El Paso County Property Taxes
The median property tax rate in El Paso County is 0.42%, which is significantly lower than both the national median of 0.99% and the Colorado state median of 0.55%. With a median home value of $319,355 in El Paso County, the typical annual property tax bill is $1,379, far below the national median of $2,690. Property taxes in El Paso County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding El Paso County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Colorado Springs or another part of El Paso County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
El Paso County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$1,341
Ownwell’s El Paso Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, our calculator uses the median tax rate in El Paso to provide an estimated property tax bill. This tool helps you understand potential tax liabilities, offering insights into what you might owe. For more localized information, you can scroll down to explore city-level trends. The assessed value is the value assigned to your property by the county for tax calculations and includes any exemptions you may have.
Property Tax Rates Across El Paso County, Colorado
Property taxes in El Paso County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in El Paso County is 0.42%, which is lower than the U.S. national median of 0.99%. Local government entities within El Paso County set these rates annually, and they can vary significantly between different areas within the county. Each year, El Paso County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares El Paso County's effective property tax rate with other counties in Colorado and the national median. For comparison, the city of Sedalia has one of the higher property tax rates in Colorado at 3.19%, while the city of Colorado Springs boasts one of the lowest at 0.41%. Analyzing how El Paso County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
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 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% |
| Green Mtn Fls | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
| Larkspur | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
| 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% |
| Pueblo | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
| Ramah | 0.33% | 0.34% | 0.36% | 0.48% | 0.48% |
| Rush | 0.27% | 0.27% | 0.27% | 0.29% | 0.52% |
| Sedalia | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% |
| Simla | 0.27% | 0.34% | 0.34% | 0.34% | 0.35% |
| Usaf Academy | N/A | N/A | N/A | N/A | N/A |
| Woodland Park | 0.42% | 0.42% | 0.52% | 0.54% | 0.54% |
| Yoder | 0.27% | 0.27% | 0.27% | 0.29% | 0.34% |
Source: Ownwell
Property Tax Assessment Values Across El Paso County, Colorado
In El Paso County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the El Paso County Appraisal District. The assessed value, however, 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. Assessment notices in El Paso County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in El Paso County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The highest median tax bill in El Paso County is found in Sedalia at $3,450, while the lowest is in Rush at $292.
Property Tax Assessment Values Across El Paso County, Colorado
Source: Ownwell
$9,491
$722,691
$1,435,891
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 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 |
| Green Mtn Fls | $123,265 | $123,265 | $123,265 | $123,265 | $123,265 |
| Larkspur | $596,441 | $606,027 | $622,002 | $637,978 | $647,564 |
| 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 |
| Pueblo | $27,071 | $27,071 | $27,071 | $27,071 | $27,071 |
| Ramah | $5,200 | $18,080 | $62,940 | $174,135 | $274,697 |
| Rush | $3,965 | $18,292 | $77,464 | $221,800 | $297,088 |
| Sedalia | $108,243 | $108,243 | $108,243 | $108,243 | $108,243 |
| Simla | $4,235 | $27,750 | $231,802 | $303,658 | $360,997 |
| Usaf Academy | N/A | N/A | N/A | N/A | N/A |
| Woodland Park | $116,838 | $206,732 | $459,112 | $656,976 | $820,170 |
| Yoder | $8,033 | $41,069 | $161,902 | $275,049 | $346,780 |
Source: Ownwell
Property Tax Bills Across El Paso County, Colorado
Property tax bills in El Paso County, Colorado, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Once the assessed value is established, a tax rate, known as the mill levy, is applied to calculate the tax bill. The median home price in El Paso County is $319,355, and property tax rates can vary significantly within the county. For example, homeowners in Sedalia face the highest median tax bill at $3,450, while those in Rush encounter the lowest median tax bill at $292. Factors influencing the tax bill include property location, market conditions, and local government budgets. Homeowners in the 25th percentile pay around $1,012, while those in the 75th percentile pay approximately $2,236. At the 90th percentile, the tax bill can reach up to $3,217. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
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 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 |
| Green Mtn Fls | $812 | $812 | $812 | $812 | $812 |
| Larkspur | $2,805 | $2,850 | $2,925 | $3,000 | $3,045 |
| 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 |
| Pueblo | $96 | $96 | $96 | $96 | $96 |
| Ramah | $58 | $139 | $311 | $763 | $1,095 |
| Rush | $14 | $73 | $292 | $613 | $801 |
| Sedalia | $3,450 | $3,450 | $3,450 | $3,450 | $3,450 |
| Simla | $15 | $95 | $726 | $1,027 | $1,224 |
| Usaf Academy | N/A | N/A | N/A | N/A | N/A |
| Woodland Park | $604 | $1,072 | $2,304 | $3,485 | $4,209 |
| Yoder | $26 | $133 | $443 | $756 | $936 |
Source: Ownwell