Information on Grand Junction Local Tax
Grand Junction Retail Sales Tax
All tangible personal property is taxes except prescriptions, groceries and residential energy.
- Mesa County 2 percent
- Grand Junction City 2.75 percent
- State of Colorado 2.9 percent
- Total 7.65 percent
Property Taxes
The actual value, multiplied by the assessment rate, multiplied by the mill levy, equals the property tax.
The Mill Levy is the tax rate per $1000 assessed valuation. Taxes for 2015 are based on the 2014 property values. Mill levies are set each year by taxing authorities such as school districts, the county, cities, fire, water and sanitation districts and other entities These entities provide tax supported services and are listed on tax notices.
Individual Income Tax
Colorado’s personal income tax system rate ranks 15th lowest among states levying an individual income tax. The flat rate of 4.63 percent brought Colorado $956 per person in 2012. Colorado ranked 25th highest nationally. Most small businesses are either S corporations, partnerships or sole proprietorships and pay their business taxes at the rates for individuals.
Colorado Sales and Excise Tax
A 2.9% general sales or use tax on consumers, which is below the national median of 5.95%. The average local sales tax rates is an additional 4.54%. Colorado’s local and state governments collect $1,054 per person in general sales taxes and $421 per person in excise taxes, for a combined figure of $1,475, which ranks Colorado 24th highest nationally. Colorado’s gasoline tax is the 16th lowest nationally and is 22 cents. Cigarette tax is 84 cents and ranks 18th lowest nationally.
