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%.
When considering these local taxes, the average Colorado sales tax rate is almost 7.5%, 15th highest in the country. On the other hand, homeowners in Colorado get a break: the stateâs property taxes are among the nationâs lowest, with an average effective rate of just 0.63%.