Are there any local tax changes in Colorado for 2017?
Tax Professional Answers
Colorado differs from many other states in that there are both State-collected or “statutory” towns, cities, counties and special districts as well as 70+ home-rule towns, cities and combined city/counties.
New Taxes for CO State-collected jurisdictions are:
• Johnstown Public Improvement Fee: (in Johnstown Plaza only) Rate: 0.5%;
• Edwards Metropolitan District Rate: 1.0%;
• San Miguel Authority for Regional Transportation (SMART) Rate: 0.25%
New Rates for CO State-collected jurisdictions are:
• Grand Lake: Sales Tax rate increased to 5%. No Use Tax.;
• Grand County: Sales Tax Rate increased to 1.3%. No Use Tax.;
• Summit Multi-Jurisdictional Housing Authority: Sales Tax rate increased to 0.725%. Use Tax 0.125%
New Rates for Home-Rule jurisdictions are:
• Black Hawk Sales Tax Rate increased to 6.%. Use Tax 4%;
• Canon City Sales Tax and Use Tax rates increased to 3%;
• Steamboat Springs Sales Tax and Use Tax rates decreased to 4.5%;
• Wheat Ridge Sales and Use Tax rates increased to 3.5%;
Note: We strongly recommend performing an Address Verification to determine applicable jurisdictions. Mailing addresses and Zip+4 cannot be relied upon to determine the actual jurisdictions involved. There are free State-certified database providers and other resources.
We handle multi-state sales and use tax with a special emphasis on the difficulties of proper compliance in Colorado. Let me know if I can be of any help.
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