Current:Home > NewsThese are the states with the highest and lowest tax burdens, a report says -VisionFunds
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-12 12:16:33
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! (921)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- California Cities Planned to Shut off Gas in New Buildings, but a Lawsuit Turned it Back On. Now What?
- 'I will never forgive you for this': Whole Foods' Berry Chantilly cake recipe has changed
- The final day for the Oakland Athletics arrives ahead of next season’s move away from the Bay
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Georgia power outage map: Thousands still without power days after Helene
- Could a doping probe strip Salt Lake City of the 2034 Olympics? The IOC president says it’s unlikely
- In Alabama, Trump goes from the dark rhetoric of his campaign to adulation of college football fans
- B.A. Parker is learning the banjo
- California governor vetoes bill to create first-in-nation AI safety measures
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Looking Back on Gwyneth Paltrow and Brad Falchuk's Pinterest-Perfect Hamptons Wedding
- Rachel Zoe Shares Update on Her Kids Amid Divorce From Husband Rodger Berman
- Looking Back on Gwyneth Paltrow and Brad Falchuk's Pinterest-Perfect Hamptons Wedding
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Death of Stanford goalie Katie Meyer in 2022 leads to new law in California
- Angelina Jolie and 3 of Her Kids Make Rare Red Carpet Appearance at New York Film Festival
- How to watch SpaceX, NASA launch that will bring Starliner astronauts home in 2025
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Climate Impacts Put Insurance Commissioner Races in the Spotlight
6 Things Kathryn Hahn Can't Live Without
Rashee Rice's injury opens the door for Travis Kelce, Xavier Worthy
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Is there a 'ManningCast' tonight? When Peyton, Eli Manning's ESPN broadcast returns
Supplies are rushed to North Carolina communities left isolated after Helene
Trump is pointing to new numbers on migrants with criminal pasts. Here’s what they show