In what should come as no surprise to New Yorkers, the state has one of the highest tax burdens in the country, according to a new study.
According to WalletHub, New York has the second-highest tax burden, next to Hawaii. New York’s tax burden is 12.29%, while Hawaii’s is 13.30%. Alaska has the lowest tax burden at 4.92%, which is nearly one-third of New York’s.
WalletHub also found that New York is in the top five when it comes to having the property tax burden. The state has the fourth-highest property tax burden at 4.22% behind Vermont (4.89%), New Jersey (4.38%) and New Hampshire (4.33%). Alabama had the lowest property tax burden at 1.40%…