Total Tax Burden in Colorado Springs, CO
Living in Colorado Springs with the median household income of $66,579, your estimated total tax burden — including federal income tax, FICA, property tax, and sales tax — is approximately $18,518, an effective rate of 27.8%.
Federal Income Tax (est.)
$9,321
14.0% of income
FICA (SS + Medicare)
$5,093
7.6% of income
Property Tax
$2,184
0.52% effective rate
Sales Tax (est.)
$1,920
8.24% rate
Total Estimated Tax Burden
$18,518
Effective Rate
27.8%
Based on median income of $66,579, median home price of $420,000, and estimated taxable spending of $23,303. Actual taxes vary by individual circumstances. Use our calculators for a personalized estimate.
Tax Details for Colorado Springs
Colorado Springs residents face a combined local sales tax rate of 8.24%. This is a moderate sales tax rate that includes both state and local components.
Property taxes on the median-priced home of $420,000 would cost approximately $2,184 per year, or $182/month. The effective rate of 0.52% is below the national median, making property ownership more tax-friendly.
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These estimates are based on median values. Use our Total Tax Burden Calculator for a breakdown based on your actual income, home value, and spending.
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