Taxes in Colorado
All Colorado Hotels has not forget about the ones who think about moving to Colorado and, for this, a crucial thing to know concerns the taxes that a resident should pay there, so check out the list below:
State Sales Tax: 2.9% (food and prescription drugs exempt); in some cities there are some complementary taxes that are added to this percentage but the total could no be higher than 9.9%.
Gasoline Tax: 22 cents/gallon
Diesel Fuel Tax: 20.5 cents/gallon
Cigarette Tax: 84 cents/pack of 20
Personal Income Taxes
All taxpayers: 4.63% of Federal taxable income
Personal Exemptions/Credits: Federal amounts are automatically adopted.
Standard Deduction: None
Medical/Dental Deduction: Federal amount
Tax Deduction: None
VA Disability Dependency and Indemnity Compensation: VA benefits are not taxable because they generally are for disabilities and are not subject to federal or state taxes.
The property taxes on real estate are assessed at 7.96% of the property's actual value