Longmont (CO) Sales Tax
The Longmont sales tax rate is 8.52%
| Taxing jurisdiction | Rate |
|---|---|
| Colorado state sales tax | 2.90% |
| Boulder County sales tax | 0.99% |
| City tax | 3.53% |
| Special tax | 1.10% |
| Combined Sales Tax | 8.52% |
Longmont sales Tax Calculator Colorado
To make it easier to calculate the Longmont (CO) Sales tax, we have created a calculator. All that you need to input is the zip code and the number of goods bought. The calculator will tell you how much you should approximately pay in sales tax. The tools are free to use and very simple.
How does the Longmont sales tax compare to the rest of Colorado?
Each vendor in the USA needs to charge sales tax to the items and services that they sell. The Department of Revenue collects the sales tax proceeds from the vendors. The Longmont, CO sales tax rate is 8.52%. This includes 2.90% Colorado state sales tax, 0.99% Boulder County sales tax and 1.10% special tax.
A merchant adds the sales tax to all the qualifying sales completed in Longmont, CO. The Longmont sales tax should be clearly stated on the invoice. There are some specific goods and services are tax-exempt in Longmont (Colorado). Alcohol, tobacco and gas are subject to excise tax.
The 8.52% sales tax rate of the Longmont, CO applies to the following list of zip codes: 80501, 80502, 80503, 80504.
The vendor needs to check their district zip code to make sure that they are charging the right sales tax for the business transactions.
There are 96905 people in and around Longmont. It is important to be aware that zip-code boundaries do not always coincide with general boundaries. Therefore, when choosing sales tax rates, you should not focus only on zip-codes. In the event of a dispute, it is recommended that you contact the Internal Revenue Service to determine sales tax rates for you.
Alternative sales tax rate for Longmont
| City | Combined Tax | State Rate | County Tax | City Tax | Special Tax |
|---|---|---|---|---|---|
| Fort Collins | 7.55% | 2.90% | 0.80% | 3.85% | 0% |
|
Erie |
7.40% | 2.90% | 0% | 3.50% | 1.00% |
Popular questions about sales tax in Longmont
The sales tax is paid by the consumer to the business. The business then collects the sales taxes and pays them out to the Department Of Revenue. Sales taxes are paid on qualifying goods, otherwise known as taxable goods. Sales taxes also apply to taxable services. Not every product or service sold qualifies for sales taxes. Some are sales tax exempt.
On the category of sales exempt, there are various items and services. These depend on the type of business that is selling them and depends on the state. Various states have different rules when it comes to sales exempt items and services. Sales tax exempt are also businesses that are qualified as non-profit.
To get more information on sales taxes, you can check this link. You will get info about what should a business do to collect taxes, about the applicable laws that determine how a business pays sales taxes and how to determine the appropriate sales tax for a newly established business. It is imperative to know that the tax rate that a business charge depends on its nexus, otherwise known as a place of incorporation.
Sales taxes rates change by zip code as each county can impose its own sales taxes. When we factor both state taxes and local taxes, we can see that in all USA, there are some areas that you end up paying more in sales taxes. We will list the top 5 states in the USA that have the highest sales taxes.
- New York has a state tax of 4%. A during up the local taxes, the final tax rate can add up to 8.5%. The metro city area has a surcharge of 0.375% to fund public transport. Groceries and drugs are tax-exempt in NY.
- Then we have Kansas. It has a state sales tax of 6.25%. Some local areas can charge an additional 4%. The average sales tax rate in Kansas is 8.7%, even though some areas can reach up to 10%. The sales tax applies to everything; hence it is very expensive there.
- California has a state tax of 7.25% and local areas can charge an additional 2.5%. The average combined sales tax is 8.82%.
- Illinois has a state tax of 6.25% and some local areas charge up to 4.75%. The average sales tax rate is 8.83%.
- Oklahoma has a state tax of 4.75% and local areas can charge up to 7% extra on sales taxes. The average sales tax is 8.95%.
There are some special goods and services that do not qualify for the sales tax rate but instead are charged another rate. The most common category of these items falls under the excise tax. This is a special tax rate that is charged to gas, fuel, tobacco, and other goods that are heavily regulated by the government. Some services qualify for excise tax, such as using the highway. Air travel is in this category too.
Sales taxes are collected by the Department of Revenue. The taxes go to the General Fund, and it funds government expenses. Some parts of the sales tax fund state operations, such as K-12 education. The money can be used to fund other public services. The money collected from taxes is also used to pay the wages of jobs that are related to government agencies, such as police departments, libraries, museums, etc.
A sales tax certificate is a document that allows a business to make sales-tax-free purchases of goods and services that it intends to reuse for business and to later sell and collect sales tax on. Some states allow buyers and businesses that engage in frequent transactions to create a blanket certificate. This is a simplified version of the sale certificate, and it is valid for a specified amount of time.
Sellers that do not have a large volume of transactions do not even need a sale certificate. Such is the case of garage sales. Some states offer direct payment certificates, which allow for the purchasers to not pay any sales tax to their sellers, but they pay everything to the government directly. There are numerous intricate scenarios and for this, you need a good CPA or a sales law specialist to better guide you.