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%.
Current City Sales tax rate: Current sales tax rate in Colorado Springs, CO is 8.25%, broken out as follows: 3.12% City of Colorado Springs; 2.9% State of Colorado; 1.23% El Paso County; 1.0% PPRTA; On November 3, 2015, Colorado Springs voters approved a sales and use tax rate increase of 0.62% to fund road repair, maintenance and improvements.