435,891
Average Colorado Springs Assessed Value
$315,024
Average El Paso County Assessed Value
$319,355
Average Colorado Assessed Value
$405,540
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Colorado Springs, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | $424,201 | $431,654 | $444,075 | $456,496 | $463,949 |
| 80132 | N/A | N/A | N/A | N/A | N/A |
| 80133 | $398,250 | $398,250 | $398,250 | $398,250 | $398,250 |
| 80808 | $9,491 | $9,491 | $9,491 | $9,491 | $9,491 |
| 80809 | $570,225 | $570,225 | $570,225 | $570,225 | $570,225 |
| 80817 | N/A | N/A | N/A | N/A | N/A |
| 80829 | N/A | N/A | N/A | N/A | N/A |
| 80831 | N/A | N/A | N/A | N/A | N/A |
| 80903 | $146,013 | $214,066 | $287,499 | $361,485 | $473,972 |
| 80904 | $189,687 | $244,218 | $313,038 | $415,586 | $669,385 |
| 80905 | $158,255 | $205,936 | $267,927 | $357,109 | $455,452 |
| 80906 | $182,777 | $244,762 | $365,870 | $572,094 | $795,198 |
| 80907 | $40,227 | $235,460 | $289,159 | $342,700 | $474,872 |
| 80908 | $272,616 | $355,555 | $464,627 | $651,010 | $858,018 |
| 80909 | $212,569 | $246,496 | $276,261 | $311,912 | $384,382 |
| 80910 | $140,673 | $208,159 | $246,291 | $264,889 | $305,261 |
| 80911 | $210,104 | $238,079 | $269,480 | $300,830 | $330,516 |
| 80914 | N/A | N/A | N/A | N/A | N/A |
| 80915 | $79,553 | $238,960 | $273,258 | $308,068 | $388,656 |
| 80916 | $18,734 | $168,444 | $244,773 | $271,279 | $303,500 |
| 80917 | $181,158 | $257,154 | $298,121 | $331,784 | $363,041 |
| 80918 | $243,785 | $285,763 | $319,628 | $375,874 | $488,893 |
| 80919 | $226,332 | $339,056 | $425,310 | $509,012 | $656,387 |
| 80920 | $269,836 | $317,628 | $371,997 | $437,967 | $527,855 |
| 80921 | $305,990 | $401,172 | $489,848 | $599,718 | $722,152 |
| 80922 | $219,815 | $291,985 | $323,256 | $354,096 | $393,739 |
| 80923 | $259,176 | $294,734 | $338,178 | $388,683 | $443,225 |
| 80924 | $77,490 | $369,377 | $470,155 | $521,690 | $569,596 |
| 80925 | $162,340 | $289,765 | $333,000 | $375,650 | $426,000 |
| 80926 | $12,570 | $26,319 | $176,802 | $478,485 | $667,896 |
| 80927 | $111,543 | $320,984 | $371,285 | $431,010 | $489,244 |
| 80928 | $8,249 | $59,188 | $154,606 | $264,218 | $349,688 |
| 80929 | $33,435 | $190,190 | $322,228 | $446,283 | $573,299 |
| 80930 | $9,104 | $33,251 | $228,254 | $331,477 | $443,142 |
| 80938 | $303,000 | $336,375 | $361,000 | $387,000 | $429,885 |
| 80939 | $338,100 | $356,250 | $380,000 | $408,750 | $443,600 |
| 80951 | $243,363 | $270,384 | $310,002 | $332,686 | $350,735 |
Source: Ownwell
Property Tax Bills Across Colorado Springs, Colorado
In Colorado Springs, located in El Paso County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For instance, with a median home price of $315,024, the assessed value is used to determine the tax obligation. Various factors such as property size, location, and improvements can influence this assessed value. Once the assessed value is established, the local tax rate is applied. In Colorado Springs, property tax rates can vary widely. For example, the 25th percentile tax bill is about $993, while the 75th percentile tax bill is approximately $2,088. Homeowners in the 90th percentile might see tax bills as high as $3,140. These variations significantly affect homeowners, as those in zip code 80939 face the highest median tax bill of $3,409, compared to just $561 in zip code 80928. This disparity underscores the importance of understanding local tax rates and assessed values in managing property tax expenses.
Average Colorado Springs Tax Bill
$1,334
Average El Paso County Tax Bill
$1,379
Average Colorado Tax Bill
$2,283
Average United States Tax Bill
$2,690
Property Tax Bills Across Colorado Springs, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80106 | $2,976 | $3,028 | $3,115 | $3,202 | $3,254 |
| 80132 | N/A | N/A | N/A | N/A | N/A |
| 80133 | $1,939 | $1,939 | $1,939 | $1,939 | $1,939 |
| 80808 | $28 | $28 | $28 | $28 | $28 |
| 80809 | $2,810 | $2,810 | $2,810 | $2,810 | $2,810 |
| 80817 | N/A | N/A | N/A | N/A | N/A |
| 80829 | N/A | N/A | N/A | N/A | N/A |
| 80831 | N/A | N/A | N/A | N/A | N/A |
| 80903 | $605 | $822 | $1,098 | $1,419 | $1,970 |
| 80904 | $705 | $892 | $1,162 | $1,581 | $2,684 |
| 80905 | $561 | $763 | $1,046 | $1,628 | $2,445 |
| 80906 | $722 | $1,010 | $1,517 | $2,631 | $3,745 |
| 80907 | $166 | $815 | $1,072 | $1,288 | $1,752 |
| 80908 | $1,590 | $2,132 | $2,636 | $3,366 | $4,413 |
| 80909 | $659 | $853 | $1,029 | $1,176 | $1,412 |
| 80910 | $482 | $700 | $911 | $1,000 | $1,135 |
| 80911 | $859 | $1,111 | $1,296 | $1,504 | $1,885 |
| 80914 | N/A | N/A | N/A | N/A | N/A |
| 80915 | $348 | $849 | $1,147 | $1,375 | $2,083 |
| 80916 | $105 | $590 | $900 | $1,010 | $1,136 |
| 80917 | $685 | $835 | $1,094 | $1,255 | $1,382 |
| 80918 | $782 | $1,050 | $1,239 | $1,503 | $1,898 |
| 80919 | $977 | $1,297 | $1,748 | $2,249 | $2,902 |
| 80920 | $1,224 | $1,472 | $1,766 | $2,059 | $2,414 |
| 80921 | $1,801 | $2,284 | $3,063 | $4,104 | $5,110 |
| 80922 | $934 | $1,200 | $1,375 | $1,532 | $1,734 |
| 80923 | $1,063 | $1,213 | $1,420 | $1,921 | $2,640 |
| 80924 | $1,912 | $2,407 | $2,991 | $3,834 | $4,403 |
| 80925 | $1,414 | $1,929 | $2,957 | $3,591 | $4,116 |
| 80926 | $46 | $94 | $610 | $1,860 | $2,753 |
| 80927 | $2,297 | $2,605 | $3,109 | $3,548 | $4,020 |
| 80928 | $44 | $209 | $561 | $954 | $1,243 |
| 80929 | $156 | $698 | $1,179 | $1,661 | $2,127 |
| 80930 | $31 | $134 | $821 | $1,213 | $1,602 |
| 80938 | $2,093 | $2,311 | $2,473 | $2,652 | $2,942 |
| 80939 | $3,000 | $3,209 | $3,409 | $3,688 | $3,962 |
| 80951 | $1,335 | $1,543 | $1,903 | $2,179 | $2,325 |
Source: Ownwell