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Manitou Springs, El Paso County, Colorado Property Taxes

  • Median Manitou Springs, CO effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.

  • Median Manitou Springs, CO home value: $368,449

  • Median annual Manitou Springs, CO tax bill: $1,841, $559 lower than the national median property tax bill of $2,400.

How are property taxes in El Paso County calculated?

Property taxes in Manitou Springs, CO 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 Manitou Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Manitou Springs, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Manitou Springs, El Paso County, Colorado Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.51%

Estimate Property Tax Bill

$1,879

$1,744

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Manitou Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Manitou Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Manitou Springs’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in El Paso County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Manitou Springs, El Paso County, Colorado

Local government entities are responsible for setting tax rates, leading to significant variations within a state. Annually, each county estimates its budget for services and divides that by the total value of all taxable property within its jurisdiction, determining the property tax rate. While votes and laws influence these rates and budgets, this is the essence of the annual process.

In Manitou Springs, located in El Paso County, the effective property tax rate is notably below the national median of 1.02%. This lower rate can be advantageous for property owners, potentially resulting in reduced tax bills compared to other regions. The median property tax rate in Colorado also reflects this trend, offering an appealing option for those considering relocation or investment in the area. When comparing Manitou Springs to other cities within Colorado, the property tax rates remain consistent, which may be attractive for potential homeowners. This stability, coupled with the lower tax rate, makes Manitou Springs a compelling choice for those seeking a balance between affordability and quality of life.

Property Tax Rates Across Manitou Springs, El Paso County, Colorado

Source: Ownwell

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0.27%

0.62%

0.96%

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 Manitou Springs Tax Rate

0.51%

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

0.42%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Manitou Springs, El Paso County, Colorado

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
808290.39%0.45%0.51%0.51%0.51%
80809N/AN/AN/AN/AN/A
80904N/AN/AN/AN/AN/A
80926N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Manitou Springs, El Paso County, Colorado

When examining property taxes in Manitou Springs, CO, 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.

In El Paso County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Manitou Springs.

For example, the median home price in Manitou Springs is $368,449, with tax bills ranging significantly across the county. Zip code 80829 has the highest median home price at $368,591.

Property Tax Assessment Values Across Manitou Springs, El Paso County, Colorado

Source: Ownwell

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$62,940

$289,337

$515,734

Median Manitou Springs Market Value

$368,449

Median El Paso County Market Value

$319,355

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Manitou Springs, El Paso County, Colorado

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
80829$107,000$258,598$368,591$482,324$596,547
80809N/AN/AN/AN/AN/A
80904N/AN/AN/AN/AN/A
80926N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Manitou Springs, El Paso County, Colorado

In Manitou Springs, El Paso County, CO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. The property tax rate is then applied to this assessed value to determine the tax bill. Factors such as local levies and school district taxes can influence the final amount. With a median tax bill of $1,841, homeowners in Manitou Springs pay less than the national median property tax bill of $2,400. However, the tax bill can vary significantly, ranging from $1,368 at the 25th percentile to $2,911 at the 90th percentile. Ownwell helps homeowners by providing property tax appeal and exemption services, ensuring that they are not overpaying. By analyzing market trends and comparable properties, Ownwell identifies opportunities for tax reductions, potentially saving homeowners significant amounts on their annual property tax bills.

Property Tax Bills Across Manitou Springs, El Paso County, Colorado

Source: Ownwell

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$311

$1,860

$3,409

Median Manitou Springs Tax Bill

$1,841

Median El Paso County Tax Bill

$1,379

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Manitou Springs, El Paso County, Colorado

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
80829$1,022$1,368$1,841$2,379$2,911
80809N/AN/AN/AN/AN/A
80904N/AN/AN/AN/AN/A
80926N/AN/AN/AN/AN/A

Source: Ownwell

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