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%

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State and Local Individual Income Tax Collections per Capita

$2789

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State and Local Tax Burden

12.7%

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Tax Freedom Day

May 11

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Top Corporate Income Tax Rate

6.50%

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State Business Tax Climate Index Ranking

49

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State Sales Tax Rate

4.00%

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Average Local Sales Tax Rate

4.49%

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Combined State and Average Local Sales Tax Rate

8.49%

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State and Local General Sales Tax Collections per Capita

$1457

State Gasoline Tax Rate (cents per gallon)

44.3¢

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State Cigarette Tax Rate (dollars per 20-pack)

$4.35

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

1.40%

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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

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