These are the states where you pay the most and least in taxes

There are a lot of reasons to love New York – taxes aren’t one of them.

The state has the highest tax burden compared to other states, according a new WalletHub report.

The personal-finance website compared the 50 states by property taxes, individual income taxes and sales and excise taxes for its 2017 Tax Burden by State report.

Hawaii, Vermont and Maine follow New York on the list with high taxes. When looking at only property tax, New Hampshire rose to No. 1 for highest property tax as a percentage of personal income.

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States ranked for the lowest tax burdens are Delaware, Alaska, Tennessee and Oklahoma. The study also shows red states have a lower tax burden than blue states.

Here are the top 10 states with the highest tax burdens:

1. New York (12.94%)
2. Hawaii (11.27%)
3. Vermont (10.75%)
4. Maine (10.73%)
5. Minnesota (10.24%)
6. Connecticut (10.23%)
7. New Jersey (10.14%)
8. Rhode Island (10.09%)
9. Illinois (10.00%)
10. California (9.52%)

Here are the states at the bottom of the list, with the lowest tax burdens:

50. Delaware (5.59%)
49. Alaska (6.27%)
48. Tennessee (6.45%)
47. Oklahoma (6.61%)
46. New Hampshire (6.70%)
45. Florida (6.79%)
44. South Dakota (7.12%)
43. Alabama (7.19%)
42. Wyoming (7.29%)
41. Montana (7.51%)

Related

The most tax-friendly state for you? It depends.

Follow Ashley May on Twitter: @AshleyMayTweets 

 

© 2017 USATODAY.COM


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