Colorado vs South Carolina Taxes: Income, Property & Sales

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

Colorado vs South Carolina Income Tax Comparison

	Colorado	South Carolina
Income Tax Rates & Thresholds	4.40%	0.00%: $0-$3,200 3.00%: $3,201-$16,040 6.50%: $16,041+
Median Income	$89,930	$61,770
Income Tax Paid On Median Household Income	$16,055	$9,230
Income After Tax Based on Median Household Income	$73,875	$52,540

Top Accounting Software:

Colorado vs South Carolina Property Tax Comparison

	Colorado	South Carolina
Average Property Tax Rate	0.40%	0.46%
Average House Price By State	$555,300	$289,791
Average Property Tax Owed Per Year	$2,221	$1,333
Income After Income Taxes & Property Taxes Based On Median State Household Income	$71,654	$51,207

Colorado vs South Carolina Sales Tax Comparison

	Colorado	South Carolina
Average State Sales Tax	2.90%	6.00%
Average Local Sales Tax Across the State	4.87%	1.44%
Average Combined Sales Tax Rate	7.77%	7.44%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$5,166	$3,546
Maximum Disposable Income Based on Median Household Income	$66,488	$47,661

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

	Colorado	South Carolina
Income Tax Owed	$4,271	$4,389
After Tax Income	$35,729	$35,611
Income After Income & Property Tax	$33,508	$34,278
Maximum Disposable Income After Income, Property & Sales Taxes	$31,092	$31,904

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

	Colorado	South Carolina
Income Tax Owed	$8,109	$8,716
After Tax Income	$51,891	$51,284
Income After Income & Property Tax	$49,670	$49,951
Maximum Disposable Income After Income, Property & Sales Taxes	$46,089	$46,492

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

	Colorado	South Carolina
Income Tax Owed	$13,419	$14,516
After Tax Income	$66,581	$65,484
Income After Income & Property Tax	$64,360	$64,151
Maximum Disposable Income After Income, Property & Sales Taxes	$59,720	$59,709

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

	Colorado	South Carolina
Income Tax Owed	$18,729	$20,316
After Tax Income	$81,271	$79,684
Income After Income & Property Tax	$79,050	$78,351
Maximum Disposable Income After Income, Property & Sales Taxes	$73,350	$72,925

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

	Colorado	South Carolina
Income Tax Owed	$11,852	$13,123
After Tax Income	$88,148	$86,877
Income After Income & Property Tax	$85,927	$85,544
Maximum Disposable Income After Income, Property & Sales Taxes	$79,732	$79,620

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

	Colorado	South Carolina
Income Tax Owed	$24,182	$26,678
After Tax Income	$125,818	$123,322
Income After Income & Property Tax	$123,597	$121,989
Maximum Disposable Income After Income, Property & Sales Taxes	$114,686	$113,541

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

	Colorado	South Carolina
Income Tax Owed	$37,457	$41,178
After Tax Income	$162,543	$158,822
Income After Income & Property Tax	$160,322	$157,489
Maximum Disposable Income After Income, Property & Sales Taxes	$148,763	$146,583

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

	Colorado	South Carolina
Income Tax Owed	$51,651	$56,597
After Tax Income	$198,349	$193,403
Income After Income & Property Tax	$196,128	$192,070
Maximum Disposable Income After Income, Property & Sales Taxes	$181,987	$178,770

FAQ

Does Colorado or South Carolina have lower income taxes?

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

Whereas South Carolina’s income tax is the following

• 0.00%: $0-$3,200
• 3.00%: $3,201-$16,040
• 6.50%: $16,041+

Does Colorado or South Carolina have lower property taxes?

Colorado has an average property tax rate of 0.40%

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

Does Colorado or South Carolina 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, South Carolina has a state sales tax rate of 6.00% and an average local rate of 1.44% for a combined total rate of 7.44%.

Do you get to keep more money in Colorado or South Carolina?

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, South Carolina gives you $47,661.

More Comparisons:

Colorado vs Alabama
Colorado vs Louisiana
Colorado vs Kentucky
Colorado vs Oregon
Colorado vs Oklahoma

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/