Taxes in Colorado

Each state’s tax code is a multifaceted system with many moving parts, and Colorado is no exception. The first step towards understanding Colorado’s tax code is knowing the basics.

How does Colorado rank?  Below, we have highlighted a number of tax rates, ranks, and measures detailing Colorado’s income tax, business tax, sales tax, and property tax systems. Click the tabs below to explore!

Top Individual Income Tax Rate

4.63%

See Full Study

State and Local Individual Income Tax Collections per Capita

$1209

Click for a comparative tax map!

State and Local Tax Burden

8.9%

Click for a comparative tax map!
See Full Study

Top Corporate Income Tax Rate

4.63%

See Full Study

State Business Tax Climate Index Ranking

17

See Full Study

State Sales Tax Rate

2.90%

Click for a comparative tax map!
See Full Study

Average Local Sales Tax Rate

4.75%

See Full Study

Combined State and Average Local Sales Tax Rate

7.65%

Click for a comparative tax map!
See Full Study

State and Local General Sales Tax Collections per Capita

$564

Click for a comparative tax map!

State Gasoline Tax Rate (cents per gallon)

22.00¢

Click for a comparative tax map!

State Cigarette Tax Rate (dollars per 20-pack)

$0.84

Click for a comparative tax map!

Property Taxes Paid as a Percentage of Owner-Occupied Housing Value

0.56%

Click for a comparative tax map!

State and Local Property Tax Collections Per Capita

$1542

Click for a comparative tax map!

Featured Articles

State Conformity to Federal Pandemic-Related Tax Provisions in CARES and ARPA

April 1, 2021

How High Are Taxes on Recreational Marijuana in Your State?

March 31, 2021

Facts and Figures 2021: How Does Your State Compare?

March 10, 2021

State Aid in American Rescue Plan Act Is 116 Times States’ Revenue Losses

March 3, 2021

Which States Are Taxing Forgiven PPP Loans?

February 22, 2021

State Individual Income Tax Rates and Brackets for 2021

February 17, 2021

Related Articles

State Conformity to Federal Pandemic-Related Tax Provisions in CARES and ARPA

How High Are Taxes on Recreational Marijuana in Your State?

State and Local Tax Burdens, Calendar Year 2019

Facts and Figures 2021: How Does Your State Compare?

State Aid in American Rescue Plan Act Is 116 Times States’ Revenue Losses

Which States Are Taxing Forgiven PPP Loans?

State Individual Income Tax Rates and Brackets for 2021

Where Did Americans Move in 2020?

Several States Considering Legal Recreational Marijuana

State and Local Sales Tax Rates, 2021

State Tax Changes Effective January 1, 2021

Congress Passes $900 Billion Coronavirus Relief Package

Details and Analysis of State and Local Aid Under the Bipartisan State and Local Support and Small Business Protection Act of 2020

Wireless Tax Burden Remains High Due to Federal Surcharge Increase

Election Analysis: California and Colorado Voters Resist Temptation to Shift More of Property Tax Burden to Businesses

Election Analysis: Why Voters Split the Difference on Income Tax Measures

Results of 2020 State and Local Tax Ballot Measures

The State Business Tax Climate Index Is Your Guide to Economic “Wins Above Replacement”

2021 State Business Tax Climate Index

Top Rates in Each State Under Joe Biden’s Tax Plan