Current:Home > StocksThese are the states with the highest and lowest tax burdens, a report says -Core Financial Strategies
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-17 19:04:06
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
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Wisconsin house explosion kills 1 and authorities say reported gunfire was likely ignited ammunition
- 'Wolfs' trailer: George Clooney, Brad Pitt reunite for first film together in 16 years
- Bachelor Nation’s Ryan Sutter Shares Message on “Right Path” After Trista Sutter’s Absence
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- DNC plans to nominate Biden and Harris virtually before convention
- Thunder GM Sam Presti 'missed' on Gordon Hayward trade: 'That's on me'
- 'Paper Mario: The Thousand-Year Door' worth the wait: What to know about new Switch game
- The Super Bowl could end in a 'three
- After nation’s 1st nitrogen gas execution, Alabama set to give man lethal injection for 2 slayings
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Mummy's arm came off when museum mishandled body, Mexican government says
- State trial underway for man sentenced to 30 years in attack against Nancy Pelosi’s husband
- 2 new giant pandas are returning to Washington's National Zoo from China
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Statistics from Negro Leagues officially integrated into MLB record books
- Is Diddy getting charged? Former associates detail alleged history of abuse in new report
- Passenger accused of running naked through Virgin Australia airliner mid-flight, knocking down crew member
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
VP Harris to address US Air Force Academy graduates
Why Shania Twain Doesn’t “Hate” Ex-Husband Robert “Mutt” Lange for Alleged Affair
Watch 'full-grown' rattlesnake surprise officer during car search that uncovered drugs, gun
A South Texas lawmaker’s 15
A 6th house has collapsed into the Atlantic Ocean along North Carolina’s Outer Banks
Chicago man who served 12 years for murder wants life back. Key witness in case was blind.
Molly Ringwald Says She Was Taken Advantage of as a Young Actress in Hollywood