Current:Home > MarketsThese are the states with the highest and lowest tax burdens, a report says -Wealth Momentum Network
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-13 15:15:26
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! (467)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- 'Transformers One': Chris Hemsworth embraces nostalgia as Optimus Prime
- Who is the athlete in the Olympic opening ceremony video? Zinedine Zidane stars
- How Josh Hall Is Completely Starting Over After Christina Hall Split
- Meet first time Grammy nominee Charley Crockett
- Judge takes final step to overturn Florida’s ‘Stop WOKE Act’
- At least 8 large Oklahoma school districts rebuke superintendent's order to teach Bible
- Dallas Cowboys Cheerleaders Charly Barby & Kelly Villares Have Emotional Reaction to Finally Making Team
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Homeless people say they will likely return to sites if California clears them under Newsom’s order
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- World record in 4x100 free relay could fall at these Olympics
- Flag etiquette? Believe it or not, a part of Team USA's Olympic prep
- Taco Bell is celebrating Baja Blast's 20th anniversary with freebies and Stanley Cups
- Arkansas State Police probe death of woman found after officer
- New Ohio law mandates defibrillators in schools, sports venues after 2023 collapse of Bills’ Hamlin
- Sophia Bush, Zendaya, more looks from Louis Vuitton event ahead of 2024 Paris Olympics: See photos
- Gymnastics' two-per-country Olympics rule created for fairness. Has it worked?
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Arkansas standoff ends with suspect dead after exchange of gunfire with law enforcement
Man charged with starting massive wildfire in California as blazes burn across the West
Prince Harry 'won't bring my wife back' to the UK over safety concerns due to tabloids
All That You Wanted to Know About She’s All That
Who Is Lady Deadpool? Actress Revealed Amid Blake Lively, Taylor Swift Cameo Rumors
Judge in Trump’s civil fraud case says he won’t recuse himself over ‘nothingburger’ encounter
Everyone's obsessed with Olympians' sex lives. Why?