Colorado provides a competitive business tax structure that rewards investment and innovation as the state ranked 17th for most business-friendly taxes by the Tax Foundation's 2020 State Business Tax Climate Index.
|State Income Tax|
|Personal Income Tax||4.63%|
|Corporate Income Tax on Net Income||4.63%|
|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||3.28 mills|
|Personal Property||3.28 mills|
|commercial property tax|
|Commercial Property Tax||29%|
|Sales and Use Tax|
|2K Capital Improvement*||1.00%|
|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.|
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.