Colorado vs Montana Taxes: Income, Property & Sales

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

Colorado vs Montana Income Tax Comparison

	Colorado	Montana
Income Tax Rates & Thresholds	4.40%	1.00%: $0-$3,300 2.00%: $3,301-$5,800 3.00%: $5,801-$8,900 4.00%: $8,901-$12,000 5.00%: $12,001-$15,400 6.00%: $15,401-$19,800 6.75%: $19,801+
Median Income	$89,930	$72,980
Income Tax Paid On Median Household Income	$16,055	$12,678
Income After Tax Based on Median Household Income	$73,875	$60,302

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Colorado vs Montana Property Tax Comparison

	Colorado	Montana
Average Property Tax Rate	0.40%	0.65%
Average House Price By State	$555,300	$447,845
Average Property Tax Owed Per Year	$2,221	$2,911
Income After Income Taxes & Property Taxes Based On Median State Household Income	$71,654	$57,391

Colorado vs Montana Sales Tax Comparison

	Colorado	Montana
Average State Sales Tax	2.90%	0.00%
Average Local Sales Tax Across the State	4.87%	0.00%
Average Combined Sales Tax Rate	7.77%	0.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$5,166	$0
Maximum Disposable Income Based on Median Household Income	$66,488	$57,391

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

	Colorado	Montana
Income Tax Owed	$4,271	$4,669
After Tax Income	$35,729	$35,331
Income After Income & Property Tax	$33,508	$32,420
Maximum Disposable Income After Income, Property & Sales Taxes	$31,092	$32,420

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

	Colorado	Montana
Income Tax Owed	$8,109	$8,947
After Tax Income	$51,891	$51,053
Income After Income & Property Tax	$49,670	$48,142
Maximum Disposable Income After Income, Property & Sales Taxes	$46,089	$48,142

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

	Colorado	Montana
Income Tax Owed	$13,419	$14,697
After Tax Income	$66,581	$65,303
Income After Income & Property Tax	$64,360	$62,392
Maximum Disposable Income After Income, Property & Sales Taxes	$59,720	$62,392

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

	Colorado	Montana
Income Tax Owed	$18,729	$20,447
After Tax Income	$81,271	$79,553
Income After Income & Property Tax	$79,050	$76,642
Maximum Disposable Income After Income, Property & Sales Taxes	$73,350	$76,642

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

	Colorado	Montana
Income Tax Owed	$11,852	$13,660
After Tax Income	$88,148	$86,340
Income After Income & Property Tax	$85,927	$83,429
Maximum Disposable Income After Income, Property & Sales Taxes	$79,732	$83,429

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

	Colorado	Montana
Income Tax Owed	$24,182	$27,089
After Tax Income	$125,818	$122,911
Income After Income & Property Tax	$123,597	$120,000
Maximum Disposable Income After Income, Property & Sales Taxes	$114,686	$120,000

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

	Colorado	Montana
Income Tax Owed	$37,457	$41,464
After Tax Income	$162,543	$158,536
Income After Income & Property Tax	$160,322	$155,625
Maximum Disposable Income After Income, Property & Sales Taxes	$148,763	$155,625

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

	Colorado	Montana
Income Tax Owed	$51,651	$56,758
After Tax Income	$198,349	$193,242
Income After Income & Property Tax	$196,128	$190,331
Maximum Disposable Income After Income, Property & Sales Taxes	$181,987	$190,331

FAQ

Does Colorado or Montana have lower income taxes?

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

Whereas Montana’s income tax is the following

• 1.00%: $0-$3,300
• 2.00%: $3,301-$5,800
• 3.00%: $5,801-$8,900
• 4.00%: $8,901-$12,000
• 5.00%: $12,001-$15,400
• 6.00%: $15,401-$19,800
• 6.75%: $19,801+

Does Colorado or Montana have lower property taxes?

Colorado has an average property tax rate of 0.40%

In comparison, Montana has an average property tax rate of 0.65%

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

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

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, Montana gives you $57,391.

More Comparisons:

Colorado vs Rhode Island
Colorado vs Delaware
Colorado vs South Dakota
Colorado vs North Dakota
Colorado vs Alaska

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/