Taxes In Colorado
Taxes in Colorado are high or low compared to other states, depending on your sources. Whatever figures you are given, those who relocate need to look for the big items, like income tax, property tax and state and local sales tax rates. Do not forget local occupational taxes for the privilege of working in a particular city, property tax on vehicles and the gas tax, since you will be doing a lot of driving to get up to the mountains. Travelers are stung most by the sales tax. Denverites have the right to vote on every proposed tax increase, which, amazing as it may sound, they approve on a regular basis. Beginning in 2007, the Denver sales tax rate is 7.72%. Restaurants, coffee shops and liquor stores charge 8.1%. There is no tax on groceries. If you are staying in a hotel or renting a car, be prepared to pay 14.85% and 11.35%, respectively.