Current:Home > ContactThese are the states with the highest and lowest tax burdens, a report says -OceanicInvest
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-16 06:00:36
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! (351)
Related
- What to watch: O Jolie night
- Winnie the Pooh: Blood and Honey slasher film pulled from Hong Kong cinemas
- Transcript: Pivot co-hosts Kara Swisher and Scott Galloway on Face the Nation, March 19, 2023
- Kate Spade 24-Hour Flash Deal: Get This $280 Crossbody Bag for Just $65
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Isle of Paradise Flash Deal: Save $25 on Mess-Free Self-Tanning Mousse
- Afghanistan school year begins without classes as students unaware and teen girls barred
- Get a Tan in 1 Hour and Save 55% On St. Tropez Express Self-Tanning Mousse
- DoorDash steps up driver ID checks after traffic safety complaints
- Scientists offer compelling non-alien explanation for enigmatic cigar-shaped object that zoomed past Earth in 2017
Ranking
- Intellectuals vs. The Internet
- How Sofia Carson Is Preparing for 2023 Oscars Performance After Song’s Surreal Nomination
- As Congress eyes a TikTok ban, what could happen to the social media platform?
- Transcript: Gary Cohn on Face the Nation, March 19, 2023
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Ditch Sugary Sodas for This 20% Discount on Poppi: An Amazon Top-Seller With 15,000+ 5-Star Reviews
- Paris Hilton Showcases Her Mom Style in Sparkling Gown at Lele Pons' Star-Studded Wedding
- American held hostage since 2016 in West Africa released
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
Keke Palmer Gets Real About Motherhood Struggles After Welcoming Baby Boy
Tom Sandoval Has Not Moved Out Despite Ariana Madix Split
TikTok CEO faces intense questioning from House committee amid growing calls for ban
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
U.S. government agencies may have been double billed for projects in Wuhan, China, records indicate; probe launched
The 28 Best Amazon Sales and Deals to Shop This Weekend: Clothes, Televisions, Beauty Products, and More
Lululemon Belt Bag Restock: Shop Before They Sell Out... Again