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Tax Summary
- Colorado assesses a flat income tax of 4.63%.
- There are no personal exemptions in Colorado.
- Sales tax in Colorado is 2.9%, although some cities add their own city sales taxes as well.
- Most services are not taxed in Colorado. Exceptions are hotel rooms and utilities such as gas, electric and telephone service.
- Property taxes are determined by county assessors based on a market, cost or income approach. Personal property for business, such as computers and office equipment, are also taxable.
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