Current:Home > FinanceThese are the states with the highest and lowest tax burdens, a report says -WealthSync Hub
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-14 20:52:39
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! (7245)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Today's election could weaken conservatives' long-held advantage in Wisconsin
- For the first time in 15 years, liberals win control of the Wisconsin Supreme Court
- Iam Tongi Wins American Idol Season 21
- The Best Stocking Stuffers Under $25
- Jennifer Lawrence Showcases a Red Hot Look at 2023 Cannes Film Festival
- More pollen, more allergies: Personalized exposure therapy treats symptoms
- 'You forget to eat': How Ozempic went from diabetes medicine to blockbuster diet drug
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- California restaurant used fake priest to get workers to confess sins, feds say
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- A smart move on tax day: Sign up for health insurance using your state's tax forms
- The TikTok-Famous Zombie Face Mask Exceeds the Hype, Delivering 8 Skincare Treatments in 1 Product
- Soaring Costs Plague California Nuke Plant Shut Down By Leak
- In ‘Nickel Boys,’ striving for a new way to see
- This Week in Clean Economy: Renewables Industry, Advocates Weigh In on Obama Plan
- How Congress Is Cementing Trump’s Anti-Climate Orders into Law
- More pollen, more allergies: Personalized exposure therapy treats symptoms
Recommendation
North Carolina justices rule for restaurants in COVID
Biden Names Ocasio-Cortez, Kerry to Lead His Climate Task Force, Bridging Democrats’ Divide
Video: Covid-19 Drives Earth Day Anniversary Online, Inspiring Creative New Tactics For Climate Activists
Soaring Costs Plague California Nuke Plant Shut Down By Leak
Travis Hunter, the 2
20 Fascinating Facts About Reba McEntire
EPA’s ‘Secret Science’ Rule Meets with an Outpouring of Protest on Last Day for Public Comment
This Week in Clean Economy: Green Cards for Clean Energy Job Creators