02/03/2011 06:02 pm ET Updated May 25, 2011

Colorado Sales Tax Rates Ranked 24th Highest In The Country By The Tax Foundation

Tax Foundation, a non-partisan Washington D.C.-based think tank, ranked Colorado's sales tax rates as the 24th highest in the country in a study released this week.

The rankings were determined by adding state-level sales tax rates with the average local rates.

The study showed that Colorado's state-level tax rate of 2.9% is lowest rate in the country among states that implement state-level sales taxes. However, the average local tax rate in Colorado is 4.08%, exceeded only by the average local rates in Louisiana (4.69 %) and New York (4.52 %).

Tennessee's total tax rate of 9.44% was determined to be the highest in the country, followed by California (9.08%), Arizona (9.01%), Louisiana (8.69%).