Current:Home > ScamsThese are the states with the highest and lowest tax burdens, a report says -AssetLink
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-14 13:52:34
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! (91173)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Royal Rumble winner Cody Rhodes agrees that Vince McMahon lawsuit casts 'dark cloud' over WWE
- Rep. Nancy Mace's former chief of staff files to run against her in South Carolina
- The Bachelor’s Joey Graziadei Reveals the Warning He Was Given About Fantasy Suites
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Where Sophia Bush Thinks Her One Tree Hill Character Brooke Davis Is Today
- Patients say keto helps with their mental illness. Science is racing to understand why
- Coronavirus FAQ: How long does my post-COVID protection last? When is it booster time?
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- FAFSA freaking you out? It's usually the best choice, but other financial aid options exist
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Maryland brothers charged in alleged lottery scheme that netted $3.5 million
- A Publicly-Owned Landfill in Alabama Caught Fire and Smoldered for 50 Days. Nearby Residents Were Left in the Dark
- French farmers vow to continue protesting despite the government’s offer of concessions
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- After LA police raid home of Black Lives Matter attorney, a judge orders photographs destroyed
- Police: Philadelphia officer shot after scuffle with person in store; 2nd officer kills suspect
- Tuvalu’s prime minister reportedly loses his seat in crucial elections on the Pacific island nation
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Environmental officials working to clean up fuel after fiery tanker truck crash in Ohio
Trump praises Texas governor as border state clashes with Biden administration over immigration
Hiker dies of suspected heart attack in Utah’s Zion National Park, authorities say
Small twin
This state is quickly becoming America's clean energy paradise. Here's how it's happening.
Haus Labs Review: How Lady Gaga's TikTok-Viral Foundation, Lip Lacquers and More Products Hold Up
'Come and Get It': This fictional account of college has plenty of truth baked in