Virginia vs Colorado Taxes: Income, Property & Sales

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

Virginia vs Colorado Income Tax Comparison

	Virginia	Colorado
Income Tax Rates & Thresholds	2.00%: $0-$3,000 3.00%: $3,001-$5,000 5.00%: $5,001-$17,000 5.75%: $17,001+	4.40%
Median Income	$85,170	$89,930
Income Tax Paid On Median Household Income	$15,833	$16,055
Income After Tax Based on Median Household Income	$69,337	$73,875

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Virginia vs Colorado Property Tax Comparison

	Virginia	Colorado
Average Property Tax Rate	0.72%	0.40%
Average House Price By State	$376,931	$555,300
Average Property Tax Owed Per Year	$2,714	$2,221
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,623	$71,654

Virginia vs Colorado Sales Tax Comparison

	Virginia	Colorado
Average State Sales Tax	5.30%	2.90%
Average Local Sales Tax Across the State	0.45%	4.87%
Average Combined Sales Tax Rate	5.75%	7.77%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,623	$5,166
Maximum Disposable Income Based on Median Household Income	$63,001	$66,488

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

	Virginia	Colorado
Income Tax Owed	$4,771	$4,271
After Tax Income	$35,229	$35,729
Income After Income & Property Tax	$32,515	$33,508
Maximum Disposable Income After Income, Property & Sales Taxes	$30,747	$31,092

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

	Virginia	Colorado
Income Tax Owed	$8,848	$8,109
After Tax Income	$51,152	$51,891
Income After Income & Property Tax	$48,438	$49,670
Maximum Disposable Income After Income, Property & Sales Taxes	$45,804	$46,089

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

	Virginia	Colorado
Income Tax Owed	$14,398	$13,419
After Tax Income	$65,602	$66,581
Income After Income & Property Tax	$62,888	$64,360
Maximum Disposable Income After Income, Property & Sales Taxes	$59,469	$59,720

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

	Virginia	Colorado
Income Tax Owed	$19,948	$18,729
After Tax Income	$80,052	$81,271
Income After Income & Property Tax	$77,338	$79,050
Maximum Disposable Income After Income, Property & Sales Taxes	$73,133	$73,350

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

	Virginia	Colorado
Income Tax Owed	$13,349	$11,852
After Tax Income	$86,651	$88,148
Income After Income & Property Tax	$83,937	$85,927
Maximum Disposable Income After Income, Property & Sales Taxes	$79,373	$79,732

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

	Virginia	Colorado
Income Tax Owed	$26,279	$24,182
After Tax Income	$123,721	$125,818
Income After Income & Property Tax	$121,007	$123,597
Maximum Disposable Income After Income, Property & Sales Taxes	$114,428	$114,686

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

	Virginia	Colorado
Income Tax Owed	$40,154	$37,457
After Tax Income	$159,846	$162,543
Income After Income & Property Tax	$157,132	$160,322
Maximum Disposable Income After Income, Property & Sales Taxes	$148,588	$148,763

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

	Virginia	Colorado
Income Tax Owed	$54,948	$51,651
After Tax Income	$195,052	$198,349
Income After Income & Property Tax	$192,338	$196,128
Maximum Disposable Income After Income, Property & Sales Taxes	$181,880	$181,987

FAQ

Does Virginia or Colorado have lower income taxes?

Virginia’s income tax falls into the following range:

• 2.00%: $0-$3,000
• 3.00%: $3,001-$5,000
• 5.00%: $5,001-$17,000
• 5.75%: $17,001+

Whereas Colorado’s income tax is the following 4.40%

Does Virginia or Colorado have lower property taxes?

Virginia has an average property tax rate of 0.72%

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

Does Virginia or Colorado have lower sales taxes?

Virginia has a state sales tax rate of 5.30% and an average local rate of 0.45% for a combined total rate of 5.75%.

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 Virginia or Colorado?

Based on median household income after income, property and sales taxes Virginia gives you a maximum amount of disposable income of $63,001

In comparison, Colorado gives you $66,488.

More Comparisons:

Virginia vs Minnesota
Virginia vs South Carolina
Virginia vs Alabama
Virginia vs Louisiana
Virginia 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/