Best Tax Attorneys in Highlands Ranch

Frequently Asked Questions

• Where does the Tax Court hold trial sessions closest to Highlands Ranch, Colorado?

  The U.S. Tax Court trial location nearest to Highlands Ranch, Colorado, is Courtroom C502 of the Byron G. Rogers U.S. Courthouse at 1929 Stout Street, Denver, CO 80294.

• Where is the low-income taxpayer clinic that is closest to Highlands Ranch, Colorado?

  The low-income taxpayer clinic nearest to Highlands Ranch, Colorado, is the Colorado Legal Services, located at 1905 N Sherman Street, Suite 300, Denver, CO 80203.

• What is the sales tax rate in Highlands Ranch?

  The sales tax rate in Highlands Ranch as of 2023 is 5.0%, with 2.90% from the Colorado state sales tax, 1.50% from the Douglas County sales tax, and 0.60% from Highlands Ranch’s local tax. This figure is significantly lower than the maximum sales tax rate allowed in Colorado, which is 11.20%.

• Does Highlands Ranch have a high personal income tax rate?

  On average, families in Highlands Ranch pay $2,315.00 in state-level income taxes. Colorado has an average income tax rate of 4.63%, which is the 23rd highest out of all the other states. In addition, the state does not allow expanded income tax brackets to married couples filing joint returns.

• Does Highlands Ranch impose corporate income taxes?

  Businesses in Highlands Ranch that are not registered as a flow-through entity are subject to both state-level and federal income taxes. Colorado imposes a flat corporate income tax rate of 4.630% on gross income, while federal corporate income tax is bracketed based on income level. Entities that may be exempt from these taxes include labor unions and worker's organizations, bona fide religious institutions, bona fide charities, and nonprofit educational and scientific groups.

• How are Highlands Ranch property taxes calculated?

  Property taxes in Highlands Ranch are calculated by multiplying the property’s taxable value with the appropriate mill rate. To get the taxable value, the property’s actual value is multiplied by the assessment rate, which is 6.765% for multi-family and residential properties during the 2023 tax year. Meanwhile, the assessment rate is 26.4% for agricultural and renewable energy properties and 27.9% for all other properties.

• What property tax programs does Highlands Ranch offer?

  Property owners in Highlands Ranch who are at least 65 years of age and have occupied their home as their primary residence for at least a decade may be eligible for 50% off the first $200,000 from the home’s actual value for the portion of taxes payable. This exemption is also available to qualifying disabled veterans and surviving spouses of military members.