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

$2929

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State and Local Tax Burden

12.7%

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Tax Freedom Day

May 3

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Top Corporate Income Tax Rate

6.50%

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State Business Tax Climate Index Ranking

48

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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

$712

State Gasoline Tax Rate (cents per gallon)

44.10¢

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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

1.32%

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State and Local Property Tax Collections Per Capita

$2782

Featured Articles

Local Income Taxes in 2019

July 30, 2019

2019 State Business Tax Climate Index

September 26, 2018

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

May 18, 2018

Related Articles

Local Income Taxes in 2019

July 30, 2019

State Tax Changes as of July 1, 2019

July 11, 2019

Facts and Figures 2019: How Does Your State Compare?

March 19, 2019

Governor Cuomo’s Aggressive Theory of Tax Flight—And Why He’s Wrong About How to Stop It

February 15, 2019

Governor Cuomo Concedes that New York’s Tax Code is Uncompetitive

November 14, 2018

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

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