Lots of people are worried about taxes this year. Inflation is through the roof and people are hoping more than ever that they don’t owe the government money.  Tax day is looming and residents of some states are better off than others.

Photo by Kelly Sikkema on Unsplash
Photo by Kelly Sikkema on Unsplash
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WalletHub conducted a survey of the states with the highest and lowest tax rates.  This is where New Jersey falls. The dollar amount is the average state and federal annual taxes combined due per household. 

1Alaska$4,870
2Delaware$4,707
3Montana$4,773
4Nevada$5,636
5Wyoming$5,511
6Florida$5,355
7Utah$6,887
8Idaho$5,545
9Colorado$7,383
10Tennessee$4,964
11Oregon$7,329
12California$9,612
13South Carolina$5,288
14Alabama$4,924
15District of Columbia$10,357
16Arizona$6,452
17West Virginia$4,780
18New Hampshire$8,061
19North Dakota$6,652
20North Carolina$6,302
21Georgia$6,692
22New Mexico$5,698
23Virginia$8,578
24Hawaii$10,456
25Louisiana$5,710
26Massachusetts$10,870
27South Dakota$6,597
28Rhode Island$8,842
29Arkansas$5,712
30Missouri$6,578
31Minnesota$8,511
32Oklahoma$6,154
33Maryland$10,729
34Maine$7,289
35Indiana$6,851
36Vermont$8,060
37Mississippi$5,834
38Washington$10,915
39Michigan$6,965
40Kentucky$6,698
41Texas$8,006
42Wisconsin$8,089
43New Jersey$12,652
44Nebraska$7,786
45Ohio$7,306
46Iowa$7,645
47Kansas$7,919
48Pennsylvania$8,820
49New York$12,047
50Connecticut$12,120
51Illinois$9,987

New Jersey is really out of control tax-wise but at least we beat out Nebraska, Ohio, Iowa, Kansas, Pennsylvania, New York, Connecticut, and Illinois.

Tax Rates in New Jersey (1=Lowest; 25=Avg.):

  • 43rd – Overall Effective State & Local Tax Rate
  • 10th – Income Tax
  • 51st – Real-Estate Tax
  • 1st – Vehicle Property Tax
  • 7th – Sales & Excise Taxes

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