Peyton, El Paso County, Colorado Property Taxes

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

Median Peyton, CO effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Peyton, CO home value: $369,982
Median annual Peyton, CO tax bill: $2,038, $362 lower than the national median property tax bill of $2,400.

How are property taxes in El Paso County calculated?

Property taxes in Peyton, CO 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 Peyton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Peyton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Peyton, El Paso County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.48%

Estimate Property Tax Bill

$1,776

$1,648

Ownwell’s Peyton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Peyton with just two data points. By entering your property's estimated assessed value, our calculator applies Peyton’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 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 Peyton, El Paso County, Colorado

Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county estimates its annual budget needs to provide essential services and then divides this by the total value of all taxable properties within its area. This calculation determines the property tax rate. While the process involves votes and legislation, this is essentially how it unfolds each year.

In Peyton, located in El Paso County, the effective property tax rate is 0.48%, which is below both Colorado's and the national median property tax rate of 1.02%. This makes Peyton an attractive location for property owners seeking lower tax obligations. When compared to other cities in Colorado, Peyton stands out for its affordability in terms of property taxes. This lower tax rate can significantly impact homeowners' annual expenses, making Peyton a desirable place to live. For those considering a move or investment in Colorado, Peyton offers a financially appealing option with its competitive property tax rate.

Property Tax Rates Across Peyton, 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 Peyton Tax Rate

0.48%

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 Peyton, El Paso County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
80831	0.32%	0.48%	0.48%	0.70%	0.84%
80106	N/A	N/A	N/A	N/A	N/A
80908	N/A	N/A	N/A	N/A	N/A
80923	N/A	N/A	N/A	N/A	N/A
80928	N/A	N/A	N/A	N/A	N/A
80930	N/A	N/A	N/A	N/A	N/A
80938	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Peyton, El Paso County, Colorado

When examining property taxes in Peyton, Colorado, 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 Peyton.

For example, the median home price in Peyton is $369,982, with tax bills ranging significantly across the county. Zip code 80831 has the highest median home price at $370,728.

Property Tax Assessment Values Across Peyton, El Paso County, Colorado

Source: Ownwell

$62,940

$289,337

$515,734

Median Peyton Market Value

$369,982

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 Peyton, El Paso County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
80831	$173,792	$298,469	$370,728	$424,501	$496,733
80106	N/A	N/A	N/A	N/A	N/A
80908	N/A	N/A	N/A	N/A	N/A
80923	N/A	N/A	N/A	N/A	N/A
80928	N/A	N/A	N/A	N/A	N/A
80930	N/A	N/A	N/A	N/A	N/A
80938	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Peyton, El Paso County, Colorado

In Peyton, located in El Paso County, CO, property tax bills are determined by the assessed value of a home multiplied by the local tax rate. The assessed value is a percentage of the market value of the property. Homeowners in this area experience a median property tax bill of $2,038, which is slightly below the national median of $2,400. Factors influencing the tax bill include changes in property value and local tax rates. For homeowners, a tax bill can represent a significant portion of their annual expenses, and fluctuations in property value or tax rates can lead to unexpected increases. Ownwell offers services to help homeowners reduce their property tax bills by identifying potential savings through appeals and exemptions. By analyzing property assessments and market conditions, Ownwell can assist in ensuring homeowners are not overpaying on their taxes. This can lead to substantial savings, especially for those in the higher tax brackets of the area, where bills can reach up to $3,283.

Property Tax Bills Across Peyton, El Paso County, Colorado

Source: Ownwell

$311

$1,860

$3,409

Median Peyton Tax Bill

$2,038

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 Peyton, El Paso County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
80831	$1,004	$1,428	$2,038	$2,723	$3,284
80106	N/A	N/A	N/A	N/A	N/A
80908	N/A	N/A	N/A	N/A	N/A
80923	N/A	N/A	N/A	N/A	N/A
80928	N/A	N/A	N/A	N/A	N/A
80930	N/A	N/A	N/A	N/A	N/A
80938	N/A	N/A	N/A	N/A	N/A

Source: Ownwell