| Taxes are a fact; therefore, it is advantageous for | | | | southeast Jefferson and Boulder counties |
| everyone to have a general idea of the basic tax | | | | • Regional Transportation District (RTA) taxes in |
| structure and other related aspects. A few aspects of | | | | Carbondale, Basalt, Gunnison County and Glenwood |
| the Colorado State tax laws have been explained | | | | Springs |
| below: | | | | • The counties Boulder, Jefferson, Denver, and |
| In Colorado State, the Income Tax rate is fixed at | | | | portions of Adams, Arapahoe, Broomfield and Douglas |
| 4.63% of the federal taxable income, irrespective of | | | | are affected by the Regional Transportation District |
| income levels. The returns are due on the 15th April, like | | | | (RTD) |
| in the other states. However if the 15th falls on a | | | | The Department of Revenue provides an online rate |
| weekend or holiday, the next business day will be | | | | finder where you can check the tax rates for the |
| deemed to be the last date for filing the tax returns. At | | | | particular city or county. |
| times, an extra day may be provided for the filing and | | | | In Colorado, business properties are taxed. This |
| completion of state tax returns. Taxpayers have | | | | includes furniture, equipment, computers and all other |
| various options to file their returns. The returns may be | | | | items that directly or indirectly help to generate income |
| filed electronically through a system known as NetFile | | | | for business. |
| or they can be filed online. The returns can also be | | | | Property taxes in Colorado are assessed as a |
| filed through the touch-tone telephone by using the | | | | percentage basis depending on the property value. |
| TeleFile System. The NetFile and Telefile options are | | | | The property tax figure can be obtained by multiplying |
| available throughout the tax season for 24 hours a | | | | the assessed value with the local tax rate. |
| day. Most of the taxpayers in Colorado opt for any | | | | Due to changes in Federal Law, Inheritance and estate |
| one of the 3 options to file their returns. | | | | taxes are not applicable to estates of owners who |
| The next most common type of tax is the Sales Tax. | | | | died on or after January 1, 2005. The Colorado state |
| The Sales tax rate fixed at 2.9% of the retail sales. | | | | does not levy gift tax for properties transferred after |
| However, some cities or counties in Colorado may | | | | January 1, 1980. |
| have some additional taxes. Some of the special | | | | Taxpayers in the Colorado state can direct their |
| district taxes are given below: | | | | money to 15 notified funds. The Colorado State does |
| • Cultural Facilities District (CD) | | | | not tax intangible assets like stocks, bonds and bank |
| • Football Stadium District (FD or FTBL) to help build | | | | accounts. |
| Denver Broncos' stadium | | | | Other relevant information regarding taxes in Colorado |
| • Local Improvement District (LID) within parts of | | | | State is available on the State's website. |