Tax Comparison: Carbon hill, AL vs Westminster, CO
Understanding Your Tax Burden
This page compares the three main types of taxes between Carbon hill, AL and Westminster, CO: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Carbon hill, AL
$1,141
Based on a $419,200 home
Rate: 0.2723%
Westminster, CO
$2,533
Based on a $419,200 home
Rate: 0.6043%
| Data | Carbon hill, AL | Westminster, CO |
|---|---|---|
| Effective Property Tax Rate | 0.2723% | 0.6043% |
| Estimated Property Tax | $1,141 | $2,533 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Carbon hill, AL are $1,392 lower than in Westminster, CO for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
AL
2%-5%
Single: $4,670
Married: $8,406
CO
4.4%
Single: $4,400
Married: $7,920
| Data | AL | CO |
|---|---|---|
| Tax Rate | 2%-5% | 4.4% |
| Single Filer ($100k) | $4,670 | $4,400 |
| Married Couple ($200k) | $8,406 | $7,920 |
| Median Income ($80.6k) | $4,030 | $3,547 |
Comparison: Income taxes in CO are $483 lower than in AL for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Carbon hill, AL
12.000%
Combined rate
Annual sales tax: $1860
(Based on $15,500 spending)
Westminster, CO
11.200%
Combined rate
Annual sales tax: $1736
(Based on $15,500 spending)
| Data | Carbon hill, AL | Westminster, CO |
|---|---|---|
| State Sales Tax | 4.00% | 2.90% |
| Combined Sales Tax | 12.000% | 11.200% |
| Annual Tax Amount | $1,860 | $1,736 |
Comparison: Shopping in Westminster, CO costs $124 less in annual sales tax than in Carbon hill, AL for the average household.
Tax Comparison Insights
Tax Insights: Carbon hill vs Westminster
- Property Tax: Carbon hill has a 0.3320 percentage points lower effective property tax rate than Westminster.
- Income Tax: Living in CO could save you approximately $483 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Westminster is 0.80 percentage points lower than in Carbon hill.
Overall Tax Burden Comparison
Carbon hill, AL
$7,031
Combined annual tax burden
Property
$1,141
Income
$4,030
Sales
$1,860
Westminster, CO
$7,816
Combined annual tax burden
Property
$2,533
Income
$3,547
Sales
$1,736
Overall Comparison: Carbon hill, AL has an estimated $785 lower total tax burden than Westminster, CO based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.