Tax Rates

Colorado, and Castle Rock, operates under a competitive tax structure that rewards investments and business innovation. Colorado has the 13th most business-friendly tax climate according to the Tax Foundation's 2008 State Business Tax Climate Index. Also, Colorado ranked 30th in state and local tax burden as a percentage of income in 2007 and 23rd lowest in total tax burden for state, local, and federal taxes as a percentage of income.

The sales tax rate in Castle Rock is 7.5%:

In Colorado, all business property, real and personal, is assessed at 29%. Property tax mill levies in Castle Rock, without any special district taxes, sum to 72.194 (or 7.2194%, applied to assessed value). Property taxes pay for schools, roads, fire protection, police protection and other local services. All of the revenue generated by property taxes stays within the county.

There are some special districts within Castle Rock. Current mill levies for any special district taxes can be looked up for any property via the Douglas County Assessor’s website. That same site provides an explanation of how to calculate assessed value and property tax. As a simple example, a commercial building that is not in a special district, has an actual value of $345,000, and has an assessed value of $100,000 (29% of it's actual value), would pay $7,219.40 per year in property tax.