Total Tax Burden in Lakewood, CO
Living in Lakewood with the median household income of $65,740, your estimated total tax burden — including federal income tax, FICA, property tax, and sales tax — is approximately $18,665, an effective rate of 28.4%.
Federal Income Tax (est.)
$9,204
14.0% of income
FICA (SS + Medicare)
$5,029
7.6% of income
Property Tax
$2,592
0.54% effective rate
Sales Tax (est.)
$1,841
8.00% rate
Total Estimated Tax Burden
$18,665
Effective Rate
28.4%
Based on median income of $65,740, median home price of $480,000, and estimated taxable spending of $23,009. Actual taxes vary by individual circumstances. Use our calculators for a personalized estimate.
Tax Details for Lakewood
Lakewood residents face a combined local sales tax rate of 8.00%. This is a moderate sales tax rate that includes both state and local components.
Property taxes on the median-priced home of $480,000 would cost approximately $2,592 per year, or $216/month. The effective rate of 0.54% is below the national median, making property ownership more tax-friendly.
Get a Personalized Tax Estimate
These estimates are based on median values. Use our Total Tax Burden Calculator for a breakdown based on your actual income, home value, and spending.
Calculate Your Tax Burden