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How did Colorado earn the grade of B? We examined the state taxes based on how age friendly they are. Colorado has a state sales tax of 2.90%. Of particular interest is that Colorado does have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. Colorado has an effective property tax rate of 0.57%. Weighing these taxes and other taxes most likely to impact the aging population is how Colorado earned its state tax grade of B.
Learn more about taxes in Colorado