If you’re considering a move to Denver from one of the highest-tier cost cities, you can definitely plan on saving on real estate and construction as well as payroll costs. Factor in the value of Denver’s popularity as a destination of choice for employees and their families . . . and Choosing Denver is clearly the winning proposition.
Along with few regulatory burdens, Colorado’s corporate income tax rate of 4.63% is one of the lowest and most competitive tax structures in the U.S. Colorado personal income tax is the same rate.
Real and business personal property taxes are assessed as follows:
Commercial property 29% Residential property 7.96%
Average mill levy - 2013:
City and County of Denver 87.042
Metro Denver 97.559
Dollars of tax per $1,000 of assessed valuation.
Local and sales tax rates for Denver apply as follows:
City and County of Denver 3.62%
Regional Transportation District 1.00%
Scientific and Cultural Facilities District 0.10%
Sales and use tax rates are current as of July 1, 2014.
Additional local or special levies may apply.
Denver ranks in top 10 least expensive U.S. cities for cost of commercial space, and the metro area has been ranked as the second best residential real estate market among 20 major cities (see more such accolades in our Rankings).
Business parks located in Denver include the following:
Stapleton Business Park 1,450 acres
Gateway Park 1,000
Denver Tech Center 875
Montbello Industrial Park 600
High Point 500
Denver International Business Center 400
Denver Connection 400
Denver Commerce Center 100
Stapleton Business Center 95
Moderate, predictable construction costs have in recent years been a competitive edge for Denver. Amid the construction boom taking place here, however, the cost to build is naturally edging up as well. Overall, Denver's costs typically fall in the middle when compared to such major markets as Boston, Chicago, Honolulu, Las Vegas, Los Angeles, New York, Phoenix, Portland, San Francisco, Seattle and Washington, D.C.
Factors contributing to Denver’s competitive construction costs include stable construction-material prices and the number of construction firms available. Denver costs could rise in the next 18 months due to a potential shortage in skilled craft labor as well as plumbers, bricklayers and journeymen.
We look forward to exploring with you the potential for substantial savings through three programs:
Business Investment Fund
Business Investment Program
Denver Enterprise Zone
Explore them all here.
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Content to come.