Tax Comparison: Franklinton, LA vs Castle rock, CO
Understanding Your Tax Burden
This page compares the three main types of taxes between Franklinton, LA and Castle rock, 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
Franklinton, LA
$1,468
Based on a $419,200 home
Rate: 0.3501%
Castle rock, CO
$2,306
Based on a $419,200 home
Rate: 0.5500%
| Data | Franklinton, LA | Castle rock, CO |
|---|---|---|
| Effective Property Tax Rate | 0.3501% | 0.5500% |
| Estimated Property Tax | $1,468 | $2,306 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Franklinton, LA are $838 lower than in Castle rock, 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
LA
1.85%-4.25%
Single: $4,067
Married: $7,321
CO
4.4%
Single: $4,400
Married: $7,920
| Data | LA | CO |
|---|---|---|
| Tax Rate | 1.85%-4.25% | 4.4% |
| Single Filer ($100k) | $4,067 | $4,400 |
| Married Couple ($200k) | $7,321 | $7,920 |
| Median Income ($80.6k) | $3,424 | $3,547 |
Comparison: Income taxes in LA are $123 lower than in CO 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
Franklinton, LA
12.000%
Combined rate
Annual sales tax: $1860
(Based on $15,500 spending)
Castle rock, CO
11.200%
Combined rate
Annual sales tax: $1736
(Based on $15,500 spending)
| Data | Franklinton, LA | Castle rock, CO |
|---|---|---|
| State Sales Tax | 5.00% | 2.90% |
| Combined Sales Tax | 12.000% | 11.200% |
| Annual Tax Amount | $1,860 | $1,736 |
Comparison: Shopping in Castle rock, CO costs $124 less in annual sales tax than in Franklinton, LA for the average household.
Tax Comparison Insights
Tax Insights: Franklinton vs Castle rock
- Property Tax: Franklinton has a 0.1999 percentage points lower effective property tax rate than Castle rock.
- Income Tax: Living in LA could save you approximately $123 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Castle rock is 0.80 percentage points lower than in Franklinton.
Overall Tax Burden Comparison
Franklinton, LA
$6,751
Combined annual tax burden
Property
$1,468
Income
$3,424
Sales
$1,860
Castle rock, CO
$7,588
Combined annual tax burden
Property
$2,306
Income
$3,547
Sales
$1,736
Overall Comparison: Franklinton, LA has an estimated $837 lower total tax burden than Castle rock, 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.