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

$2929

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 3

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

48

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

$712

State Gasoline Tax Rate (cents per gallon)

44.10¢

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

1.32%

Click for a comparative tax map!

State and Local Property Tax Collections Per Capita

$2782

Featured Articles

A Visual Guide to Unemployment Benefit Claims

April 2, 2020

Facts and Figures 2020: How Does Your State Compare?

February 13, 2020

Tax Trends at the Dawn of 2020

January 6, 2020

Local Income Taxes in 2019

July 30, 2019

State Tax Changes as of July 1, 2019

July 11, 2019

2019 State Business Tax Climate Index

September 26, 2018

Related Articles

New York Lawmakers Float New Data Tax Proposal

June 2, 2020

A Visual Guide to Unemployment Benefit Claims

April 2, 2020

March 27th Afternoon State Tax Update

March 27, 2020

March 24th Morning State Tax Update

March 24, 2020

New York’s Road to Legalized Marijuana

March 23, 2020

Facts and Figures 2020: How Does Your State Compare?

February 13, 2020

Banning Flavored Tobacco Could Have Unintended Consequences

February 12, 2020

Proposal to Increase New York Beer Tax

January 9, 2020

Tax Trends at the Dawn of 2020

January 6, 2020

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