Taxes

A study by the Colorado Public Expenditures Council ranked Colorado 24th out of 50 states comparing state and local property collections per $1,000 of personal income.

The following chart shows mill levies assessed by taxing districts in the County. Mill levy, or property tax rate, is expressed as dollars per thousand of assessed valuation.

In February of 2008, The Tax Foundation ranked Colorado as the 15th most tax-friendly state in the U.S. and also rated Colorado as having the 13th best state business tax climate. Colorado has low taxes at the state level, and offers a wide variety of choices to meet the needs of all types of businesses.

Taxing Entity	2002 Mill Levy	2003 Mill Levy	2004 Mill Levy	2005 Mill Levy	2006 Mill Levy
Delta County	18.183	18.121	18.142	18.156	18.162
Town of Cedaredge	6.311	6.579	6.542	6.198	6.500
Town of Crawford	3.000	3.000	3.000	3.000	2.710
City of Delta	0.000	0.000	0.000	0.000	0.000
Town of Hotchkiss	7.510	7.110	7.190	7.010	5.090
Town of Orchard City	0.000	0.000	0.000	0.000	0.000
Town of Paonia	8.037	7.739	7.709	7.690	7.045
Delta County School District 50J	31.726	33.563	33.938	29.672	29.672
Delta County Memorial Hospital	1.530	1.455	1.455	1.351	1.116

Colorado's corporate income tax is a flat rate of 4.63%. Colorado ranks 41st nationally in per capita corporate income tax revenue.

Individual income taxes in Colorado are a flat rate of 4.63% of federally adjusted taxable income, with some modifications. Local governments in Colorado do not assess income taxes.

An employer's unemployment insurance tax liability is based on the taxable wage base, which is the first $10,000 of each worker's wages. If covered for the first time, the tax rate will be 1.7% of the wage base rate, plus an annually computed surtax. Call (303) 381-9100 or visit www.coworkforce.com/UIT for more information.

All employers in Colorado are required to have Workmen’s Compensation coverage for their employees if they have one or more persons engaged in the same business. The rate is based on the risk for the classification of workers employed. Workers compensation insurance is provided by private companies and Pinnacol Insurance, which carries coverage for the majority of Colorado employers.