Art & Debbie DeBrito

  • Art & Debbie DeBrito

  • Broker Associates

  • Service Is Our Only Business!

  • Contact Info - Tel: 719.339.9671 / Fax: 888-469-7691 / / email me

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Art & Debbie DeBrito
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Taxes
On a national basis, the amount of state and local taxes ranked in the bottom thirty nationally. State taxes collected per $1,000 of personal income ranked well below the national average, 45th out of 50 states. Locally the tax bite is considerably higher with Colorado ranking seventh nationwide in the amount of taxes collected per $1,000 of personal income. When the state and local tax bite is combined, Colorado ranks 22nd in the nation.

Residential Property Taxes
Property taxes are approximately .55 percent of the value of the home. This is much less than many areas of the United States and often surprises homebuyers that are new to this area.

Retail Sales Taxes
State 2.9%
County  1% 
City  2.5%
Transportation
CO Springs Only		 1.0%
Total  7.4%


Motor Fuel Tax
Federal 18.4
State 22
Total 40.4
State Individual Income Tax
Flat rate of 4.63% of federal taxable income.
Vehicle License & Tax
1 yr old 2.1% of taxable value
2 yr old 1.5% of taxable value
3 yr old 1.2% of taxable value
4 yr old 0.9% of taxable value
5+yr old 0.45% of taxable value
*Taxable value is original sticker price of your car

For more detailed information on taxes visit: The Colorado Department of Revenue
or the El Paso County Government.

* Information compiled from Internet and local sources, 2002
Art & Debbie DeBrito
  • Realteam Real Estate Center, Inc
  • 4390 N. Academy Blvd. Suite 200
  • Colorado Springs, CO 80918
  • Tel:  719.339.9671
  • Fax: 888-469-7691
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