Colorado vs Oklahoma Taxes: Income, Property & Sales

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

Colorado vs Oklahoma Income Tax Comparison

	Colorado	Oklahoma
Income Tax Rates & Thresholds	4.40%	0.25%: $0-$1,000 0.75%: $1,001-$2,500 1.75%: $2,501-$3,750 2.75%: $3,751-$4,900 3.75%: $4,901-$7,200 4.75%: $7,201+
Median Income	$89,930	$63,440
Income Tax Paid On Median Household Income	$16,055	$9,200
Income After Tax Based on Median Household Income	$73,875	$54,240

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Colorado vs Oklahoma Property Tax Comparison

	Colorado	Oklahoma
Average Property Tax Rate	0.40%	0.76%
Average House Price By State	$555,300	$200,203
Average Property Tax Owed Per Year	$2,221	$1,522
Income After Income Taxes & Property Taxes Based On Median State Household Income	$71,654	$52,718

Colorado vs Oklahoma Sales Tax Comparison

	Colorado	Oklahoma
Average State Sales Tax	2.90%	4.50%
Average Local Sales Tax Across the State	4.87%	4.47%
Average Combined Sales Tax Rate	7.77%	8.97%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$5,166	$4,340
Maximum Disposable Income Based on Median Household Income	$66,488	$48,379

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

	Colorado	Oklahoma
Income Tax Owed	$4,271	$4,403
After Tax Income	$35,729	$35,597
Income After Income & Property Tax	$33,508	$34,075
Maximum Disposable Income After Income, Property & Sales Taxes	$31,092	$31,270

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

	Colorado	Oklahoma
Income Tax Owed	$8,109	$8,280
After Tax Income	$51,891	$51,720
Income After Income & Property Tax	$49,670	$50,198
Maximum Disposable Income After Income, Property & Sales Taxes	$46,089	$46,066

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

	Colorado	Oklahoma
Income Tax Owed	$13,419	$13,630
After Tax Income	$66,581	$66,370
Income After Income & Property Tax	$64,360	$64,848
Maximum Disposable Income After Income, Property & Sales Taxes	$59,720	$59,510

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

	Colorado	Oklahoma
Income Tax Owed	$18,729	$18,980
After Tax Income	$81,271	$81,020
Income After Income & Property Tax	$79,050	$79,498
Maximum Disposable Income After Income, Property & Sales Taxes	$73,350	$72,954

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

	Colorado	Oklahoma
Income Tax Owed	$11,852	$12,178
After Tax Income	$88,148	$87,822
Income After Income & Property Tax	$85,927	$86,300
Maximum Disposable Income After Income, Property & Sales Taxes	$79,732	$79,197

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

	Colorado	Oklahoma
Income Tax Owed	$24,182	$24,608
After Tax Income	$125,818	$125,392
Income After Income & Property Tax	$123,597	$123,870
Maximum Disposable Income After Income, Property & Sales Taxes	$114,686	$113,674

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

	Colorado	Oklahoma
Income Tax Owed	$37,457	$37,983
After Tax Income	$162,543	$162,017
Income After Income & Property Tax	$160,322	$160,495
Maximum Disposable Income After Income, Property & Sales Taxes	$148,763	$147,284

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

	Colorado	Oklahoma
Income Tax Owed	$51,651	$52,277
After Tax Income	$198,349	$197,723
Income After Income & Property Tax	$196,128	$196,201
Maximum Disposable Income After Income, Property & Sales Taxes	$181,987	$180,051

FAQ

Does Colorado or Oklahoma have lower income taxes?

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

Whereas Oklahoma’s income tax is the following

• 0.25%: $0-$1,000
• 0.75%: $1,001-$2,500
• 1.75%: $2,501-$3,750
• 2.75%: $3,751-$4,900
• 3.75%: $4,901-$7,200
• 4.75%: $7,201+

Does Colorado or Oklahoma have lower property taxes?

Colorado has an average property tax rate of 0.40%

In comparison, Oklahoma has an average property tax rate of 0.76%

Does Colorado or Oklahoma 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, Oklahoma has a state sales tax rate of 4.50% and an average local rate of 4.47% for a combined total rate of 8.97%.

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

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, Oklahoma gives you $48,379.

More Comparisons:

Colorado vs Connecticut
Colorado vs Utah
Colorado vs Iowa
Colorado vs Nevada
Colorado vs Arkansas

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/