Colorado Is Among the Top 10 States With the Lowest Taxes
For those of us who live here, it seems like almost everything in Colorado costs more than neighboring states. But we do have one thing in common with them, some of the lowest state and local taxes in the nation.
According to Wallet Hub, Colorado ranks tenth among the states with the lowest average annual state and local taxes.
While Colorado's taxes are almost double the top state, Wyoming, we're still less than the national average of around $7,000.
Here's the complete list of the Top 10 states with the average lowest state and local taxes.
- Wyoming - $2,356
- Alaska - $2,791
- Nevada - $3,370
- Florida - $3,648
- South Dakota - $3,766
- Washington - $3,823
- Texas - $5,193
- Delaware $5,195
- North Dakota - $5,588
- Colorado - $5,674