Delta Area Development, Inc.

Developing a stronger economy for Delta County.

Investor List
Alphabetical or By Industry
 

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.

According to the Cato Institute, Colorado ranks 46th in per capita government
spending. When looking at tax revenues relative to personal income, Colorado
places 48th among the 50 states for state-level taxes.

The Colorado state business tax is considered very favorable, and was ranked
#4 in the United States in 2002
 

Corporate Income Taxes

Effective January 1, 2000, Colorado’s corporate income tax rate is a flat 4.63% of Colorado net income, defined as the corporation’s federal taxable income, with some modifications. Colorado ranks 5th nationally for being favorable to business regarding corporate income taxes.

Individual Income Taxes

Colorado personal income tax regulations require every employer to withhold Colorado income tax from the employees’ wages. The tax rate is a flat 5% rate for all levels of taxable income.

Unemployment Insurance 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 wage. If covered for the first time, the tax rate is 0.0192 of the wage base or a rate equal to the average for the industry, whichever is greater. Beginning with the third or fourth year of coverage (rate calculations begin on January 1st and three years of data are required), the rate is changed to a computed rate based on the employer’s individual experience.

Workmen’s Compensation Insurance

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.

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