Colorado Springs is the county seat of El Paso County, Colorado. Colorado imposes a minimal state documentary fee of $0.01 per $100 of consideration (0.01%), which is among the lowest transfer-related fees in the country. Neither the City of Colorado Springs nor El Paso County levies an additional local transfer tax, making Colorado Springs a very affordable market from a transfer tax perspective.
Colorado's state documentary fee is typically paid by the buyer, though this can be negotiated between buyer and seller. Because the fee is minimal, it is rarely a significant point of contention. The purchase agreement and closing instructions should specify which party is responsible for the fee.
Colorado's documentary fee generally applies to all transfers of real property for consideration. Common exemptions include gifts with no monetary consideration, transfers to qualifying governmental entities, and certain qualifying nonprofit transfers. Consult a Colorado real estate attorney or title company to determine whether your transaction qualifies for an exemption.