Of the $1,158.00 in sales tax, $435.00 is allocated to the State of Colorado, $543.00 is allocated to the City and County of Denver of and $180.00 is allocated to the Regional Transportation District (RTD)
Ownership Tax is a personal property tax based on the taxable value of your vehicle. The taxable value of a vehicle was calculated as a percentage of the Manufacturers Suggested Retail Price (MSRP) when the vehicle was brand new. This value remains constant throughout the life of the vehicle. (See Example #2 below)
The percentage applied to your MSRP depends on the vehicle type. The Manufacturers Suggested Retail Price (MSRP) of a vehicle is not the same as the purchase price.
| Vehicle Type
|| Taxable value
| Trucks and Trailers
|| MSRP x 75%
| Passenger vehicles
|| MSRP x 85%
|| MSRP x 85%
The ownership tax rate is based on the age of the vehicle from the date of manufacture. The ownership tax is calculated by multiplying the taxable value by the tax rate. (See Example #2 below)
|10th year and older
||Flat fee of $3.00
EXAMPLE #2: Ownership tax in 2002 for a 4 year old 1998 passenger vehicle with an MSRP of $20,000.
Ownership Tax = Taxable Value x Tax Rate
= (MSRP x 85%) x Vehicle Age (4th year) Tax Rate (0.90%)
= ($20,000 x 85%) x 0.90%
License fees are those fees paid to license your vehicle within the State of Colorado. The combination of license fees and ownership tax is what you pay each year to register your vehicle. License fees are based upon the year, weight, taxable value and the date of purchase of the vehicle and, for most passenger vehicles, average between $60.00 and $85.00 per year.
For more information please contact us or visit any Denver Motor Vehicle branch office.
Page revised January 24, 2012