Massachusetts vs Colorado Taxes: Income, Property & Sales

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

Massachusetts vs Colorado Income Tax Comparison

	Massachusetts	Colorado
Income Tax Rates & Thresholds	5.00%	4.40%
Median Income	$93,550	$89,930
Income Tax Paid On Median Household Income	$17,806	$16,055
Income After Tax Based on Median Household Income	$75,744	$73,875

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Massachusetts vs Colorado Property Tax Comparison

	Massachusetts	Colorado
Average Property Tax Rate	0.94%	0.40%
Average House Price By State	$608,542	$555,300
Average Property Tax Owed Per Year	$5,720	$2,221
Income After Income Taxes & Property Taxes Based On Median State Household Income	$70,024	$71,654

Massachusetts vs Colorado Sales Tax Comparison

	Massachusetts	Colorado
Average State Sales Tax	6.25%	2.90%
Average Local Sales Tax Across the State	0.00%	4.87%
Average Combined Sales Tax Rate	6.25%	7.77%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,119	$5,166
Maximum Disposable Income Based on Median Household Income	$65,905	$66,488

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

	Massachusetts	Colorado
Income Tax Owed	$4,820	$4,271
After Tax Income	$35,180	$35,729
Income After Income & Property Tax	$29,460	$33,508
Maximum Disposable Income After Income, Property & Sales Taxes	$27,727	$31,092

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

	Massachusetts	Colorado
Income Tax Owed	$8,748	$8,109
After Tax Income	$51,252	$51,891
Income After Income & Property Tax	$45,532	$49,670
Maximum Disposable Income After Income, Property & Sales Taxes	$42,853	$46,089

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

	Massachusetts	Colorado
Income Tax Owed	$14,148	$13,419
After Tax Income	$65,852	$66,581
Income After Income & Property Tax	$60,132	$64,360
Maximum Disposable Income After Income, Property & Sales Taxes	$56,595	$59,720

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

	Massachusetts	Colorado
Income Tax Owed	$19,548	$18,729
After Tax Income	$80,452	$81,271
Income After Income & Property Tax	$74,732	$79,050
Maximum Disposable Income After Income, Property & Sales Taxes	$70,336	$73,350

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

	Massachusetts	Colorado
Income Tax Owed	$13,041	$11,852
After Tax Income	$86,959	$88,148
Income After Income & Property Tax	$81,239	$85,927
Maximum Disposable Income After Income, Property & Sales Taxes	$76,460	$79,732

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

	Massachusetts	Colorado
Income Tax Owed	$25,596	$24,182
After Tax Income	$124,404	$125,818
Income After Income & Property Tax	$118,684	$123,597
Maximum Disposable Income After Income, Property & Sales Taxes	$111,702	$114,686

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

	Massachusetts	Colorado
Income Tax Owed	$39,096	$37,457
After Tax Income	$160,904	$162,543
Income After Income & Property Tax	$155,184	$160,322
Maximum Disposable Income After Income, Property & Sales Taxes	$146,055	$148,763

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

	Massachusetts	Colorado
Income Tax Owed	$53,515	$51,651
After Tax Income	$196,485	$198,349
Income After Income & Property Tax	$190,765	$196,128
Maximum Disposable Income After Income, Property & Sales Taxes	$179,543	$181,987

FAQ

Does Massachusetts or Colorado have lower income taxes?

Massachusetts’s income tax falls into the following range: 5.00%

Whereas Colorado’s income tax is the following 4.40%

Does Massachusetts or Colorado have lower property taxes?

Massachusetts has an average property tax rate of 0.94%

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

Does Massachusetts or Colorado have lower sales taxes?

Massachusetts has a state sales tax rate of 6.25% and an average local rate of 0.00% for a combined total rate of 6.25%.

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 Massachusetts or Colorado?

Based on median household income after income, property and sales taxes Massachusetts gives you a maximum amount of disposable income of $65,905

In comparison, Colorado gives you $66,488.

More Comparisons:

Massachusetts vs Minnesota
Massachusetts vs South Carolina
Massachusetts vs Alabama
Massachusetts vs Louisiana
Massachusetts 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/