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 2022 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?

Top Individual Income Tax Rate

10.9%

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State and Local Individual Income Tax Collections per Capita

$3407

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State and Local Tax Burden

15.9%

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Top Corporate Income Tax Rate

7.25%

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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

4.52%

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Combined State and Average Local Sales Tax Rate

8.52%

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State and Local General Sales Tax Collections per Capita

$1706

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State Gasoline Tax Rate (cents per gallon)

48.22¢

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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

1.38%

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State and Local Property Tax Collections Per Capita

$3180

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