Current:Home > reviewsThese are the states with the highest and lowest tax burdens, a report says -Finovate
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-19 08:22:56
This year's federal tax filing deadline of April 18 is quickly approaching, and Americans generally pay some mixture of federal, local, and in most cases, state taxes. But the tax burden of some states significantly outpaces others, data shows.
WalletHub, a personal finance website, released a report this week analyzing total tax burden by state. Tax burden is defined as the proportion of a person's income that goes toward taxes.
It measured a combination of the proportion of property tax, income tax and sales tax that people paid. These were the states with the highest and lowest tax burdens.
Highest tax burdens
- New York - 12.47%
- Hawaii - 12.31%
- Maine - 11.14%
- Vermont - 10.28%
- Connecticut - 9.83%
- New Jersey - 9.76%
- Maryland - 9.44%
- Minnesota - 9.41%
- Illinois - 9.38%
- Iowa - 9.15%
Lowest tax burdens
- Alaska - 5.06%
- Delaware - 6.12%
- New Hampshire - 6.14%
- Tennessee - 6.22%
- Florida - 6.33%
- Wyoming - 6.42%
- South Dakota - 6.69%
- Montana - 6.93%
- Missouri - 7.11%
- Oklahoma - 7.12%
When broken down by category, the states with the highest burden for property tax were Maine (5.33%), Vermont (4.98%) and New Hampshire (4.94%), while the lowest were Alabama (1.39%), Tennessee (1.66%) and Arkansas (1.68%).
The states with the highest burden for income tax are New York (4.72%), Maryland (4.21%) and Oregon (3.62%). There are nine states with no income tax – Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming, One of those states, however — New Hampshire — does tax dividends and interest.
The states with the highest sales tax burden are Hawaii (6.71%), Washington, (5.66%) and New Mexico (5.62%), while the states with the lowest sales tax burden are New Hampshire (1.07%), Delaware (1.09%) and Oregon (1.11%).
veryGood! (3499)
Related
- Current, future North Carolina governor’s challenge of power
- The bodies of an Australian couple killed by a police officer who was an ex-lover have been found
- Coal company owned by West Virginia Gov. Jim Justice is found in contempt
- Massachusetts man sues state for $1M after serving 27 years in prison
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Da'Vine Joy Randolph on 'The Holdovers' and becoming a matriarch
- Macy's to shut down 150 'underproductive' store locations by 2026, company announces
- Analyst Ryan Clark will remain at ESPN after two sides resolve contract impasse
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Cardboard box filled with unopened hockey cards sells for more than $3.7 million at auction
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- NFL mock draft 2024: Can question-mark QB J.J. McCarthy crack top 15 picks?
- In New York, a Legal Debate Over the State’s New Green Amendment
- Music producer latest to accuse Sean ‘Diddy’ Combs of sexual misconduct
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Reigning WNBA MVP Breanna Stewart re-signs with New York Liberty
- UMass to join MAC conference, including previously independent football, per reports
- Louisiana murder suspect pepper sprays deputy, steals patrol car in brazen escape
Recommendation
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
President Joe Biden makes surprise appearance on 'Late Night with Seth Meyers' for show's 10th anniversary
Noise pollution may be harming your health. See which US cities have the most.
Court documents shed new details in killing of nursing student at University of Georgia
Federal hiring is about to get the Trump treatment
By defining sex, some states are denying transgender people of legal recognition
Emhoff to announce $1.7B in pledges to help US President Biden meet goal of ending hunger by 2030
Hawaii’s governor releases details of $175M fund to compensate Maui wildfire victims