Current:Home > reviewsThese are the states with the highest and lowest tax burdens, a report says -CapitalCourse
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-14 02:46:24
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! (1734)
Related
- Trump issues order to ban transgender troops from serving openly in the military
- Proof Dream Kardashian and Tatum Thompson Already Have a Close Bond Like Rob and Khloe Kardashian
- 'Stay out of (our) business': Cowboys' Trevon Diggs, Dak Prescott shrug off trash talk
- Fugitive who escaped a Colorado prison in 2018 found in luxury Florida penthouse apartment
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Florida effectively bans AP Psychology for gender, sex content: College Board
- University of Wisconsin Oshkosh announces layoffs, furloughs to shrink $18 million deficit
- Former Mississippi law enforcement officers plead guilty over racist assault on 2 Black men
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Justin Jones, Justin Pearson win reelection following 'Tennessee Three' expulsion vote
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- After disabled 6-year-old dies on the way to school, parents speak out about safety
- Georgia man posed as missionary, spent $30 million donated for Bibles, feds say
- A truck driver won $1M after announcing his retirement. He still put in his last 2 weeks.
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Celtics' Larry Bird steps up in Lakers' 'Winning Time': Meet the actor playing the NBA legend
- Watch: Sisters find kitten at Indy 500, welcome him home to cat family
- Remains found in shallow grave in 2007 identified as Florida woman who was never reported missing
Recommendation
Small twin
Want tickets to Taylor Swift's new tour dates? These tips will help you score seats
Nate Diaz, Jake Paul hold vulgar press conference before fight
Prosecutor wants to defend conviction of former Missouri detective who killed Black man
Travis Hunter, the 2
Hyundai, Kia recall 91,000 vehicles for fire risk: ‘Park outside and away from structures’
Hugh Hefner's Wife Crystal Hefner Is Ready to Tell Hard Stories From Life in Playboy Mansion
Texas man who threatened poll workers and Arizona officials is sentenced to 3 1/2 years