Colorado vs Kentucky Taxes: Income, Property & Sales

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

Colorado vs Kentucky Income Tax Comparison

	Colorado	Kentucky
Income Tax Rates & Thresholds	4.40%	5.00%
Median Income	$89,930	$55,880
Income Tax Paid On Median Household Income	$16,055	$7,680
Income After Tax Based on Median Household Income	$73,875	$48,200

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Colorado vs Kentucky Property Tax Comparison

	Colorado	Kentucky
Average Property Tax Rate	0.40%	0.60%
Average House Price By State	$555,300	$201,033
Average Property Tax Owed Per Year	$2,221	$1,206
Income After Income Taxes & Property Taxes Based On Median State Household Income	$71,654	$46,994

Colorado vs Kentucky Sales Tax Comparison

	Colorado	Kentucky
Average State Sales Tax	2.90%	6.00%
Average Local Sales Tax Across the State	4.87%	0.00%
Average Combined Sales Tax Rate	7.77%	6.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$5,166	$2,660
Maximum Disposable Income Based on Median Household Income	$66,488	$44,334

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

	Colorado	Kentucky
Income Tax Owed	$4,271	$4,865
After Tax Income	$35,729	$35,135
Income After Income & Property Tax	$33,508	$33,929
Maximum Disposable Income After Income, Property & Sales Taxes	$31,092	$32,008

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

	Colorado	Kentucky
Income Tax Owed	$8,109	$8,793
After Tax Income	$51,891	$51,207
Income After Income & Property Tax	$49,670	$50,001
Maximum Disposable Income After Income, Property & Sales Taxes	$46,089	$47,171

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

	Colorado	Kentucky
Income Tax Owed	$13,419	$14,193
After Tax Income	$66,581	$65,807
Income After Income & Property Tax	$64,360	$64,601
Maximum Disposable Income After Income, Property & Sales Taxes	$59,720	$60,944

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

	Colorado	Kentucky
Income Tax Owed	$18,729	$19,593
After Tax Income	$81,271	$80,407
Income After Income & Property Tax	$79,050	$79,201
Maximum Disposable Income After Income, Property & Sales Taxes	$73,350	$74,718

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

	Colorado	Kentucky
Income Tax Owed	$11,852	$13,081
After Tax Income	$88,148	$86,919
Income After Income & Property Tax	$85,927	$85,713
Maximum Disposable Income After Income, Property & Sales Taxes	$79,732	$80,861

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

	Colorado	Kentucky
Income Tax Owed	$24,182	$25,636
After Tax Income	$125,818	$124,364
Income After Income & Property Tax	$123,597	$123,158
Maximum Disposable Income After Income, Property & Sales Taxes	$114,686	$116,187

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

	Colorado	Kentucky
Income Tax Owed	$37,457	$39,136
After Tax Income	$162,543	$160,864
Income After Income & Property Tax	$160,322	$159,658
Maximum Disposable Income After Income, Property & Sales Taxes	$148,763	$150,621

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

	Colorado	Kentucky
Income Tax Owed	$51,651	$53,555
After Tax Income	$198,349	$196,445
Income After Income & Property Tax	$196,128	$195,239
Maximum Disposable Income After Income, Property & Sales Taxes	$181,987	$184,188

FAQ

Does Colorado or Kentucky have lower income taxes?

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

Whereas Kentucky’s income tax is the following 5.00%

Does Colorado or Kentucky have lower property taxes?

Colorado has an average property tax rate of 0.40%

In comparison, Kentucky has an average property tax rate of 0.60%

Does Colorado or Kentucky 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, Kentucky has a state sales tax rate of 6.00% and an average local rate of 0.00% for a combined total rate of 6.00%.

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

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, Kentucky gives you $44,334.

More Comparisons:

Colorado vs Oregon
Colorado vs Oklahoma
Colorado vs Connecticut
Colorado vs Utah
Colorado vs Iowa

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/