Taxes in Lafayette, Colorado
Complete tax guide for Lafayette, CO. State income tax up to 4.4%, 0.54% property tax, 4.24% sales tax. Calculate your total tax burden.
State Income Tax
4.4%
Colorado
Property Tax
0.54%
Effective rate
Sales Tax
4.24%
Combined rate
Tax Burden
Low
Lafayette, CO Tax Overview
Population
30,217
Median Income
$76,300
Cost of Living
96.7 (100 = avg)
State Income Tax
4.4%
Median Home Price
$435,000
Lafayette Tax Calculator
Pre-filled with Lafayette median: $76,300
Total Tax Burden in Lafayette
$17,594
Take-Home: $58,706 · Effective Rate: 23.06%
Federal Tax
$8,400
11.01% eff.
CO State
$3,357
4.40% eff.
FICA
$5,837
7.65% eff.
Take-Home
$58,706
76.94% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $76,300.00 | $6,358.33 |
| Federal Income Tax | -$8,400.00 | -$700.00 |
| Colorado State Tax | -$3,357.20 | -$279.77 |
| Social Security (6.2%) | -$4,730.60 | -$394.22 |
| Medicare (1.45%) | -$1,106.35 | -$92.20 |
| Take-Home Pay | $58,705.85 | $4,892.15 |
Property Tax in Lafayette
Median Home
$435,000
Annual Tax
$2,349
Monthly Tax
$196
Effective Rate
0.54%
Sales Tax in Lafayette
Combined Rate
4.24%
State Portion
~1.7%
Local Portion
~2.5%
The combined sales tax rate in Lafayette is 4.24%, which is below the national average of 7.12%. On a $100 purchase, you would pay $4.24 in sales tax.
Tax Burden Comparison
| Tax Type | Lafayette | Colorado Avg | National Avg |
|---|---|---|---|
| Income Tax | 4.4% | 4.4% | 4.6% |
| Property Tax | 0.54% | ~0.54% | 1.1% |
| Sales Tax | 4.24% | ~4.24% | 7.12% |
| Overall Burden | Low | — | Moderate |
Tax Saving Tips for Lafayette Residents
- Colorado's income tax rate of 4.4% is competitive. You may still benefit from maximizing 401(k) contributions ($23,500 limit) to reduce your taxable income at both state and federal levels.
- Property tax in Lafayette (0.54%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Colorado
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HighCalculate Your Full Colorado Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Lafayette, CO?
Lafayette, Colorado has a state income tax rate up to 4.4%. The property tax rate is 0.54% and the combined sales tax rate is 4.24%.
How much is property tax in Lafayette?
The effective property tax rate in Lafayette is 0.54%. On the median home price of $435,000, this equals approximately $2,349 per year or $196 per month. This is below the national average of 1.1%.
What is the sales tax rate in Lafayette?
The combined sales tax rate in Lafayette is 4.24%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Lafayette's tax burden compare to other cities?
Lafayette has a low overall tax burden. The effective total tax rate for a median-income household is approximately 23.9%. The combination of 4.4% state income tax, 0.54% property tax, and 4.24% sales tax determines the total burden. Cost of living index is 96.7 (100 = national average).
Are there any local taxes in Lafayette?
Lafayette does not impose a separate local or city income tax. Residents pay the state income tax of 4.4%, federal income tax, and FICA (Social Security and Medicare).