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Wealth Management
The 10 Best and 10 Worst States for Taxes
WealthManagement.com Staff Jun 26, 2020

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1. New York
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Total Tax Burden: 12.28%

Property Tax Burden: 4.44%

Individual Income Tax Burden: 4.40%

Total Sales and Excise Tax Burden: 3.44%

 

2. Hawaii
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Total Tax Burden: 11.48%

Property Tax Burden: 2.34%

Individual Income Tax Burden: 2.78%

Total Sales and Excise Tax Burden: 6.36%

 

3. Vermont
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Total Tax Burden: 10.73%

Property Tax Burden: 5.12%

Individual Income Tax Burden: 2.28%

Total Sales and Excise Tax Burden: 3.33%

 

4. Maine
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Total Tax Burden: 10.57%

Property Tax Burden: 4.60%

Individual Income Tax Burden: 2.47%

Total Sales and Excise Tax Burden: 3.50%

 

5. Minnesota
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Total Tax Burden: 10.19%

Property Tax Burden: 2.94%

Individual Income Tax Burden: 3.61%

Total Sales and Excise Tax Burden: 3.64%

 

6. Connecticut
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Total Tax Burden: 9.99%

Property Tax Burden: 4.19%

Individual Income Tax Burden: 3.09%

Total Sales and Excise Tax Burden: 2.71%

 

7. New Jersey
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Total Tax Burden: 9.88%

Property Tax Burden: 5.01%

Individual Income Tax Burden: 2.40%

Total Sales and Excise Tax Burden: 2.47%

 

8. Rhode Island
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Total Tax Burden: 9.84%

Property Tax Burden: 4.55%

Individual Income Tax Burden: 2.21%

Total Sales and Excise Tax Burden: 3.08%

 

9. Illinois
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Total Tax Burden: 9.62%

Property Tax Burden: 4.13%

Individual Income Tax Burden: 1.91%

Total Sales and Excise Tax Burden: 3.58%

 

10. Iowa
DarcyMaulsby/iStock/Getty Images

Total Tax Burden: 9.53%

Property Tax Burden: 3.47%

Individual Income Tax Burden: 2.54%

Total Sales and Excise Tax Burden: 3.52%

 

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10. South Carolina
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Total Tax Burden: 7.48%

Property Tax Burden: 2.88%

Individual Income Tax Burden: 1.98%

Total Sales and Excise Tax Burden: 2.62%

 

9. Alabama
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Total Tax Burden: 7.36%

Property Tax Burden: 1.43%

Individual Income Tax Burden: 1.88%

Total Sales and Excise Tax Burden: 4.05%

 

8. Montana
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Total Tax Burden: 7.22%

Property Tax Burden: 3.51%

Individual Income Tax Burden: 2.47%

Total Sales and Excise Tax Burden: 1.24%

 

7. Oklahoma
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Total Tax Burden: 6.94%

Property Tax Burden: 1.65%

Individual Income Tax Burden: 1.79%

Total Sales and Excise Tax Burden: 3.50%

 

6. New Hampshire
Izzet Keribar/Stone/Getty Images

Total Tax Burden: 6.85%

Property Tax Burden: 5.57%

Individual Income Tax Burden: 0.08%

Total Sales and Excise Tax Burden: 1.20%

 

5. Florida
felixmizioznikov/iStock/Getty Images

Total Tax Burden: 6.82%

Property Tax Burden: 2.79%

Individual Income Tax Burden: 0.00%

Total Sales and Excise Tax Burden: 4.03%

 

4. Wyoming
Andrew Milas/iStock/Getty Images

Total Tax Burden: 6.47%

Property Tax Burden: 3.81%

Individual Income Tax Burden: 0.00%

Total Sales and Excise Tax Burden: 2.66%

 

3. Tennessee
Greg Hurst/iStock/Getty Images

Total Tax Burden: 6.18%

Property Tax Burden: 1.92%

Individual Income Tax Burden: 0.08%

Total Sales and Excise Tax Burden: 4.18%

 

2. Delaware
ChrisBoswell/iStock/Getty Images

Total Tax Burden: 5.52%

Property Tax Burden: 1.85%

Individual Income Tax Burden: 2.47%

Total Sales and Excise Tax Burden: 1.20%

 

1. Alaska
Patrick J. Endres/Corbis/Getty Images

Total Tax Burden: 5.16%

Property Tax Burden: 3.71%

Individual Income Tax Burden: 0.00%

Total Sales and Excise Tax Burden: 1.45%

 

Next Up
The 10 States Where Residents Shoulder the Highest and Lowest Tax Burdens
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