Current:Home > reviewsThese are the states with the highest and lowest tax burdens, a report says -MoneyFlow Academy
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-17 05:43:49
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! (8622)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Amazon Influencers Share the Items They Always Subscribe & Save
- Dozens of flights are canceled after a fire rips through a parking garage at London’s Luton Airport
- Are terrorists trying to enter the U.S. through the southern border? Here are the facts.
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Republicans appear no closer to choosing a new leader after candidate forum
- Who is Mary Lou Retton? Everything to know about the American gymnastics icon
- Chef Michael Chiarello's fatal allergic reaction reveals allergies’ hidden dangers
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Memorial honors 1911 Triangle Shirtwaist factory fire deaths that galvanized US labor movement
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Gaza residents describe their horror as Israeli forces bombard city: There is no safe place
- The Machine: Diamondbacks rookie Corbin Carroll playing beyond his years in MLB playoffs
- DJ Moore is first Bears wide receiver since 1999 to win NFC Offensive Player of the Week
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Machine Gun Kelly Responds on Bad Look After Man Rushes Stage
- The Social Security cost-of-living adjustment is coming -- but it won’t be as big as this year’s
- Post Malone, Dallas Cowboys team up to open Cowboys-themed Raising Cane's restaurant
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Walmart heir wants museums to attract more people and donates $40 million to help
Book excerpt: Sly Stone's memoir, Thank You (Falettinme Be Mice Elf Agin)
Democratic challenger raises more campaign cash than GOP incumbent in Mississippi governor’s race
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Oklahoma man who spent 30 years in prison for rape is exonerated after DNA testing: I have never lost hope
Norway activists renew protest against wind farm on land used by herders
Republicans appear no closer to choosing a new leader after candidate forum