Colorado Springs, CO Property Tax Calculator
Estimate property tax for a home in Colorado Springs, CO. Homes in Colorado Springs are assessed by El Paso County, where the effective property tax rate runs about 0.46% of market value — so a median-priced Colorado Springs home of $460,000 generates roughly $2,116 in annual property tax. Enter your specific home value below for a custom estimate.
Annual Tax
$2,116
0.46% of $460,000
Monthly Tax
$176
Typically escrowed with your mortgage
State Rank
#49 of 51
Highest rate = #1
vs. National Average
Highest property tax states
- New Jersey2.49%
- Illinois2.23%
- New Hampshire2.18%
- Connecticut2.15%
- Vermont1.90%
Lowest property tax states
- Hawaii0.32%
- Alabama0.41%
- Colorado0.55%
- Louisiana0.56%
- District of Columbia0.57%
These are state-level averages. Individual counties and cities can vary significantly — a home in Austin's urban core may have a far higher effective rate than the Texas state average, for example. For the most accurate estimate, get the exact millage rate from your county assessor and override the rate field above.
How to use it
A two-minute guide.
The Home Value field is pre-filled with Colorado Springs's median home value of $460,000. Override with your actual home's market value for a specific estimate — your tax bill scales linearly with home value.
The rate is pre-filled with El Paso County's effective rate of 0.46% — the county-level average for owner-occupied homes, which is more precise than Colorado's statewide average of 0.55%. Individual school districts and special taxing zones within Colorado Springs still shift the exact figure — if you know the rate from your latest tax bill, override it for the most precise estimate.
You'll see your estimated annual property tax, the monthly amount (which is typically escrowed with your mortgage payment), and a comparison to other states.
How it works
The math behind the result.
How Colorado Springs's tax bill works out. Homes in Colorado Springs are assessed and billed through El Paso County. The effective rate there averages about 0.46% of market value — below Colorado's statewide average of 0.55%. On Colorado Springs's median home value of $460,000, that's approximately $2,116/year, or $176/month when escrowed with your mortgage.
How assessment works in Colorado. Counties reassess every odd-numbered year using a defined sales-study period. Residential property is assessed at roughly 6.7-7% of market value — among the lowest assessment ratios in the country.
Exemptions worth claiming. Seniors who've owned their home 10+ years and disabled veterans get 50% of the first $200,000 of value exempted; recent legislation also trims a flat amount off all residential values. Exemptions are the most common reason two identical Colorado Springs homes pay different tax bills — make sure yours are on file with El Paso County.
What property tax actually pays for. In Colorado Springs — like the rest of Colorado — property tax funds local schools, public safety (police, fire), road maintenance, parks, libraries, and county government. Most of your bill stays in your county and school district.
Comparing to other states. Effective rates vary enormously across the US — from about 0.3% in Hawaii to nearly 2.5% in New Jersey. Colorado Springs's 0.46% puts it among the lowest in the US.
Questions
Frequently asked.
Buying in Colorado Springs? Estimate your full mortgage payment with our Colorado Springs Mortgage Calculator. Or see how Colorado property tax rates compare across the state with our Colorado Property Tax Calculator.
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