Current:Home > StocksThese are the states with the highest and lowest tax burdens, a report says -Strategic Wealth Hub
These are the states with the highest and lowest tax burdens, a report says
ViewDate:2025-04-28 09:03:54
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! (4)
Related
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- 2020 Ties 2016 as Earth’s Hottest Year on Record, Even Without El Niño to Supercharge It
- This Review of Kim Kardashian in American Horror Story Isn't the Least Interesting to Read
- In the Sunbelt, Young Climate Activists Push Cities to Cut Emissions, Whether Their Mayors Listen or Not
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Floods and Climate Change
- The number of Americans at risk of wildfire exposure has doubled in the last 2 decades. Here's why
- Please Don't Offer This Backhanded Compliment to Jennifer Aniston
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Shooting leaves 3 dead, 6 wounded at July Fourth celebration in Shreveport, Louisiana
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Net-Zero Energy Homes Pay Off Faster Than You Think—Even in Chilly Midwest
- Louisiana’s New Climate Plan Prepares for Resilience and Retreat as Sea Level Rises
- Kate Spade 24-Hour Flash Deal: Get This $280 Crossbody Bag for Just $65
- Intel's stock did something it hasn't done since 2022
- These On-Sale Amazon Shorts Have 12,000+ 5-Star Ratings— & Reviewers Say They're So Comfortable
- Nine Years After Filing a Lawsuit, Climate Scientist Michael Mann Wants a Court to Affirm the Truth of His Science
- Proof Jennifer Coolidge Is Ready to Check Into a White Lotus Prequel
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Covid-19 and Climate Change Threats Compound in Minority Communities
It was a bloodbath: Rare dialysis complication can kill patients in minutes — and more could be done to stop it
In a Growing Campaign to Criminalize Widespread Environmental Destruction, Legal Experts Define a New Global Crime: ‘Ecocide’
Trump issues order to ban transgender troops from serving openly in the military
Despite Capitol Hill Enthusiasm for Planting Crops to Store Carbon, Few Farmers are Doing It, Report Finds
Fueled by Climate Change, Wildfires Threaten Toxic Superfund Sites
The number of Americans at risk of wildfire exposure has doubled in the last 2 decades. Here's why