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A football stadium tax which expired December 31, 2011, but still has a mass transit tax, and scientific and cultural facilities tax. The total sales tax varies by city and county. Total sales tax on an item purchased in Falcon, Colorado, would be 5.13% (2.9% state, 1.23% county, and 1% PPRTA). The sales tax rate in Larimer County is roughly 7.5%.
LOSTs are always appended onto a state's base sales tax rate, most commonly at a rate of 1%. For example, in Iowa, the base sales tax rate is 6% statewide, or six cents per dollar. [1] [2] If a city or county in Iowa were to implement a local option sales tax, this would result in a 7% sales tax rate, or seven cents per dollar. Since a LOST is ...
The SCFD is funded by a 0.1% sales and use tax that provided funding to 240 organizations in 2015. [ 2 ] The district comprises seven counties in the Denver Metropolitan Area: Adams , Arapahoe , Boulder , Broomfield , Denver , Douglas , and Jefferson .
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High sales taxes can be used to relieve property taxes but only when property taxes are lowered subsequently. [24] Studies that have shown this correlation were conducted in Georgia by cities raising sales tax and lowering property taxes. To combat sales loss, a city must be able to import consumers to buy goods locally. [23]
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The remaining segment, extending to downtown Longmont, will require additional funding [7] in order to be completed prior to 2042. [4] The announcement angered many voters in the cities and suburbs north of Denver, who had approved a sales tax increase in 2004 to fund the FasTracks project. [8] [9] [4]