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%.
The Colorado state sales tax rate is 2.9%, and the average CO sales tax after local surtaxes is 7.44%. 1  Groceries and prescription drugs are exempt from the Colorado sales tax. 2  Counties and cities can charge an additional local sales tax of up to 7.1%, for a maximum possible combined sales tax of 10%.