Georgia vs Colorado Taxes: Income, Property & Sales

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

Georgia vs Colorado Income Tax Comparison

	Georgia	Colorado
Income Tax Rates & Thresholds	1.00%: $0-$750 2.00%: $751-$2,250 3.00%: $2,251-$3,750 4.00%: $3,751-$5,250 5.00%: $5,251-$7,000 5.75%: $7,000+	4.40%
Median Income	$67,730	$89,930
Income Tax Paid On Median Household Income	$10,971	$16,055
Income After Tax Based on Median Household Income	$56,759	$73,875

Top Accounting Software:

Georgia vs Colorado Property Tax Comparison

	Georgia	Colorado
Average Property Tax Rate	0.70%	0.40%
Average House Price By State	$320,437	$555,300
Average Property Tax Owed Per Year	$2,243	$2,221
Income After Income Taxes & Property Taxes Based On Median State Household Income	$54,516	$71,654

Georgia vs Colorado Sales Tax Comparison

	Georgia	Colorado
Average State Sales Tax	4.00%	2.90%
Average Local Sales Tax Across the State	3.35%	4.87%
Average Combined Sales Tax Rate	7.35%	7.77%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,733	$5,166
Maximum Disposable Income Based on Median Household Income	$50,783	$66,488

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

	Georgia	Colorado
Income Tax Owed	$4,748	$4,271
After Tax Income	$35,252	$35,729
Income After Income & Property Tax	$33,009	$33,508
Maximum Disposable Income After Income, Property & Sales Taxes	$30,749	$31,092

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

	Georgia	Colorado
Income Tax Owed	$8,826	$8,109
After Tax Income	$51,174	$51,891
Income After Income & Property Tax	$48,931	$49,670
Maximum Disposable Income After Income, Property & Sales Taxes	$45,581	$46,089

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

	Georgia	Colorado
Income Tax Owed	$14,376	$13,419
After Tax Income	$65,624	$66,581
Income After Income & Property Tax	$63,381	$64,360
Maximum Disposable Income After Income, Property & Sales Taxes	$59,041	$59,720

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

	Georgia	Colorado
Income Tax Owed	$19,926	$18,729
After Tax Income	$80,074	$81,271
Income After Income & Property Tax	$77,831	$79,050
Maximum Disposable Income After Income, Property & Sales Taxes	$72,502	$73,350

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

	Georgia	Colorado
Income Tax Owed	$13,225	$11,852
After Tax Income	$86,775	$88,148
Income After Income & Property Tax	$84,532	$85,927
Maximum Disposable Income After Income, Property & Sales Taxes	$78,744	$79,732

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

	Georgia	Colorado
Income Tax Owed	$26,155	$24,182
After Tax Income	$123,845	$125,818
Income After Income & Property Tax	$121,602	$123,597
Maximum Disposable Income After Income, Property & Sales Taxes	$113,276	$114,686

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

	Georgia	Colorado
Income Tax Owed	$40,030	$37,457
After Tax Income	$159,970	$162,543
Income After Income & Property Tax	$157,727	$160,322
Maximum Disposable Income After Income, Property & Sales Taxes	$146,928	$148,763

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

	Georgia	Colorado
Income Tax Owed	$54,824	$51,651
After Tax Income	$195,176	$198,349
Income After Income & Property Tax	$192,933	$196,128
Maximum Disposable Income After Income, Property & Sales Taxes	$179,723	$181,987

FAQ

Does Georgia or Colorado have lower income taxes?

Georgia’s income tax falls into the following range:

• 1.00%: $0-$750
• 2.00%: $751-$2,250
• 3.00%: $2,251-$3,750
• 4.00%: $3,751-$5,250
• 5.00%: $5,251-$7,000
• 5.75%: $7,000+

Whereas Colorado’s income tax is the following 4.40%

Does Georgia or Colorado have lower property taxes?

Georgia has an average property tax rate of 0.70%

In comparison, Colorado has an average property tax rate of 0.40%

Does Georgia or Colorado have lower sales taxes?

Georgia has a state sales tax rate of 4.00% and an average local rate of 3.35% for a combined total rate of 7.35%.

In contrast, 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%.

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

Based on median household income after income, property and sales taxes Georgia gives you a maximum amount of disposable income of $50,783

In comparison, Colorado gives you $66,488.

More Comparisons:

Georgia vs Minnesota
Georgia vs South Carolina
Georgia vs Alabama
Georgia vs Louisiana
Georgia vs Kentucky

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/