Current:Home > StocksThese are the states with the highest and lowest tax burdens, a report says -Achieve Wealth Network
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-17 09:17:25
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! (856)
Related
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Gov. Abbott says Texas wildfires may have destroyed up to 500 structures
- Have the Courage To Wear a Full Denim Look This Spring With Coach’s New Jean-Inspired Drop
- Confessions of a continuity cop
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Driver rescued after crashed semi dangles off Louisville bridge: She was praying
- Stop Right Now and See Victoria Beckham’s Kids Harper, Brooklyn and Cruz at Paris Fashion Week Show
- Hailey Bieber Shuts Down Justin Bieber Marriage Speculation With Birthday Message
- North Carolina justices rule for restaurants in COVID
- Death of Jon Stewart's dog prompts flood of donations to animal shelter
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Millie Bobby Brown Dives Deep Into How Fiancé Jake Bongiovi Proposed
- Davidson women's basketball team forfeits remainder of season because of injuries
- Vanderpump Rules’ Brittany Cartwright Posts Cryptic Message on Power After Jax Taylor Separation
- All That You Wanted to Know About She’s All That
- Kate Spade Outlet Slides into Spring with Chic Floral Crossbodies Starting at $49, Plus an Extra 25% off
- L.A. Dodgers superstar Shohei Ohtani announces that he's married
- For an Indigenous woman, discovering an ancestor's remains mixed both trauma and healing
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Not your typical tight end? Brock Bowers' NFL draft stock could hinge on value question
Jennifer Dulos Case: Michelle Troconis Found Guilty of Conspiring to Murder
Trove of ancient skulls and bones found stacked on top of each other during construction project in Mexico
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Putin says talk of NATO troops being sent to Ukraine raises the real threat of a nuclear conflict
Caitlin Clark, the Tiger Woods of women's basketball, changes everything for Indiana, WNBA
Report from National Urban League finds continued economic disparities among Black Americans