Colorado Springs, CO variant. This is a Colorado Springs, CO-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Colorado Springs property tax runs about 0.42% of value - roughly $1,932/year on the $460,000 median home.
Property tax in Colorado Springs
Tax = assessed value × local rate. The 0.42% effective rate captures Colorado Springs's blend of county, city, and school levies.
On the $460,000 median home that's $1,932/year ($161/month), usually escrowed with your mortgage.
About Colorado Springs, CO
Colorado Springs applies Colorado state and local sales taxes, with a flat state income tax.
Colorado Springs home prices have climbed above the national average in recent years.
Colorado Springs has a strong military and defense presence, with a cost of living somewhat above the national average.
Worked example: $460,000 home
$460,000 × 0.42% = $1,932/year. A $600,000 Colorado Springs home would owe about $2,520.
Quick reference
- Median home value: $460,000
- Median rent: $1,750/mo
- Median household income: $80,958
- Local sales tax: 8.2%
- Effective property tax rate: 0.42%
- Cost of living index: 105 (US avg = 100)
Frequently Asked Questions
What is the property tax rate in Colorado Springs?
About 0.42% of market value per year.
How much property tax on a median Colorado Springs home?
Roughly $1,932 per year.