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Taxes In New York

New York Tax Rates, Collections, and Burdens

How does New York’s tax code compare? New York has a graduated individual income tax, with rates ranging from 4.00 percent to 10.90 percent. There are also jurisdictions that collect local income taxes. New York has a 6.50 percent to 7.25 percent corporate income tax rate. New York has a 4.00 percent state sales tax rate, a max local sales tax rate of 4.875 percent, and an average combined state and local sales tax rate of 8.52 percent. New York’s tax system ranks 49th overall on our 2023 State Business Tax Climate Index.

Each state’s tax code is a multifaceted system with many moving parts, and New York is no exception. The first step towards understanding New York’s tax code is knowing the basics. How does New York collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures: How Does Your State Compare?

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Tax Data by State

Get facts about taxes in your state and around the U.S.

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State Tax Data

Individual Taxes

Top Individual Income Tax Rate
10.9%See Full Study
State Local Individual Income Tax Collections per Capita
$2273Rank: 4
State and Local Tax Burden
14.1%Rank: 50See Full Study

Business Taxes

Top Corporate Income Tax Rate
7.25%See Full Study
State Business Tax Climate Index Ranking
49See Full Study

Sales Taxes

State Sales Tax Rate
4.00%Rank: 40See Full Study
Average Local Sales Tax Rate
4.52%See Full Study
Combined State and Average Local Sales Tax Rate
8.52%Rank: 10See Full Study
State and Local General Sales Tax Collections per Capita
$1682Rank: 10
State Gasoline Tax Rate (cents per gallon)
48.22¢Rank: 9
State Cigarette Tax Rate (dollars per 20-pack)
$4.35Rank: 1

Property Taxes

Property Taxes Paid as a Percentage of Owner-Occupied Housing Value
1.40%Rank: 12
State and Local Property Tax Collections Per Capita
$3118Rank: 4

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