Sales Tax Rate in Larimer County Colorado: A Comprehensive Guide

If you’re particularly looking for the Loveland, Colorado sales tax rate, you may anticipate that it will be 7.5%, the same as the county rate. In addition to the sales tax, hotels in Loveland must charge guests a lodging tax of 3%, which goes toward developing the local tourism industry.

Colorado’s state sales tax continues at its current level of 2.9% for 2020, where it has been for a number of years. It is crucial to keep in mind that local sales tax rates might vary by county and city, so it is always wise to double-check the rates in your area.

In order to pay sales tax as a business owner in Larimer County, you must apply for a sales tax license with the Colorado Department of Revenue. Depending on your sales volume, you will need to collect sales tax from your consumers and routinely submit it to the state, either monthly, quarterly, or annually. Businesses can file and pay their sales taxes using online services as well.

The sales tax rate in Denver is 8.81%, which is a little higher than it is in Larimer County. This consists of a city sales tax of 4.06%, a county sales tax of 0.75%, and a state sales tax of 2.9%. Denver levies extra taxes on a variety of goods, such as a 3.65% sales tax on marijuana and marijuana-related products.

In conclusion, Loveland, Colorado, and Larimer County, Colorado, both have a 7.5% sales tax rate. Colorado’s state sales tax remains at 2.9% for 2020, while municipal rates may differ. Business owners can pay sales tax by signing up for a license and routinely remitting the tax they have collected to the state. Denver levies a supplementary tax on some items and has a higher sales tax rate of 8.81%. Always double-check the local rates to be sure you’re collecting and disbursing the appropriate amount of sales tax.