Current:Home > NewsThese are the states with the highest and lowest tax burdens, a report says -TradeWisdom
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-17 18:36:00
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! (5)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- A sleeping woman was killed by a bullet fired outside her Mississippi apartment, police say
- Witnesses, evidence indicate Hamas committed acts of sexual violence during Oct. 7 attack
- Five-star quarterback recruit Dylan Raiola flips commitment from Georgia to Nebraska
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Earthquake in northwest China kills at least 95 in Gansu and Qinghai provinces
- Israel finds large tunnel near Gaza border close to major crossing
- Jonathan Majors dropped by Marvel Studios after being found guilty of assaulting ex-girlfriend
- Rylee Arnold Shares a Long
- Eric Montross, national basketball champion with North Carolina, dies at 52
Ranking
- Former Syrian official arrested in California who oversaw prison charged with torture
- Lionel Messi to have Newell's Old Boys reunion with Inter Miami friendly in 2024
- Eric Montross, former UNC basketball star and NBA big man, dies at 52
- FDA finds ‘extremely high’ lead levels in cinnamon at Ecuador plant that made tainted fruit pouches
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- In a landslide, Kansas picks a new license plate. It recalls sunsets and features the Capitol dome
- California set to become 2nd state to OK rules for turning wastewater into drinking water
- Millions of Apple users can claim part of a $25 million settlement. Here's how.
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Step by step, Francis has made the Catholic Church a more welcoming place for LGBTQ people
State Rep. Randy Lyness says he will retire after current term and won’t seek reelection in 2024
Tom Brady points finger at Colts QB Gardner Minshew II after Damontae Kazee hit, suspension
Intellectuals vs. The Internet
Hornets’ Miles Bridges denied access to Canada for NBA game due to legal problems, AP source says
Tennessee proposes 1st express toll lanes around Nashville, Chattanooga, Knoxville
BP suspends all oil shipments through the Red Sea as attacks escalate