Taxes in Colorado Springs, Colorado
Complete tax guide for Colorado Springs, CO. State income tax up to 4.4%, 0.47% property tax, 8.2% sales tax. Calculate your total tax burden.
State Income Tax
4.4%
Colorado
Property Tax
0.47%
Effective rate
Sales Tax
8.2%
Combined rate
Tax Burden
Moderate
Colorado Springs, CO Tax Overview
Military presence; moderate cost of living
Population
478,961
Median Income
$67,879
Cost of Living
101.2 (100 = avg)
State Income Tax
4.4%
Median Home Price
$405,000
Colorado Springs Tax Calculator
Pre-filled with Colorado Springs median: $67,879
Total Tax Burden in Colorado Springs
$14,727
Take-Home: $53,152 · Effective Rate: 21.70%
Federal Tax
$6,547
9.65% eff.
CO State
$2,987
4.40% eff.
FICA
$5,193
7.65% eff.
Take-Home
$53,152
78.30% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $67,879.00 | $5,656.58 |
| Federal Income Tax | -$6,547.38 | -$545.62 |
| Colorado State Tax | -$2,986.68 | -$248.89 |
| Social Security (6.2%) | -$4,208.50 | -$350.71 |
| Medicare (1.45%) | -$984.25 | -$82.02 |
| Take-Home Pay | $53,152.20 | $4,429.35 |
Property Tax in Colorado Springs
Median Home
$405,000
Annual Tax
$1,903
Monthly Tax
$159
Effective Rate
0.47%
Sales Tax in Colorado Springs
Combined Rate
8.2%
State Portion
~5.7%
Local Portion
~2.5%
The combined sales tax rate in Colorado Springs is 8.2%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.20 in sales tax.
Tax Burden Comparison
| Tax Type | Colorado Springs | Colorado Avg | National Avg |
|---|---|---|---|
| Income Tax | 4.4% | 4.4% | 4.6% |
| Property Tax | 0.47% | ~0.47% | 1.1% |
| Sales Tax | 8.2% | ~8.2% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Colorado Springs Residents
- Colorado's income tax rate of 4.4% is competitive. You may still benefit from maximizing 401(k) contributions ($23,500 limit) to reduce your taxable income at both state and federal levels.
- Property tax in Colorado Springs (0.47%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- The combined sales tax rate of 8.2% is relatively high. Consider making large purchases in lower-tax jurisdictions or online retailers that do not charge local tax rates.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Colorado
Denver
ModerateAurora
ModerateFort Collins
ModerateLakewood
ModerateThornton
ModerateArvada
ModerateBoulder
HighCalculate Your Full Colorado Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Colorado Springs, CO?
Colorado Springs, Colorado has a state income tax rate up to 4.4%. The property tax rate is 0.47% and the combined sales tax rate is 8.2%. Military presence; moderate cost of living
How much is property tax in Colorado Springs?
The effective property tax rate in Colorado Springs is 0.47%. On the median home price of $405,000, this equals approximately $1,903 per year or $159 per month. This is below the national average of 1.1%.
What is the sales tax rate in Colorado Springs?
The combined sales tax rate in Colorado Springs is 8.2%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Colorado Springs's tax burden compare to other cities?
Colorado Springs has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 27.3%. The combination of 4.4% state income tax, 0.47% property tax, and 8.2% sales tax determines the total burden. Cost of living index is 101.2 (100 = national average).
Are there any local taxes in Colorado Springs?
Colorado Springs does not impose a separate local or city income tax. Residents pay the state income tax of 4.4%, federal income tax, and FICA (Social Security and Medicare). Military presence; moderate cost of living