Colorado vs Idaho Taxes: Income, Property & Sales

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

Colorado vs Idaho Income Tax Comparison

	Colorado	Idaho
Income Tax Rates & Thresholds	4.40%	1.00%: $0-$1,662 3.00%: $1,663-$4,987 4.50%: $4,988-$8,311 6.00%: $8,312+
Median Income	$89,930	$72,580
Income Tax Paid On Median Household Income	$16,055	$13,701
Income After Tax Based on Median Household Income	$73,875	$58,879

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Colorado vs Idaho Property Tax Comparison

	Colorado	Idaho
Average Property Tax Rate	0.40%	0.46%
Average House Price By State	$555,300	$443,638
Average Property Tax Owed Per Year	$2,221	$2,041
Income After Income Taxes & Property Taxes Based On Median State Household Income	$71,654	$56,838

Colorado vs Idaho Sales Tax Comparison

	Colorado	Idaho
Average State Sales Tax	2.90%	6.00%
Average Local Sales Tax Across the State	4.87%	0.02%
Average Combined Sales Tax Rate	7.77%	6.02%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$5,166	$3,227
Maximum Disposable Income Based on Median Household Income	$66,488	$53,611

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

	Colorado	Idaho
Income Tax Owed	$4,271	$4,441
After Tax Income	$35,729	$35,559
Income After Income & Property Tax	$33,508	$33,518
Maximum Disposable Income After Income, Property & Sales Taxes	$31,092	$31,615

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

	Colorado	Idaho
Income Tax Owed	$8,109	$8,568
After Tax Income	$51,891	$51,432
Income After Income & Property Tax	$49,670	$49,391
Maximum Disposable Income After Income, Property & Sales Taxes	$46,089	$46,587

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

	Colorado	Idaho
Income Tax Owed	$13,419	$14,168
After Tax Income	$66,581	$65,832
Income After Income & Property Tax	$64,360	$63,791
Maximum Disposable Income After Income, Property & Sales Taxes	$59,720	$60,169

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

	Colorado	Idaho
Income Tax Owed	$18,729	$19,768
After Tax Income	$81,271	$80,232
Income After Income & Property Tax	$79,050	$78,191
Maximum Disposable Income After Income, Property & Sales Taxes	$73,350	$73,751

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

	Colorado	Idaho
Income Tax Owed	$11,852	$12,482
After Tax Income	$88,148	$87,518
Income After Income & Property Tax	$85,927	$85,477
Maximum Disposable Income After Income, Property & Sales Taxes	$79,732	$80,624

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

	Colorado	Idaho
Income Tax Owed	$24,182	$25,537
After Tax Income	$125,818	$124,463
Income After Income & Property Tax	$123,597	$122,422
Maximum Disposable Income After Income, Property & Sales Taxes	$114,686	$115,471

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

	Colorado	Idaho
Income Tax Owed	$37,457	$39,537
After Tax Income	$162,543	$160,463
Income After Income & Property Tax	$160,322	$158,422
Maximum Disposable Income After Income, Property & Sales Taxes	$148,763	$149,427

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

	Colorado	Idaho
Income Tax Owed	$51,651	$54,456
After Tax Income	$198,349	$195,544
Income After Income & Property Tax	$196,128	$193,503
Maximum Disposable Income After Income, Property & Sales Taxes	$181,987	$182,516

FAQ

Does Colorado or Idaho have lower income taxes?

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

Whereas Idaho’s income tax is the following

• 1.00%: $0-$1,662
• 3.00%: $1,663-$4,987
• 4.50%: $4,988-$8,311
• 6.00%: $8,312+

Does Colorado or Idaho have lower property taxes?

Colorado has an average property tax rate of 0.40%

In comparison, Idaho has an average property tax rate of 0.46%

Does Colorado or Idaho 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, Idaho has a state sales tax rate of 6.00% and an average local rate of 0.02% for a combined total rate of 6.02%.

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

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, Idaho gives you $53,611.

More Comparisons:

Colorado vs West Virginia
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Colorado vs New Hampshire
Colorado vs Maine
Colorado vs Montana

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/