Jefferson County, Colorado, in the United States, contains the city of Lakewood CO. One of the questions that people frequently have is what Lakewood, Colorado’s sales tax rate is. The Lakewood, Colorado sales tax rate is 7.5% as of 2021. This includes a 2.9% state sales tax and a 4.6% local sales tax. In Lakewood, Colorado, there is no city sales tax. The majority of tangible personal property, including retail sales, leases, and rents of the majority of commodities, are subject to this rate.
You must obtain a business license if you want to open a business in Lakewood, Colorado. All companies conducting business inside the boundaries of the City of Lakewood must possess a business license. You must fill out an application and pay the requisite money to get a business license. Depending on the kind of business you run, you might have to pay additional costs for things like liquor licenses.
Being a home rule city, Lakewood, Colorado, has the authority to enact and uphold its own rules and ordinances. As a home rule municipality, Lakewood CO has the authority to determine its sales tax and other taxes and fees. In contrast, statutory cities are required to abide by the state’s established tax regulations.
Moving on, Denver, another city in Colorado, has a somewhat higher sales tax rate than Lakewood CO. Including the state sales tax of 2.9%, the regional transportation district tax of 1%, the cultural facilities district tax of 0.1%, and the local sales tax of 3.71%, Denver’s sales tax rate as of 2021 is 8.81%. Denver is a home rule city, thus it has the authority to determine own taxes and levies.
Last but not least, the rate of Lakewood, Washington’s sales tax is 10.4%. This consists of a 6.5% state sales tax, a 3% local sales tax, and a 1% transit sales tax. Note that sales tax rates sometimes fluctuate, so it is wise to always check with your local government for the most recent amount.
As a result, Lakewood, Colorado, has a lower sales tax rate than Denver and needs businesses to have licenses. It is also a home rule city. Contrarily, Denver, a home rule city with a sales tax rate of 8.81%, has a higher rate than Lakewood, Colorado. The sales tax rate in Lakewood WA is 10.4%, which is higher than the rates in Lakewood CO and Denver.
It is subject to the rules and legislation of the state and municipality in which you are located. Even if a firm only conducts online sales, the majority of states nevertheless need that it seek a license in order to operate. To find out if you need a license to sell online in your area, you need contact the local government authorities in your area.