State-by-State Guide to Taxes

2.9% state levy. Localities can add as much as 8.30%, and the average combined rate is 7.52%, according to the Tax Foundation.

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.

See Kiplinger.com’s Retiree Tax Map to learn how Colorado taxes Social Security income and other forms of retirement income.

Gasoline: $0.22 per gallon.
Diesel: $0.21 per gallon.

The median property tax on Colorado's median home value of $264,600 is $1,516.

See Kiplinger.com’s Retiree Tax Mapfor details on tax breaks for seniors in Colorado.

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.

Cigarettes: $0.84 per pack; Aspen adds $3.00.
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 due, plus state and local sales tax.

For medical marijuana, only state and local sales taxes are due.

Hotel: There is no statewide lodging tax, but localities can charge their own. Denver’s is 10.75%. Sales tax is also due.

Rental cars: The state levies a $2 per day rental fee. Localities can charge taxes as well; Denver’s is 7.25%. Sales tax is also due.

12.06%

There is no inheritance tax or estate tax.