Current:Home > ContactThese are the states with the highest and lowest tax burdens, a report says -CoinMarket
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-19 12:27:55
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! (7)
Related
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Illinois man wins $25K a year for life from lottery ticket after clerk's lucky mistake
- Suspect in shooting of 3 Palestinian students in Vermont said he was waiting for agents to arrest him, police say
- Antisemitic incidents in Germany rose by 320% after Hamas attacked Israel, a monitoring group says
- Trump issues order to ban transgender troops from serving openly in the military
- Oakland baseball will not die! City announces expansion team in Pioneer Baseball League
- Russell Westbrook gets into shouting match with fan late in Clippers loss
- Panama’s Supreme Court declares 20-year contract for Canadian copper mine unconstitutional
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Body of man reported missing Nov. 1 found in ventilation system of Michigan college building
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Robert De Niro says Apple, Gotham Awards cut his anti-Trump speech: 'How dare they do that'
- In new challenge to indictment, Trump’s lawyers argue he had good basis to question election results
- Stephen Colbert forced to sit out 'Late Show' for a week due to ruptured appendix
- What to watch: O Jolie night
- Live updates | Israel and Hamas extend truce, agree to free more hostages and prisoners
- Live updates | Israel and Hamas extend truce, agree to free more hostages and prisoners
- As Mexico marks conservation day, advocates say it takes too long to list vulnerable species
Recommendation
Don't let hackers fool you with a 'scam
Argentina’s right-wing president-elect to meet with a top Biden adviser
Kenosha man gets life in prison for fatally stabbing his father, stepmother with a machete in 2021
Russia places spokesperson for Facebook parent Meta on wanted list
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
When is the Rockefeller Center Christmas tree lighting? Time, channel, everything to know
The tragic cost of e-waste and new efforts to recycle
With suspension over, struggling Warriors badly need Draymond Green to stay on the court