Indiana vs Colorado Taxes: Income, Property & Sales

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

Indiana vs Colorado Income Tax Comparison

	Indiana	Colorado
Income Tax Rates & Thresholds	3.23%	4.40%
Median Income	$70,030	$89,930
Income Tax Paid On Median Household Income	$10,404	$16,055
Income After Tax Based on Median Household Income	$59,626	$73,875

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Indiana vs Colorado Property Tax Comparison

	Indiana	Colorado
Average Property Tax Rate	0.74%	0.40%
Average House Price By State	$232,390	$555,300
Average Property Tax Owed Per Year	$1,720	$2,221
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,906	$71,654

Indiana vs Colorado Sales Tax Comparison

	Indiana	Colorado
Average State Sales Tax	7.00%	2.90%
Average Local Sales Tax Across the State	0.00%	4.87%
Average Combined Sales Tax Rate	7.00%	7.77%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,788	$5,166
Maximum Disposable Income Based on Median Household Income	$54,118	$66,488

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

	Indiana	Colorado
Income Tax Owed	$4,300	$4,271
After Tax Income	$35,700	$35,729
Income After Income & Property Tax	$33,980	$33,508
Maximum Disposable Income After Income, Property & Sales Taxes	$31,757	$31,092

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

	Indiana	Colorado
Income Tax Owed	$7,873	$8,109
After Tax Income	$52,127	$51,891
Income After Income & Property Tax	$50,407	$49,670
Maximum Disposable Income After Income, Property & Sales Taxes	$47,110	$46,089

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

	Indiana	Colorado
Income Tax Owed	$12,919	$13,419
After Tax Income	$67,081	$66,581
Income After Income & Property Tax	$65,361	$64,360
Maximum Disposable Income After Income, Property & Sales Taxes	$61,085	$59,720

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

	Indiana	Colorado
Income Tax Owed	$17,965	$18,729
After Tax Income	$82,035	$81,271
Income After Income & Property Tax	$80,315	$79,050
Maximum Disposable Income After Income, Property & Sales Taxes	$75,061	$73,350

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

	Indiana	Colorado
Income Tax Owed	$11,646	$11,852
After Tax Income	$88,354	$88,148
Income After Income & Property Tax	$86,634	$85,927
Maximum Disposable Income After Income, Property & Sales Taxes	$80,967	$79,732

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

	Indiana	Colorado
Income Tax Owed	$23,316	$24,182
After Tax Income	$126,684	$125,818
Income After Income & Property Tax	$124,964	$123,597
Maximum Disposable Income After Income, Property & Sales Taxes	$116,789	$114,686

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

	Indiana	Colorado
Income Tax Owed	$35,931	$37,457
After Tax Income	$164,069	$162,543
Income After Income & Property Tax	$162,349	$160,322
Maximum Disposable Income After Income, Property & Sales Taxes	$151,728	$148,763

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

	Indiana	Colorado
Income Tax Owed	$49,465	$51,651
After Tax Income	$200,535	$198,349
Income After Income & Property Tax	$198,815	$196,128
Maximum Disposable Income After Income, Property & Sales Taxes	$185,809	$181,987

FAQ

Does Indiana or Colorado have lower income taxes?

Indiana’s income tax falls into the following range: 3.23%

Whereas Colorado’s income tax is the following 4.40%

Does Indiana or Colorado have lower property taxes?

Indiana has an average property tax rate of 0.74%

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

Does Indiana or Colorado have lower sales taxes?

Indiana has a state sales tax rate of 7.00% and an average local rate of 0.00% for a combined total rate of 7.00%.

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 Indiana or Colorado?

Based on median household income after income, property and sales taxes Indiana gives you a maximum amount of disposable income of $54,118

In comparison, Colorado gives you $66,488.

More Comparisons:

Indiana vs Minnesota
Indiana vs South Carolina
Indiana vs Alabama
Indiana vs Louisiana
Indiana 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/