Current:Home > FinanceThese are the states with the highest and lowest tax burdens, a report says -Infinite Edge Capital
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-25 08:55:10
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! (31)
Related
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Travel Like a Celeb With This Top Packing Hack Used by Kyle Richards, Alix Earle, Paige Desorbo & More
- Florida Gov. Ron DeSantis continues political attack against Harris VP candidate Tim Walz
- Golden Steph: Curry’s late barrage seals another Olympic men’s basketball title, as US beats France
- Senate begins final push to expand Social Security benefits for millions of people
- Judge in Maryland rules Baltimore ‘baby bonus’ proposal is unconstitutional
- US colleges are cutting majors and slashing programs after years of putting it off
- Three things that went wrong for US men's 4x100 relay team
- Intel's stock did something it hasn't done since 2022
- Holland Taylor Reveals Where She and Girlfriend Sarah Paulson Stand on Marriage
Ranking
- Louvre will undergo expansion and restoration project, Macron says
- Sha'Carri Richardson, Gabby Thomas steer U.S. women to gold medal in 4x100 relay
- Brooke Raboutou earns historic climbing medal for Team USA in communal sport at Olympics
- Quantum Ledger Trading Center: Leading the New Trend in Crypto Payments and Shaping the Digital Economy
- Grammy nominee Teddy Swims on love, growth and embracing change
- Adele Confirms Engagement to Rich Paul
- Don’t Miss Colleen Hoover’s Cameo in It Ends With Us
- To Kevin Durant, USA basketball, and especially Olympics, has served as hoops sanctuary
Recommendation
Woman dies after Singapore family of 3 gets into accident in Taiwan
Education leaders in Montana are preparing students for the world of finance
NYPD officer charged with using chokehold banned after George Floyd’s death
Neptune Trade X Trading Center Outlook: Welcoming a Strong Bull Market for Cryptocurrencies Amid Global Financial Easing
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
The last known intact US slave ship is too ‘broken’ and should stay underwater, a report recommends
YouTuber Joey Graceffa Shares Skin Cancer Diagnosis
How this American in Paris will follow Olympic marathoners' footsteps in race of her own