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Corporate Income Tax is 4.63% of net income derived from
Colorado sources.
For taxing purposes, Colorado has eliminated the
worldwide unitary method of allocating corporate income tax.
Property Taxes for Industrial/Commercial property is
assessed at 29% of current value and 7.96% for residential assessment
(average is 10 to 15% of current market value). Inventories are
exempt from property taxation.
| Sales & Use Tax |
|
State of Colorado |
2.9% |
|
City of Loveland |
3.0% |
|
Larimer County |
.8% |
|
Total |
6.7% |
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The State of Colorado exempts machinery and
equipment purchases used in manufacturing from the 3.0%
sales/use tax.
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Loveland does not collect Use Tax on personal
property.
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City of Loveland Sales Tax Division
|
Mill Levies* |
| Mill levies vary throughout the
community, but a sample industrial building site is
identified below. |
|
Larimer County |
22.461 |
|
Thompson R2-J School District |
49.168 |
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City of Loveland |
9.564 |
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Northern Colorado water Conservancy District |
1.000 |
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Thompson Valley Hospital District |
.142 |
|
Total |
83.927 |
*Mill levy is
calculated on each $1,000 of assessed value.
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Business Development Offices
500 East Third Street
Suite 330
Loveland, CO 80537
Phone: 970.962.2304
FAX: 970.962.2900
Email Us |
