Colorado vs Connecticut Taxes: Income, Property & Sales

Does Colorado or Connecticut have lower taxes? We answer that in a variety of ways below:

Colorado vs Connecticut Income Tax Comparison

	Colorado	Connecticut
Income Tax Rates & Thresholds	4.40%	3.00%: $0-$10,000 5.00%: $10,000-$50,000 5.50%: $50,001-$100,000 6.00%: $100,001-$200,000 6.50%: $200,001-$250,000 6.90%: $250,001-$500,000 6.99%: $500,001+
Median Income	$89,930	$90,730
Income Tax Paid On Median Household Income	$16,055	$16,444
Income After Tax Based on Median Household Income	$73,875	$74,286

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Colorado vs Connecticut Property Tax Comparison

	Colorado	Connecticut
Average Property Tax Rate	0.40%	1.57%
Average House Price By State	$555,300	$401,285
Average Property Tax Owed Per Year	$2,221	$6,300
Income After Income Taxes & Property Taxes Based On Median State Household Income	$71,654	$67,986

Colorado vs Connecticut Sales Tax Comparison

	Colorado	Connecticut
Average State Sales Tax	2.90%	6.35%
Average Local Sales Tax Across the State	4.87%	0.00%
Average Combined Sales Tax Rate	7.77%	6.35%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$5,166	$4,059
Maximum Disposable Income Based on Median Household Income	$66,488	$63,926

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Colorado	Connecticut
Income Tax Owed	$4,271	$4,090
After Tax Income	$35,729	$35,910
Income After Income & Property Tax	$33,508	$29,610
Maximum Disposable Income After Income, Property & Sales Taxes	$31,092	$27,842

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Colorado	Connecticut
Income Tax Owed	$8,109	$8,018
After Tax Income	$51,891	$51,982
Income After Income & Property Tax	$49,670	$45,682
Maximum Disposable Income After Income, Property & Sales Taxes	$46,089	$42,954

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Colorado	Connecticut
Income Tax Owed	$13,419	$13,493
After Tax Income	$66,581	$66,507
Income After Income & Property Tax	$64,360	$60,207
Maximum Disposable Income After Income, Property & Sales Taxes	$59,720	$56,612

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Colorado	Connecticut
Income Tax Owed	$18,729	$18,993
After Tax Income	$81,271	$81,007
Income After Income & Property Tax	$79,050	$74,707
Maximum Disposable Income After Income, Property & Sales Taxes	$73,350	$70,246

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Colorado	Connecticut
Income Tax Owed	$11,852	$11,881
After Tax Income	$88,148	$88,119
Income After Income & Property Tax	$85,927	$81,819
Maximum Disposable Income After Income, Property & Sales Taxes	$79,732	$76,934

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Colorado	Connecticut
Income Tax Owed	$24,182	$24,566
After Tax Income	$125,818	$125,434
Income After Income & Property Tax	$123,597	$119,134
Maximum Disposable Income After Income, Property & Sales Taxes	$114,686	$112,021

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Colorado	Connecticut
Income Tax Owed	$37,457	$38,316
After Tax Income	$162,543	$161,684
Income After Income & Property Tax	$160,322	$155,384
Maximum Disposable Income After Income, Property & Sales Taxes	$148,763	$146,106

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Colorado	Connecticut
Income Tax Owed	$51,651	$53,115
After Tax Income	$198,349	$196,885
Income After Income & Property Tax	$196,128	$190,585
Maximum Disposable Income After Income, Property & Sales Taxes	$181,987	$179,205

FAQ

Does Colorado or Connecticut have lower income taxes?

Colorado’s income tax falls into the following range: 4.40%

Whereas Connecticut’s income tax is the following

• 3.00%: $0-$10,000
• 5.00%: $10,000-$50,000
• 5.50%: $50,001-$100,000
• 6.00%: $100,001-$200,000
• 6.50%: $200,001-$250,000
• 6.90%: $250,001-$500,000
• 6.99%: $500,001+

Does Colorado or Connecticut have lower property taxes?

Colorado has an average property tax rate of 0.40%

In comparison, Connecticut has an average property tax rate of 1.57%

Does Colorado or Connecticut have lower sales taxes?

Colorado has a state sales tax rate of 2.90% and an average local rate of 4.87% for a combined total rate of 7.77%.

In contrast, Connecticut has a state sales tax rate of 6.35% and an average local rate of 0.00% for a combined total rate of 6.35%.

Do you get to keep more money in Colorado or Connecticut?

Based on median household income after income, property and sales taxes Colorado gives you a maximum amount of disposable income of $66,488

In comparison, Connecticut gives you $63,926.

More Comparisons:

Colorado vs Utah
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Colorado vs Nevada
Colorado vs Arkansas
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Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/