![]() Office Location (8am-5pm, M-F) northwest corner of Colorado and Nevada, downtown Colorado SpringsĬity of Colorado Springs / Sales Tax Officeģ0 S Nevada Avenue, Suite 203Colorado Springs, CO 80903 TABORĬolorado enacted something called the Taxpayers Bill of Rights (TABOR) in 1992 that severely limits the ability of government at any level to raise taxes without taxpayers voting on it. Collected by the Colorado Department of Revenue: State of Colorado, El Paso County, and PPRTA.Restricted Use: TOPS, PSST, 2C Road Tax.1.00% Pikes Peak Rural Transit Authority (PPRTA).0.10% Trails, Open Space and Parks (TOPS).3.07% City of Colorado Springs (self-collected).The combined amount is 8.20%, broken out as follows: Because valuation is not precise and tax rates vary significantly, the only way to know for sure what taxes will look like is to check the assessors office information for a specific property.Įffective January 1, 2021, the City of Colorado Springs sales and use tax rate has decreased from 3.12% to 3.07% for all transactions occurring on or after that date. This is higher in certain areas where Special Improvement districts exist (such as Flying Horse Ranch, where the planning figure is closer to 1.25%) and lower in some of the older sections of the city (particularly in school district 11), where the figure is often closer to 0.5%. GENERALLY, we plan for property taxes to be roughly 0.75% of the market value of the home. Property taxes are the main source of revenue for schools in Colorado. Property Taxes – Property taxes vary a lot based on where you live.Sales Taxes – In the Colorado Springs area, sales tax is 8.20%.For more information see the Colorado Department of Revenue web site. Pretty much anything that is deductible for Federal taxes is also deductible for state purposes. ![]() It is primarily based on your Federal taxable income, so the state tax form is very simple to complete. State Income Taxes – The state income tax rate is 4.63% for 2018.Check out this hand tool to calculate tax rates! ![]() All about taxes in Colorado Springs (COS)! Colorado Springsis considered a very low tax area of the country to live, especially compared to other major cities.
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