Current:Home > StocksThese 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:2025-04-13 15:34:04
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! (7912)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Martin Lawrence Shares Update on Friend Jamie Foxx Amid Hospitalization
- 1,600 bats fell to the ground during Houston's cold snap. Here's how they were saved
- Vanderpump Rules' Ariana Joked About Being in a Throuple With Tom and Raquel Before Affair News
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Why heat wave warnings are falling short in the U.S.
- Dozens died trying to cross this fence into Europe in June. This man survived
- 5 New Year's resolutions to reduce your carbon footprint
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Bebe Rexha Addresses Upsetting Interest in Her Weight Gain
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Allow Ariana Grande to Bewitch You With This Glimpse Inside the Wicked Movie
- Climate is changing too quickly for the Sierra Nevada's 'zombie forests'
- Here's what happened on Day 5 of the U.N.'s COP27 climate talks
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Biden tightens methane emissions rules, even as the U.S. pushes for more oil drilling
- Are climate change emissions finally going down? Definitely not
- Rachel McAdams Makes Rare Comment About Family Life With Her 2 Kids
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
Scientists are using microphones to measure how fast glaciers are melting
Buffalo Bills' Damar Hamlin Reveals Official Cause of His Collapse While Announcing NFL Return
Climate activists want Biden to fire the head of the World Bank. Here's why
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Ready to toss out your pumpkins? Here's how to keep them out of the landfill
The U.S. ratifies treaty to phase down HFCs, gases trapping 1,000x more heat than CO2
Kate Spade 24-Hour Flash Deal: Get This $360 Tote Bag for Just $79