Colorado vs Nevada Taxes: Income, Property & Sales

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

Colorado vs Nevada Income Tax Comparison

	Colorado	Nevada
Income Tax Rates & Thresholds	4.40%	None
Median Income	$89,930	$72,330
Income Tax Paid On Median Household Income	$16,055	$8,680
Income After Tax Based on Median Household Income	$73,875	$63,650

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Colorado vs Nevada Property Tax Comparison

	Colorado	Nevada
Average Property Tax Rate	0.40%	0.44%
Average House Price By State	$555,300	$431,413
Average Property Tax Owed Per Year	$2,221	$1,898
Income After Income Taxes & Property Taxes Based On Median State Household Income	$71,654	$61,752

Colorado vs Nevada Sales Tax Comparison

	Colorado	Nevada
Average State Sales Tax	2.90%	6.85%
Average Local Sales Tax Across the State	4.87%	1.38%
Average Combined Sales Tax Rate	7.77%	8.23%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$5,166	$4,696
Maximum Disposable Income Based on Median Household Income	$66,488	$57,056

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

	Colorado	Nevada
Income Tax Owed	$4,271	$3,040
After Tax Income	$35,729	$36,960
Income After Income & Property Tax	$33,508	$35,062
Maximum Disposable Income After Income, Property & Sales Taxes	$31,092	$32,396

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

	Colorado	Nevada
Income Tax Owed	$8,109	$5,968
After Tax Income	$51,891	$54,032
Income After Income & Property Tax	$49,670	$52,134
Maximum Disposable Income After Income, Property & Sales Taxes	$46,089	$48,169

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

	Colorado	Nevada
Income Tax Owed	$13,419	$10,368
After Tax Income	$66,581	$69,632
Income After Income & Property Tax	$64,360	$67,734
Maximum Disposable Income After Income, Property & Sales Taxes	$59,720	$62,583

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

	Colorado	Nevada
Income Tax Owed	$18,729	$14,768
After Tax Income	$81,271	$85,232
Income After Income & Property Tax	$79,050	$83,334
Maximum Disposable Income After Income, Property & Sales Taxes	$73,350	$76,997

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

	Colorado	Nevada
Income Tax Owed	$11,852	$8,481
After Tax Income	$88,148	$91,519
Income After Income & Property Tax	$85,927	$89,621
Maximum Disposable Income After Income, Property & Sales Taxes	$79,732	$82,806

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

	Colorado	Nevada
Income Tax Owed	$24,182	$18,536
After Tax Income	$125,818	$131,464
Income After Income & Property Tax	$123,597	$129,566
Maximum Disposable Income After Income, Property & Sales Taxes	$114,686	$119,713

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

	Colorado	Nevada
Income Tax Owed	$37,457	$29,536
After Tax Income	$162,543	$170,464
Income After Income & Property Tax	$160,322	$168,566
Maximum Disposable Income After Income, Property & Sales Taxes	$148,763	$155,748

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

	Colorado	Nevada
Income Tax Owed	$51,651	$41,455
After Tax Income	$198,349	$208,545
Income After Income & Property Tax	$196,128	$206,647
Maximum Disposable Income After Income, Property & Sales Taxes	$181,987	$190,933

FAQ

Does Colorado or Nevada have lower income taxes?

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

Whereas Nevada’s income tax is the following None

Does Colorado or Nevada have lower property taxes?

Colorado has an average property tax rate of 0.40%

In comparison, Nevada has an average property tax rate of 0.44%

Does Colorado or Nevada 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, Nevada has a state sales tax rate of 6.85% and an average local rate of 1.38% for a combined total rate of 8.23%.

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

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, Nevada gives you $57,056.

More Comparisons:

Colorado vs Arkansas
Colorado vs Mississippi
Colorado vs Kansas
Colorado vs New Mexico
Colorado vs Nebraska

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/