How Colorado Sales Tax Calculator Works: Step By Step Guide

How Colorado Sales Tax Calculator Works: Step By Step Guide

Getting the most out of our highly simplified calculator works like a charm, however, there are a couple of steps that need to be followed to know the current rate imposed on in the Colorado state. 

It could be messy if you don’t have a Sales Tax Calculator with you while living your digital life. Handling one or two calculations may seem easier, but when it comes to taking care of immense numbers of sales tax calculations, you could have a nightmare. 

That’s where you need a Sales Tax Calculator like ours which will keep you at ease – satisfied. 

To know what the current sales tax rate applies in your state i.e. Colorado, all you need is the simple calculator given above.

  1. Enter the “Amount” you want to enquire about.
  2. Choose the “Sales Tax Rate” from the drop-down list.
  3. Finally, click on “Calculate” or not (our calculator doesn’t even require your action – it automatically does it all). 

And, there you go!

Colorado Sales Tax Rates

If you’ve opened this page (and reading this), chances are you are living in Colorado and you intend to know the sales tax rate, right?

 How Colorado Sales Tax Calculator Works: Step By Step Guide

Well, speaking of Colorado, the general sales tax is 2.9%. As far as the tangibles tax of Denver is considered, it is 3.62%, with the food being taxed at 4%, however, most of the unprepared food (groceries) are exempt from the tax. 

The tax rates in the city differ. In other words, in different areas of Colorado, you will notice that the rate of sales tax varies in different cities or counties. 

To see the list of sales tax in each county or city, please refer to the table given at the bottom of this page. 

How to File and Pay Sales Tax in Colorado?

Insofar filing and paying sales tax in Colorado is considered, three things need to be kept in mind while you do this:

  1. Knowing how much sales tax you owe
  2. Filing a sales tax return
  3. Making a payment

First things first. How do you think you will file a sales tax return if you have no idea about the sales tax that you owe? You can’t! You’ve got to understand the sales tax report in your state (Colorado) for that purpose. 

Once done, the next thing you have to do is file your sales tax with the help of the following:

  • File Online: You can file online with the help of the Colorado Department of Revenue
  • File by Mail: You can also do that with the help of the form DR-0100 and don’t forget to check out the important instructions for filing by mail.

Please be mindful of the list of common tax-filing errors in order to avoid any type of mistake while dealing with the state tax filing.

Facts about Colorado Sales Tax Filing

There are some other things that you must know as far as filing sales tax in Colorado is considered.

Yes, we’re talking about penalties!

Every time you file late or pay late, you will be required to pay a penalty which could become a pain in the neck. Therefore, we suggest that you should pay earlier or before the deadline reaches. 

  1. Penalty for filing late: The greater of 10% of the tax due in addition to that, you would be charged 0.5% of the tax due per month (maximum 18%) or $15.
  2. Penalty for paying late: The greater of 10% of the tax due in addition to that, you would be charged 0.5% of the tax due per month (maximum 18%) or $15.

That’s not all – there might be other penalties like for fraud and serial offenses that could trigger even the higher penalties or could lead to criminal charges. 

There are other important aspects of “Zero Returns” and “Discounts” that you should be aware of if you’re planning on filing and paying the sales tax in Colorado. 

Colorado Sales Tax Holidays

If you want to know the list of the current Sales Tax Holidays in Colorado, please log on to the official website of Colorado state.

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