Taxes in New York

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 rank?  Below, we have highlighted a number of tax rates, ranks, and measures detailing New York’s income tax, business tax, sales tax, and property tax systems. Click the tabs below to explore!

Top Individual Income Tax Rate

8.82%

See Full Study

State and Local Individual Income Tax Collections per Capita

$2789

Click for a comparative tax map!

State and Local Tax Burden

12.7%

Click for a comparative tax map!
See Full Study

Tax Freedom Day

May 11

Click for a comparative tax map!
See Full Study

Top Corporate Income Tax Rate

6.50%

See Full Study

State Business Tax Climate Index Ranking

49

See Full Study

State Sales Tax Rate

4.00%

Click for a comparative tax map!
See Full Study

Average Local Sales Tax Rate

4.49%

See Full Study

Combined State and Average Local Sales Tax Rate

8.49%

Click for a comparative tax map!
See Full Study

State and Local General Sales Tax Collections per Capita

$1457

State Gasoline Tax Rate (cents per gallon)

44.3¢

Click for a comparative tax map!

State Cigarette Tax Rate (dollars per 20-pack)

$4.35

Click for a comparative tax map!

Property Taxes Paid as a Percentage of Owner-Occupied Housing Value

1.40%

Click for a comparative tax map!

State and Local Property Tax Collections Per Capita

$2697


Featured Articles

2019 State Business Tax Climate Index

September 26, 2018

Radical Changes to Small Business Taxation in the Works in New York

May 18, 2018

2018 State Business Tax Climate Index

October 17, 2017


Related Articles

2019 State Business Tax Climate Index

September 26, 2018

Evaluating the SALT Deduction Constitutional Challenge

July 17, 2018

Radical Changes to Small Business Taxation in the Works in New York

May 18, 2018

Is Every Tax Cut Kansas?

May 16, 2018

New York, New Jersey, and Connecticut v. the United States: A Preview of the SALT Limit Constitutional Challenge

April 3, 2018

New York’s SALT Avoidance Scheme Could Actually Raise Your Taxes

April 2, 2018

States Explore Taxing Carried Interest

March 6, 2018

State Tax Changes That Took Effect on January 1, 2018

January 2, 2018

2018 State Business Tax Climate Index

October 17, 2017

How High Are State and Local Tax Collections in Your State?

October 12, 2017

Is the State and Local Tax Deduction in Place to Protect Against Double Taxation?

September 21, 2017

Where Did Americans Move in 2016?

January 4, 2017

Lunch Links: Growing Nature of Marijuana Taxes; Meeting of the Minds between EU and Ireland; Out of His Role as Trump, Alec Baldwin in Some Tax Trouble

November 8, 2016

Lunch Links: Handy Tax Calculator Before Casting Your Presidential Ballot; New York, not Nevada, Could Haul in Biggest Casino Taxes; EU Nations Debate Tax Haven Definition

November 7, 2016

Lunch Links: Raising Gas Taxes A ‘Non-Issue’ for Incumbents in Iowa Legislative Races; High-Income Earner Taxes on Ballot in California and Maine; Corporate Tax Breaks for Housing, Development Projects Cost NYC $3 Billion

November 3, 2016

Lunch Links: Sen. Blumenthal Calls for Simplifying Tax on Business Travelers; Massachusetts Girding for 2018 Income Tax Boost; Maryland Legislators Warned about Revenue Gap

October 27, 2016

Lunch Links: Schumer Pushes for Social Security Boost; Impact of Passing Tobacco Tax Initiatives in Missouri; Marylanders to Vote on Further Tax for Subway Improvements

October 24, 2016

Lunch Links: Getting Flint Water Bill to a Vote Averts Federal Government Shutdown; Compromise Sought on D.C. Paid Leave; Albany, N.Y., Caught in a Land Grab for Property Tax; TV Ads Begin on Oregon GRT Measure

September 28, 2016

2017 State Business Tax Climate Index Released Today!

September 28, 2016

Lunch Links: Pairing Trump Tax Breaks Together Ill-advised; Carbon Tax an Issue in Vermont Governor’s Race; Soft Serve in Many Splendid Tax Forms

August 19, 2016