Colorado Income Tax
Colorado has a flat income tax with a rate of 4.4%. All taxable income is taxed at the same rate regardless of how much you earn.
Colorado Sales Tax
The state sales tax rate in Colorado is 2.9%. With an average local sales tax of 4.87%, the combined average sales tax rate is 7.77%.
Colorado Property Tax
The effective property tax rate in Colorado is 0.51%. With a median home value of $466,200, the median annual property tax bill is $2,422 ($202/month).
Colorado has some of the lowest property taxes in the nation, making homeownership more affordable.
Corporate & Business Taxes
The corporate tax rate in Colorado is 4.4%.
Other Taxes in Colorado
| Tax Type | Rate / Amount |
|---|---|
| Gas Excise Tax | $0.22/gallon |
| Cigarette Tax | $2.64/pack |
| Estate Tax | No |
| Inheritance Tax | No |
Key Facts
TABOR amendment limits tax increases without voter approval. Flat income tax.
Compare to Other States
See how salaries compare on our average salary in Colorado page. Thinking about starting a business? Check our LLC guide for Colorado. See the current minimum wage in Colorado.
Financial Calculators
Plan your finances in Colorado with our free tools:
- Paycheck Calculator — estimate take-home pay after taxes
- Salary Calculator — convert hourly to annual pay
- Mortgage Calculator — estimate monthly home payments
- Home Affordability Calculator — see how property taxes affect what you can afford