Wisconsin vs Colorado Taxes: Income, Property & Sales

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

Wisconsin vs Colorado Income Tax Comparison

	Wisconsin	Colorado
Income Tax Rates & Thresholds	3.54%: $0-$12,760 4.65%: $12,761-$25,520 5.30%: $25,521-$280,950 7.65%: $280,951+	4.40%
Median Income	$73,330	$89,930
Income Tax Paid On Median Household Income	$11,817	$16,055
Income After Tax Based on Median Household Income	$61,513	$73,875

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Wisconsin vs Colorado Property Tax Comparison

	Wisconsin	Colorado
Average Property Tax Rate	1.15%	0.40%
Average House Price By State	$288,596	$555,300
Average Property Tax Owed Per Year	$3,319	$2,221
Income After Income Taxes & Property Taxes Based On Median State Household Income	$58,194	$71,654

Wisconsin vs Colorado Sales Tax Comparison

	Wisconsin	Colorado
Average State Sales Tax	5.00%	2.90%
Average Local Sales Tax Across the State	0.43%	4.87%
Average Combined Sales Tax Rate	5.43%	7.77%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$2,997	$5,166
Maximum Disposable Income Based on Median Household Income	$55,197	$66,488

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

	Wisconsin	Colorado
Income Tax Owed	$4,191	$4,271
After Tax Income	$35,809	$35,729
Income After Income & Property Tax	$32,490	$33,508
Maximum Disposable Income After Income, Property & Sales Taxes	$30,817	$31,092

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

	Wisconsin	Colorado
Income Tax Owed	$8,178	$8,109
After Tax Income	$51,822	$51,891
Income After Income & Property Tax	$48,503	$49,670
Maximum Disposable Income After Income, Property & Sales Taxes	$46,005	$46,089

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

	Wisconsin	Colorado
Income Tax Owed	$13,638	$13,419
After Tax Income	$66,362	$66,581
Income After Income & Property Tax	$63,043	$64,360
Maximum Disposable Income After Income, Property & Sales Taxes	$59,796	$59,720

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

	Wisconsin	Colorado
Income Tax Owed	$19,098	$18,729
After Tax Income	$80,902	$81,271
Income After Income & Property Tax	$77,583	$79,050
Maximum Disposable Income After Income, Property & Sales Taxes	$73,587	$73,350

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

	Wisconsin	Colorado
Income Tax Owed	$12,140	$11,852
After Tax Income	$87,860	$88,148
Income After Income & Property Tax	$84,541	$85,927
Maximum Disposable Income After Income, Property & Sales Taxes	$80,187	$79,732

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

	Wisconsin	Colorado
Income Tax Owed	$24,845	$24,182
After Tax Income	$125,155	$125,818
Income After Income & Property Tax	$121,836	$123,597
Maximum Disposable Income After Income, Property & Sales Taxes	$115,561	$114,686

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

	Wisconsin	Colorado
Income Tax Owed	$38,495	$37,457
After Tax Income	$161,505	$162,543
Income After Income & Property Tax	$158,186	$160,322
Maximum Disposable Income After Income, Property & Sales Taxes	$150,039	$148,763

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

	Wisconsin	Colorado
Income Tax Owed	$53,064	$51,651
After Tax Income	$196,936	$198,349
Income After Income & Property Tax	$193,617	$196,128
Maximum Disposable Income After Income, Property & Sales Taxes	$183,645	$181,987

FAQ

Does Wisconsin or Colorado have lower income taxes?

Wisconsin’s income tax falls into the following range:

• 3.54%: $0-$12,760
• 4.65%: $12,761-$25,520
• 5.30%: $25,521-$280,950
• 7.65%: $280,951+

Whereas Colorado’s income tax is the following 4.40%

Does Wisconsin or Colorado have lower property taxes?

Wisconsin has an average property tax rate of 1.15%

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

Does Wisconsin or Colorado have lower sales taxes?

Wisconsin has a state sales tax rate of 5.00% and an average local rate of 0.43% for a combined total rate of 5.43%.

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 Wisconsin or Colorado?

Based on median household income after income, property and sales taxes Wisconsin gives you a maximum amount of disposable income of $55,197

In comparison, Colorado gives you $66,488.

More Comparisons:

Wisconsin vs Minnesota
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Wisconsin vs Alabama
Wisconsin vs Louisiana
Wisconsin 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/