Colorado Local Sales Tax Hikes
- Nov 6, 2015 | Gail Cole
On November 3, 2015, voters in both Colorado Springs and Greeley, Colorado, approved local sales tax rate increases. Both take effect January 1, 2016.
Ballot Items 2C and 2D increase sales tax by 0.62%, which is expected to raise $50 million annually for road and trail improvements.
As explained by the City of Colorado Springs, “the sales tax will cost 6 cents for every $10 you spend on taxable items… For the average household in Colorado Springs, this equates to approximately $100 per year.” Food and medicine are exempt.
More than 65% of voters approved Ballot Measure 2A, which increases “all sales and use taxes, excluding any additional tax on groceries, by 0.65%.” This amounts to 65 cents on a purchase of $100, and will fund street maintenance. It is set to expire in seven years unless reauthorized by voters.
Ballot Measure 2B, approved by more than 73% of voters, reauthorizes an existing sales tax on food. This measure will sunset in five years unless voters reauthorize it again. Additional information.
Find accurate local rates for all states with this free sales tax rate map.