Aspen, for a high earner.

How much income tax does a $1M earner pay in Aspen?

About $363K a year, an effective 36%, which leaves $637K of $1,000,000 on Patrician.ch's 2026 model.

At $300K the effective rate is 27%, and at $3M it is 40%. Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled.

Does Aspen tax capital gains?

Yes. A resident pays about 28% in total on a capital gain, about $282K on a $1,000,000 gain, of which 4.4% is Colorado tax and the rest federal.

The rate is modeled on a $1,000,000 gain on listed securities after the common exemptions. Holding periods and exemptions can lower it.

Does Aspen have a wealth tax?

No. United States levies no general annual wealth tax on a resident's net worth.

Does Aspen have an inheritance tax?

Not at state level: Colorado has no estate or inheritance tax. The US taxes an estate at 40% above $15M per person in 2026. A US citizen spouse inherits free.

What a child pays: 40% above $15M. Source: IRS, One Big Beautiful Bill Act, current to October 2026. The heir's own residence and the location of the assets can bring another country's tax into play.

How does a foreigner get residence in Aspen?

Same US immigration rules as everywhere.

Colorado adds a flat 4.4% state income tax on top of federal. Routes that matter for money: Residence by investment, Founder & talent.

What is the property tax on a $5M home in Aspen?

Between $10,183 a year in Red Mountain and $16,476 in Starwood, on a home valued at $5,000,000, at the 2025 rates.

Colorado assesses a home at 6.25% of actual value for every levy except the school district, which uses 7.05%. The Assessor resets actual value every 2 years, and nothing caps the rise between resets.

Where inside Aspen is property tax lowest?

In Red Mountain, billed by Unincorporated Pitkin County, Aspen Fire at 31.429 mills for 2025, against 51.566 mills in Starwood: $6,293 a year less on a home valued at $5,000,000.

Source: Pitkin County Assessor, Abstract of Assessment and Levies for 2025, taxes paid in 2026 (tax areas 7, 1 and 42). Residential assessment rate 6.25% of actual value, 7.05% for the school district levy (HB 24B-1001). For property tax year 2026 the Division of Property Taxation sets the local government rate at 6.80% after a 10% reduction of the first $700,000 of actual value, the school rate stays 7.05%, and Pitkin County certifies the 2026 levies by 22 December 2026. Every area carries Aspen School District RE-1 9.042 mills, Pitkin County 8.292, Colorado Mountain College 3.820, Aspen Valley Hospital 2.080, Roaring Fork Transportation Authority 2.650, Aspen Fire 2.463. The City of Aspen adds 4.335 and Aspen Sanitation 0.059. Starwood adds its metro district, 20.137. Red Mountain parcels inside the Aspen Sanitation district pay 31.488.

What is the cost of living in Aspen?

Aspen scores 125 on the Patrician.ch cost index, where Zurich is 100, and ranks 11 of 100 on cost, 1 being the most expensive.

Safety scores 9 of 10 and schools 7 of 10, with 3,130 sun hours a year. Cost, safety and schools are Patrician.ch editorial indices, not published statistics. United States as a whole was forecast a net inflow of 7,500 millionaires for 2025 (Henley, country level).