Colorado Estate Tax. The state later turned around and repealed its estate tax again retroactively to january 1 2013. Colorado is ranked number thirty out of the fifty states in order of the average amount of property taxes collected.
Future changes to the federal laws will. In fact 100 of property tax revenue stays within the county in which it is collected meaning none of it goes to the state. The colorado estate tax does not apply to decedents whose date of death is on or after january 1 2005.
May increase with cost of living adjustments.
The median property tax in colorado is 1 437 00 per year for a home worth the median value of 237 800 00. May increase with cost of living adjustments. The credit was eliminated effective december 31 2004 as a result of federal estate tax law changes. The estate tax is a tax on your right to transfer property at your death.
