The Kiplinger Tax Map: Guide to State Income Taxes, State Sales Taxes, Gas Taxes, Sin Taxes
Tool | Updated October 2019

State-by-State Guide to Taxes

Compare state tax rates and rules — on income, ordinary purchases, gas, sin products, property, and more — across the U.S.

Colorado

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The Bottom Line
Flag of Colorado

Tax-Friendly

The Centennial State has a flat tax: If you have federal taxable income, the rate is 4.63%. Property taxes are quite low, but sales taxes take a bite.

Sales Tax

2.9% state levy. Localities can add as much as 8.30%, and the average combined rate is 7.63%, according to the Tax Foundation.

Income Tax Range

All Colorado residents who have federal taxable income pay a flat rate of 4.63%. Taxpayers are also subject to a state alternative minimum tax.

Effective tax rate: 4.62% for single filers, 4.74% for joint filers.

Motor Fuel Taxes

Gasoline: $0.2200 per gallon.
Diesel: $0.2100 per gallon.

Property Taxes

In Colorado, residents pay an average of $607 in taxes per $100,000 of assessed home value.

Vehicle Taxes

An “ownership tax” is assessed on the original taxable value and year of service. Original taxable value is 85% of the sticker price. Rates are set at the county level.

Sin Taxes

Cigarettes: $0.84 per pack; Aspen adds $3.10.
All other tobacco products: 40% of the manufacturer’s price
Beer: $0.08 per gallon
Wine: $0.32 per gallon
Liquor: $2.28 per gallon

Marijuana: For retail purchases, 15% state retail marijuana sales tax and 15% excise tax are imposed, plus state and local sales taxes.
For medical marijuana, only state and local sales taxes are applied.

Taxes On Wireless Service

12.34%

Inheritance and Estate Taxes

None.

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