El Paso County, Colorado Property Taxes

Name: Property Tax Bills Across El Paso County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median El Paso County effective property tax rate: 0.42%, significantly lower than the national median of 1.02%.
Median El Paso County home value: $319,355
Median annual El Paso County tax bill: $1,379, $1,021 lower than the national median property tax bill of $2,400.

How are property taxes in El Paso County calculated?

Property taxes in El Paso County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Colorado Springs or another part of El Paso County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

El Paso County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.42%

Estimate Property Tax Bill

$1,341

$1,245

Ownwell’s El Paso County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in El Paso County with just two data points. By entering your property's estimated assessed value, our calculator applies El Paso County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in El Paso County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across El Paso County, Colorado

Local government entities set tax rates, which can vary widely within a state. This variation is because each county estimates its required budget annually to provide essential 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, this is the annual process in a nutshell.

In El Paso County, the effective property tax rate is significantly lower than the national median property tax rate of 1.02%. This makes it an attractive option for property owners looking to save on taxes. Within the county, the highest median tax rate is found in Falcon, while Colorado Springs boasts the lowest. Compared to the national median property tax bill of $2400, El Paso County offers a cost-effective alternative for homeowners. This affordability can be an appealing factor for potential property buyers and investors.

Property Tax Rates Across El Paso County, Colorado

Source: Ownwell

0.27%

0.62%

0.96%

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 El Paso County Tax Rate

0.42%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across El Paso County, Colorado

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Calhan	0.27%	0.35%	0.38%	0.41%	0.53%
Cascade	0.37%	0.49%	0.49%	0.54%	0.54%
Colorado Springs	0.34%	0.39%	0.41%	0.49%	0.73%
Elbert	0.37%	0.41%	0.48%	0.48%	0.48%
Falcon	0.70%	0.70%	0.70%	0.70%	0.70%
Fountain	0.34%	0.41%	0.41%	0.49%	0.73%
Green Mountain Falls	0.45%	0.66%	0.66%	0.66%	0.66%
Manitou Springs	0.39%	0.45%	0.51%	0.51%	0.51%
Monument	0.40%	0.47%	0.47%	0.68%	0.80%
Palmer Lake	0.37%	0.49%	0.49%	0.49%	0.49%
Peyton	0.32%	0.48%	0.48%	0.70%	0.84%
Ramah	0.33%	0.34%	0.36%	0.48%	0.48%
Rush	0.27%	0.27%	0.27%	0.29%	0.52%
Simla	0.27%	0.34%	0.34%	0.34%	0.35%
Woodland Park	0.42%	0.42%	0.52%	0.54%	0.54%
Yoder	0.27%	0.27%	0.27%	0.29%	0.34%
Green Mtn Fls	N/A	N/A	N/A	N/A	N/A
Larkspur	N/A	N/A	N/A	N/A	N/A
Pueblo	N/A	N/A	N/A	N/A	N/A
Sedalia	N/A	N/A	N/A	N/A	N/A
Usaf Academy	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across El Paso County, Colorado

When examining property taxes in El Paso County, 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. The El Paso County Assessor's Office 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 El Paso County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in El Paso County. For example, the median tax bill in El Paso County is $1,624, with tax bills ranging significantly across the county. Monument has the highest median home price at $515,538.

Property Tax Assessment Values Across El Paso County, Colorado

Source: Ownwell

$62,940

$289,337

$515,734

Median El Paso County Market Value

$319,355

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across El Paso County, Colorado

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Calhan	$6,096	$33,474	$205,269	$315,174	$414,987
Cascade	$214,278	$280,029	$351,433	$439,256	$561,066
Colorado Springs	$181,198	$254,072	$315,024	$404,483	$535,550
Elbert	$332,563	$411,915	$489,618	$585,138	$669,331
Falcon	$364,973	$405,340	$413,684	$424,080	$430,031
Fountain	$103,430	$224,168	$277,032	$321,989	$369,361
Green Mountain Falls	$132,220	$193,060	$263,294	$333,210	$426,382
Manitou Springs	$107,000	$258,209	$368,449	$482,538	$596,518
Monument	$257,718	$415,438	$515,538	$625,932	$773,967
Palmer Lake	$50,700	$253,132	$341,866	$422,166	$525,122
Peyton	$143,439	$296,662	$369,982	$424,208	$496,288
Ramah	$5,200	$18,080	$62,940	$174,135	$274,697
Rush	$3,965	$18,292	$77,464	$221,800	$297,088
Simla	$4,235	$27,750	$231,802	$303,658	$360,997
Woodland Park	$116,838	$206,732	$459,112	$656,976	$820,170
Yoder	$8,033	$41,069	$161,902	$275,049	$346,780
Green Mtn Fls	N/A	N/A	N/A	N/A	N/A
Larkspur	N/A	N/A	N/A	N/A	N/A
Pueblo	N/A	N/A	N/A	N/A	N/A
Sedalia	N/A	N/A	N/A	N/A	N/A
Usaf Academy	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across El Paso County, Colorado

In El Paso County, CO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, with the local government setting the rate. Various factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. The median home price in El Paso County is $319,355. The property tax bill can range significantly, with the 25th percentile at $1,012 and the 75th percentile at $2,236. Comparatively, the national median property tax bill is $2,400, indicating that El Paso County's tax bills can be relatively lower or higher depending on the specific property and location. For example, Falcon has the highest median tax bill at $2,912, while Rush has the lowest at $292. These variations affect homeowners by influencing their overall cost of living and potential resale value, making it crucial for them to understand their tax obligations.

Property Tax Bills Across El Paso County, Colorado

Source: Ownwell

$311

$1,860

$3,409

Median El Paso County Tax Bill

$1,379

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across El Paso County, Colorado

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Calhan	$31	$160	$798	$1,209	$1,606
Cascade	$1,047	$1,349	$1,719	$2,164	$2,886
Colorado Springs	$714	$993	$1,334	$2,088	$3,140
Elbert	$1,390	$1,830	$2,246	$2,706	$3,138
Falcon	$2,769	$2,850	$2,912	$2,975	$3,019
Fountain	$591	$920	$1,188	$1,452	$2,526
Green Mountain Falls	$900	$1,194	$1,650	$2,099	$2,610
Manitou Springs	$1,022	$1,368	$1,841	$2,382	$2,911
Monument	$1,532	$2,190	$2,739	$3,668	$4,574
Palmer Lake	$548	$1,196	$1,618	$2,039	$2,558
Peyton	$1,004	$1,428	$2,038	$2,723	$3,283
Ramah	$58	$139	$311	$763	$1,095
Rush	$14	$73	$292	$613	$801
Simla	$15	$95	$726	$1,027	$1,224
Woodland Park	$604	$1,072	$2,304	$3,485	$4,209
Yoder	$26	$133	$443	$756	$936
Green Mtn Fls	N/A	N/A	N/A	N/A	N/A
Larkspur	N/A	N/A	N/A	N/A	N/A
Pueblo	N/A	N/A	N/A	N/A	N/A
Sedalia	N/A	N/A	N/A	N/A	N/A
Usaf Academy	N/A	N/A	N/A	N/A	N/A

Source: Ownwell