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The facts on Idaho’s Tax Climate
7.4%individual income taxTop rate
7.4%corporate income taxFlat rate
$867property taxcollections per capita
Idaho's Individual Income Tax System
Idaho's personal income tax system consists of seven brackets and a top rate of 7.4%. That rate ranks 11th highest among states levying an individual income tax. Idaho's state and local income tax collections per person were $741 in 2011 which ranked 19th lowest nationally.
50-State Table of Individual Income Tax Rates
50-State Table of State Individual Income Tax Collections
50-State Table of State and Local Individual Income Tax Collections Per Capita
Idaho's Corporate Income Tax System
Idaho's corporate income tax system consists of a flat rate of 7.4%. That rate ranks 21st highest among states levying a corporate income tax. Idaho's state and local corporate income tax collections per person were $108 in 2011 which ranked 23rd lowest nationally.
50-State Table of Corporate Income Tax Rates
50-State Table of State and Local Corporate Income Tax Collections Per Capita
50-State Table of State Corporate Income Tax Collections Per Capita
Idaho Sales and Excise Taxes
Idaho levies a 6% general sales or use tax on consumers, which is above the national median of 5.95%. The average local sales tax rate is an additional 0.03%. Idaho's state and local governments collect $753 per person in general sales taxes and $288 per person in excise taxes, for a combined figure of $1041, which ranks 15th lowest nationally. Idaho's gasoline tax stands at 25¢ (24th lowest nationally), while its cigarette tax stands at $0.57 (10th lowest nationally.)
50-State Table of State and Local General and Selective Sales Tax Collections Per Capita
Idaho Property Tax Collections Relatively Low
Idaho's state and local governments collected approximately $867 per person in property taxes, which ranks 11th lowest nationally.
State and local property tax collections per capita by state
Tax Freedom Day Arrives on April 11th in Idaho
Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2014, Idaho taxpayers worked until April 11th (15th earliest nationally) to pay their total tax bill. The Tax Freedom Days of neighboring states are: Washington, April 25th (ranked 9th latest nationally); Oregon, April 20th (ranked 16th latest nationally); Nevada, April 15th (ranked 25th latest nationally); Utah, April 17th (ranked 21st latest nationally); Wyoming, April 17th (ranked 21st latest nationally); and Montana, April 14th (ranked 23rd earliest nationally).
Idaho's State and Local Tax Burden In Line with National Average
Idaho's 2011 tax burden of 9.45% ranks 24th highest out of 50 states, and is below the national average of 9.8%. Idaho's taxpayers pay $3189 per capita in state and local taxes.
Idaho's State-Local Tax Burden, 1977-Present
Other States' State/Local Tax Burdens
Map of U.S. Showing all State's Burdens and Ranks
Historical Chart Comparing All States' State/Local Tax Burdens from 1977 to 2009
Idaho's 2014 Business Tax Climate Index Ranks 18
Idaho ranks 18th in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property. The ranks of neighboring states are as follows: Washington, 6th, Oregon, 12th, Nevada, 3rd, Utah, 9th, Wyoming, 1st, and Montana, 7th.
50-State Comparison of Business Tax Climates (data only) (2013)
2014 State Business Tax Climate Index (full study)
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