Taxes

Colorado provides a competitive business tax structure that rewards investment and innovation as the state ranked 17th for corporate tax rate and 13th for individual income tax rate bymost business-friendly taxes by the Tax Foundation's 2024 State Business Tax Index.2023 State Business Tax Climate Index.

State Income Tax
Individual Personal Income Tax	4.4063%
Corporate Income Tax on Net Income	4.463%
Unemployment Compensation Rate	2.48% of the first $10,000

State government does not levy property taxes. These revenues are exclusively for local government services, primarily school districts.

Property Tax - Commerce City Mill Levy
Real Property	3.1041 mills
Personal Property	3.1041 mills

Commercial Property Tax
Commercial Property Tax Assessment Rate	27%

https://dpt.colorado.gov/property-valuation-and-taxation-for-business-and-industry-in-colorado (learn more about Colorado’s Commercial Property Taxes)

Sales and Use Tax
Commerce City	3.50%
2K Capital Improvement*	1.00%
Adams County	0.75%
Science and Cultural Facilities District	0.10%
Regional Transportation District	1.00%
State of Colorado	2.90%
*1% dedicated to voter-approved capital improvement projects within Commerce City.

Exemptions

Machinery, tools, and ingredients used in manufacturing are exempt from paying 2.9 percent Colorado sales tax.

Inventory and Franchise Taxes

Inventory and franchise taxes are not assessed in Colorado.

Occupational Head Tax

Businesses located in Commerce City will not pay an occupational head tax to the city or the county.