Minimum Sales Rate Tax for 2024
| 2.90% | Column content | Column content | Column content | Column content | |
| 4.35% | Column content | Column content | Column content | Column content | |
| 0.8% | Column content | Column content | Column content | Column content | |
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| Minimum combined sales tax rate value | 8.05% | Column content | Column content | Column content | Column content |
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| Economic sales nexus threshold | $500,000 | Column content | Column content | Column content | Column content |
| Transactions threshold | N/A | Column content | Column content | Column content | Column content |
| Sales tax return filing due date | 30th of the month following the reporting period. | Column content | Column content | Column content | Column content |
The statewide state sales tax rate in Colorado is 2.9%, but Larimer County tax is 0.8% and the city-specific tax 4.35%, the minimum sales tax rate for Fort Collins is 8.05%.
How to calculate your sales tax rate
Use our online sales tax calculator to determine the combined state and local sales tax rate for each location where you have a physical or economic nexus. Just enter your state and ZIP code to get your sales tax rate.
Looking for help calculating your sales tax? Contact us today to book a free consultation!
What is nexus?
In Fort Collins, businesses must understand “nexus” to determine their tax obligations. Nexus refers to the connection that requires a business to collect sales tax in a state. This concept became even more important after the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc., which allowed states to require sales tax collection based on economic activity rather than just a physical presence.
Specific sales tax rules for Fort Collins
The City of Fort Collins imposes a lodging tax rate of 3.00% on the cost of accommodations. This tax is specifically applied to the rental of rooms in hotels, motels, and similar lodging establishments within the city. In addition to this lodging tax, there is a Total Accommodations Tax rate of 10.55%.
Services
Usually not subject to tax unless they are related to the sale of taxable goods, recreational activities, or the repair and maintenance of taxable items.
Goods
Most physical items, such as appliances, cars, furniture, sporting equipment, and electronics, are subject to sales tax.
Clothing
Generally taxable.
Electronics
Taxable.
SaaS
Not taxable since it is considered a service.
Digital Products
Generally not taxable if delivered electronically.
Software
Taxable when prewritten or downloaded.
Freight/Shipping
Shipping charges are taxable unless they are itemized separately on the invoice.
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