Taxes in Loveland, Colorado
Complete tax guide for Loveland, CO. State income tax up to 4.4%, 0.51% property tax, 3.49% sales tax. Calculate your total tax burden.
State Income Tax
4.4%
Colorado
Property Tax
0.51%
Effective rate
Sales Tax
3.49%
Combined rate
Tax Burden
Low
Loveland, CO Tax Overview
Population
76,378
Median Income
$62,000
Cost of Living
102.5 (100 = avg)
State Income Tax
4.4%
Median Home Price
$435,000
Loveland Tax Calculator
Pre-filled with Loveland median: $62,000
Total Tax Burden in Loveland
$12,873
Take-Home: $49,128 · Effective Rate: 20.76%
Federal Tax
$5,402
8.71% eff.
CO State
$2,728
4.40% eff.
FICA
$4,743
7.65% eff.
Take-Home
$49,128
79.24% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $62,000.00 | $5,166.67 |
| Federal Income Tax | -$5,401.50 | -$450.13 |
| Colorado State Tax | -$2,728.00 | -$227.33 |
| Social Security (6.2%) | -$3,844.00 | -$320.33 |
| Medicare (1.45%) | -$899.00 | -$74.92 |
| Take-Home Pay | $49,127.50 | $4,093.96 |
Property Tax in Loveland
Median Home
$435,000
Annual Tax
$2,219
Monthly Tax
$185
Effective Rate
0.51%
Sales Tax in Loveland
Combined Rate
3.49%
State Portion
~1.0%
Local Portion
~2.5%
The combined sales tax rate in Loveland is 3.49%, which is below the national average of 7.12%. On a $100 purchase, you would pay $3.49 in sales tax.
Tax Burden Comparison
| Tax Type | Loveland | Colorado Avg | National Avg |
|---|---|---|---|
| Income Tax | 4.4% | 4.4% | 4.6% |
| Property Tax | 0.51% | ~0.51% | 1.1% |
| Sales Tax | 3.49% | ~3.49% | 7.12% |
| Overall Burden | Low | — | Moderate |
Tax Saving Tips for Loveland 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 Loveland (0.51%) 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.
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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 Loveland, CO?
Loveland, Colorado has a state income tax rate up to 4.4%. The property tax rate is 0.51% and the combined sales tax rate is 3.49%.
How much is property tax in Loveland?
The effective property tax rate in Loveland is 0.51%. On the median home price of $435,000, this equals approximately $2,219 per year or $185 per month. This is below the national average of 1.1%.
What is the sales tax rate in Loveland?
The combined sales tax rate in Loveland is 3.49%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Loveland's tax burden compare to other cities?
Loveland has a low overall tax burden. The effective total tax rate for a median-income household is approximately 24.1%. The combination of 4.4% state income tax, 0.51% property tax, and 3.49% sales tax determines the total burden. Cost of living index is 102.5 (100 = national average).
Are there any local taxes in Loveland?
Loveland 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).