Alaska is the state with the lowest tax rate, while Illinois is the state with the highest, according to personal finance site WalletHub.
In a report released March 5, WalletHub determined the states with the highest and lowest tax rates. The site compared the 50 states and Washington, D.C., across four types of taxation: real estate tax, vehicle property tax, income tax, and sales and excise tax. Read more about the methodology here.
Here are the 10 states with the lowest tax rates:
1. Alaska
2. Delaware
3. Wyoming
4. Idaho
5. Montana
6. Colorado
7. Nevada
8. South Carolina
9. Florida
10. District of Columbia
Here are the 10 states with the highest tax rates:
1. Illinois
2. New York
3. Connecticut
4. New Jersey
5. Pennsylvania
6. Kansas
7. Iowa
8. Nebraska
9. Ohio
10. Texas
Article written and compiled by Riz Hatton for Becker's ASC Review.
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