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Falcon, El Paso County, Colorado Property Taxes

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Property Taxes in Falcon, Colorado

  • Median Falcon, Colorado effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, and higher than the Colorado state median of 0.50%.

  • Median Falcon, Colorado home value: $559,439

  • Median annual Falcon, Colorado tax bill: $3,741, $1,341 higher than the national median property tax bill of $2,400.

How are property taxes in El Paso calculated?

Property taxes in Falcon, Colorado are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Falcon's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Falcon, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Falcon, El Paso County, Colorado Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$3,748

$3,478

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Falcon Property Tax Calculator Work?

Use this Falcon property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Falcon's median effective tax rate of 0.67% — based on actual property records in El Paso County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Falcon's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Falcon: rates range from 0.67% in 80831 to 0.67% in 80831, primarily due to differences in school district levies and local assessment districts.

If your estimate is higher than expected, Ownwell can appeal your Falcon assessment — you only pay if we save you money.

About Falcon Property Taxes

About Property Taxes in Falcon, El Paso, Colorado

Falcon’s median effective property tax rate of 0.67% is lower than the Colorado state median of 0.50% and lower than the national median of 1.02%. This rate reflects the El Paso County base levy combined with local school district levies and metro districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Falcon. Homeowners in the 80831 ZIP code carry a median effective rate of 0.67%, while those in the same ZIP code also pay 0.67%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across El Paso County. Understanding which part of Falcon you live in can make a meaningful difference to your annual tax bill.

Falcon homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Falcon, El Paso County, Colorado

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Falcon's effective property tax rate to other cities in Colorado and the median property tax rates in Colorado and the U.S.

Property Tax Rates Across Falcon, El Paso County, Colorado

Source: Ownwell

0.30%

0.63%

0.95%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Falcon Tax Rate

0.67%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective El Paso County Tax Rate

0.38%

Median Effective Colorado Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Falcon, El Paso County, Colorado

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
808310.66%0.66%0.67%0.67%0.67%

Source: Ownwell

Property Tax Assessment Values Across Falcon, El Paso County, Colorado

When examining property taxes in Falcon, Colorado, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The El Paso County appraisal district estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In El Paso County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. Falcon’s median home price is $559,439, with a median tax bill of $3,741. That is above the national median property tax bill of $2,400 and reflects the county’s higher property tax burden.

Property Tax Assessment Values Across Falcon, El Paso County, Colorado

Source: Ownwell

$336,566

$537,650

$738,734

Median Falcon Market Value

$559,439

Median El Paso County Market Value

$442,992

Median Colorado Market Value

$519,879

Median United States Market Value

$235,294

Property Tax Assessment Values Across Falcon, El Paso County, Colorado

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
80831$501,698$544,594$559,439$568,644$593,294

Source: Ownwell

Property Tax Bills Across Falcon, El Paso County, Colorado

Property tax bills in Falcon are based on the assessed value of a home and the local tax rate set for El Paso County. When a property’s market value is higher, the tax bill can rise, which is why homeowners with a median home price of $559,439 often see meaningful annual costs. In Falcon, the 25th percentile tax bill is $3,629, the 75th percentile is $3,809, and the 90th percentile is $3,927, showing how quickly bills can climb above the national median property tax bill of $2,400.

What determines the bill? The assessed value, exemptions, and local taxing authorities all play a role. If a home is overassessed, the owner may pay more than necessary.

Ownwell helps homeowners lower their property tax bills by reviewing assessments, identifying savings opportunities, and filing appeals when a property is taxed above its fair value. That can mean real savings and a lower bill year after year.

Property Tax Bills Across Falcon, El Paso County, Colorado

Source: Ownwell

$1,132

$2,678

$4,224

Median Falcon Tax Bill

$3,741

Median El Paso County Tax Bill

$1,745

Median Colorado Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Falcon, El Paso County, Colorado

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
80831$3,229$3,629$3,741$3,809$3,927

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Falcon, Colorado

How are property taxes calculated in Falcon, Colorado?
Property taxes in Falcon, Colorado are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Falcon, Colorado?
To appeal your property taxes in Falcon, Colorado, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Falcon, Colorado?
Common property tax exemptions in Falcon, Colorado include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Falcon, Colorado?
Property tax deadlines in Falcon, Colorado vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Falcon, Colorado?
Ownwell provides professional property tax appeal services in Falcon, Colorado. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.