Current:Home > MarketsThese are the states with the highest and lowest tax burdens, a report says -InfinityFinance
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-14 04:24:44
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! (5597)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Student loan borrowers are facing nightmare customer service issues, prompting outcry from states
- Watch Gwen Stefani’s Reaction to Niall Horan’s Hilarious Impression of Blake Shelton
- 6th-grade teacher, college professor among 160 arrested in Ohio human trafficking bust
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- New Mexico attorney general has charged a police officer in the shooting death of a Black man
- US appeals court to hear arguments over 2010 hush-money settlement of Ronaldo rape case in Vegas
- The $22 Cult-Fave Beauty Product Sofia Franklyn Always Has in Her Bag
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Zimbabwe’s opposition boycotts president’s 1st State of the Nation speech since disputed election
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- US automakers’ sales rose sharply over the summer, despite high prices and interest rates
- 'Like living under a slumlord': How mega investor made affordable homes a rental nightmare
- Pope Francis could decide whether Catholic Church will bless same-sex unions
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Mauricio Umansky Reacts to Explosive RHOBH Trailer Amid Kyle Richards Marriage Troubles
- Why oust McCarthy? What Matt Gaetz has said about his motivations to remove the speaker of the House
- Jamie Lynn Spears eliminated in shocking 'Dancing With the Stars' Week 2. What just happened?
Recommendation
Don't let hackers fool you with a 'scam
NYC student sentenced to 1 year in Dubai prison over airport altercation, group says
New Mexico attorney general has charged a police officer in the shooting death of a Black man
Who voted to oust McCarthy as speaker? See the final tally of the House roll call
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
DOJ says Veterans Affairs police officer struck man with baton 45 times at medical center
Why Dakota Johnson and Chris Martin Have Kept Their Relationship So Private
Poland’s central bank cuts interest rates for the second time in month