Current:Home > ContactThese are the states with the highest and lowest tax burdens, a report says -FutureWise Finance
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-27 13:40:54
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! (75)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- New Hampshire sheriff pleads not guilty to theft, perjury and falsifying evidence
- Shooting incident in Slovak capital leaves 1 dead, 4 injured
- New bill seeks to pressure police nationwide to take inventory of untested rape kits or lose funding
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Muscogee Nation judge rules in favor of citizenship for slave descendants known as freedmen
- Remains of Suzanne Morphew found 3 years after her disappearance
- Suspect Jason Billingsley arrested in murder of Baltimore tech CEO Pava LaPere
- Retirement planning: 3 crucial moves everyone should make before 2025
- Powerball jackpot at $850 million for Sept. 27 drawing. See Wednesday's winning numbers.
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- How Kelly Ripa and Mark Consuelos' Daughter Lola Feels About Paparazzi After Growing Up in the Spotlight
- Michael Gambon, who played Dumbledore in 'Harry Potter,' dies at 82
- In Yemen, 5 fighters from secessionist force killed in clashes with suspected al-Qaida militants
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Judge rejects Trump's effort to have her recused from Jan. 6 case
- Kylie Jenner Turns Heads With Bangin' Look During Red Hot Paris Fashion Week Appearance
- For Sanibel, the Recovery from Hurricane Ian Will Be Years in the Making
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
The Masked Singer Reveals the Rubber Ducky's Identity as This Comedian
Lightning strike kills 16-year-old Florida girl who was out hunting with her dad
Muscogee Nation judge rules in favor of citizenship for slave descendants known as freedmen
What do we know about the mysterious drones reported flying over New Jersey?
NATO’s secretary-general meets with Zelenskyy to discuss battlefield and ammunition needs in Ukraine
Hundreds attend funeral for high school band director who died in bus crash
North Dakota Supreme Court strikes down key budget bill, likely forcing Legislature to reconvene