Current:Home > StocksThese are the states with the highest and lowest tax burdens, a report says -Wealth Pursuit Network
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-19 03:29:53
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! (888)
Related
- North Carolina justices rule for restaurants in COVID
- Capri Sun launches Big Jugs that equal 32 pouches of juice. Here’s where to find them.
- Southern California spent nearly $19.7 million on Lincoln Riley for his first season as football coach
- Apple Music reveals more albums on its 100 Best Albums of all-time list: See numbers 80-71
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Biden and Trump agree to presidential debates on June 27 and Sept. 10
- Inflation eases to 3.4% in boost for the Federal Reserve
- Ex-Augusta National worker admits to stealing more than $5 million in Masters merchandise, including Arnold Palmer's green jacket
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Here's what Americans think is the best long-term investment
Ranking
- Rylee Arnold Shares a Long
- Barge hits a bridge in Galveston, Texas, damaging the structure and causing an oil spill
- Officials searching for a missing diver in Florida recover another body instead
- Woman who fought off crocodile to save her twin sister honored by King Charles III
- What do we know about the mysterious drones reported flying over New Jersey?
- Kirk Cousins' trip to visit Jon Gruden with teammates says plenty about QB's leadership
- Here's what Americans think is the best long-term investment
- Future of Texas’ migrant-blocking buoys may hinge on whether the Rio Grande is ‘navigable’
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
US military says Gaza Strip pier project is completed, aid to soon flow as Israel-Hamas war rages on
Officials searching for a missing diver in Florida recover another body instead
Bronny James focusing on NBA 'dream,' not playing with dad LeBron
Highlights from Trump’s interview with Time magazine
Bumble drops controversial ad poking fun at celibacy, abstinence, issues apology
Honda recall: Over 187,000 Honda Ridgeline trucks recalled over rearview camera issue
'If' movie review: Ryan Reynolds' imaginary friend fantasy might go over your kids' heads