Discount points represent additional money you can pay to the lender at closing. If you pay more points it will lower the interest rate. Usually, for each point you pay for a 30-year loan, your interest rate is reduced by about 1/8th (or .125) of a percentage point.
Summit County, CO Sales Tax Rate. The current total local sales tax rate in Summit County, CO is 6.375%. The December 2016 total local sales tax rate was 5.775%.
Our taxes are paid in several pieces: 1  State Income Taxes â The state income tax rate is 4.65% for 2009. 2  Sales Taxes â In the Colorado Springs area, sales tax is 4.9% if you are NOT in the city of Colorado Springs. 3  Property Taxes â Property taxes vary a lot based on where you live.