Current:Home > NewsThese are the states with the highest and lowest tax burdens, a report says -Horizon Finance Path
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-18 22:04:29
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! (75647)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Maryland student arrested over school shooting plot after 129-page manifesto was found
- Milwaukee teenager gets 13 years for shooting inside restaurant that killed 2 other teens
- Dave McCarty, World Series winner with 2004 Boston Red Sox, dies at 54
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- New York lawmakers pass $237 billion budget addressing housing construction and migrants
- Taylor Swift breaks Spotify records for most-streamed album, most-streamed artist in a single day
- NHL games today: Everything to know about Sunday playoff schedule
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Horoscopes Today, April 19, 2024
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Horoscopes Today, April 19, 2024
- Michigan basketball lands commitment from 4-star Justin Pippen, son of Scottie Pippen
- California is rolling out free preschool. That hasn’t solved challenges around child care
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- New York Attorney General Letitia James opposes company holding Trump's $175 million bond in civil fraud case
- Marijuana grow busted in Maine as feds investigate trend in 20 states
- AP Photos: A gallery of images from the Coachella Music Festival, the annual party in the desert
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
Mark Zuckerberg Reacts to His Photoshopped Thirst Trap Photo
Who will win the Stanley Cup? Predictions for NHL playoffs bracket
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Nacho fries return to Taco Bell for longest run yet with new Secret Aardvark sauce
Looking to submit this year's FAFSA? Here is how the application works and its eligibility
Dwayne Johnson talks Chris Janson video collab, says he once wanted to be a country star