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Florida vs New Hampshire Taxes: Income, Property & Sales

Originally written in English & checked by Managing Editor: Ian Wright
Last Updated:

Does Florida or New Hampshire have lower taxes? We answer that in a variety of ways below:

Florida vs New Hampshire Income Tax Comparison

FloridaNew Hampshire
Income Tax Rates & ThresholdsNone5% on interest and dividends only
Median Income$65,370$84,970
Income Tax Paid On Median Household Income$7,149$11,461
Income After Tax Based on Median Household Income $58,221$73,509
* Note tax calculation assume filling as a single person rather than married.

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Florida vs New Hampshire Property Tax Comparison

FloridaNew Hampshire
Average Property Tax Rate0.67%1.28%
Average House Price By State$406,896$467,775
Average Property Tax Owed Per Year$2,726$5,988
Income After Income Taxes & Property Taxes Based On Median State Household Income $55,495$67,521
* Again assuming income tax is filed as a single person

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Florida vs New Hampshire Sales Tax Comparison

FloridaNew Hampshire
Average State Sales Tax6.00%0.00%
Average Local Sales Tax Across the State1.01%0.00%
Average Combined Sales Tax Rate7.01%0.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income $3,635$0
Maximum Disposable Income Based on Median Household Income$51,859$67,521
* Maximum disposable is calculated based on earning the median household income and then deducting income, property and sales taxes assuming you spend your entire income.

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After Tax Comparison Earning $40,000 Per Year Filing As Single

FloridaNew Hampshire
Income Tax Owed$3,040$3,040
After Tax Income$36,960$36,960
Income After Income & Property Tax $34,234$30,972
Maximum Disposable Income After Income, Property & Sales Taxes $31,991$30,972

After Tax Comparison Earning $60,000 Per Year Filing As Single

FloridaNew Hampshire
Income Tax Owed$5,968$5,968
After Tax Income$54,032$54,032
Income After Income & Property Tax $51,306$48,044
Maximum Disposable Income After Income, Property & Sales Taxes $47,945$48,044

After Tax Comparison Earning $80,000 Per Year Filing As Single

FloridaNew Hampshire
Income Tax Owed$10,368$10,368
After Tax Income$69,632$69,632
Income After Income & Property Tax $66,906$63,644
Maximum Disposable Income After Income, Property & Sales Taxes $62,523$63,644

After Tax Comparison Earning $100,000 Per Year Filing As Single

FloridaNew Hampshire
Income Tax Owed$14,768$14,768
After Tax Income$85,232$85,232
Income After Income & Property Tax $82,506$79,244
Maximum Disposable Income After Income, Property & Sales Taxes $77,101$79,244

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After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

FloridaNew Hampshire
Income Tax Owed$8,481$8,481
After Tax Income$91,519$91,519
Income After Income & Property Tax $88,793$85,531
Maximum Disposable Income After Income, Property & Sales Taxes $82,976$85,531

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

FloridaNew Hampshire
Income Tax Owed$18,536$18,536
After Tax Income$131,464$131,464
Income After Income & Property Tax $128,738$125,476
Maximum Disposable Income After Income, Property & Sales Taxes $120,304$125,476

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

FloridaNew Hampshire
Income Tax Owed$29,536$29,536
After Tax Income$170,464$170,464
Income After Income & Property Tax $167,738$164,476
Maximum Disposable Income After Income, Property & Sales Taxes $156,750$164,476

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

FloridaNew Hampshire
Income Tax Owed$41,455$41,455
After Tax Income$208,545$208,545
Income After Income & Property Tax $205,819$202,557
Maximum Disposable Income After Income, Property & Sales Taxes $192,336$202,557

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FAQ

Does Florida or New Hampshire have lower income taxes?

Florida’s income tax falls into the following range: None

Whereas New Hampshire’s income tax is the following 5% on interest and dividends only

Does Florida or New Hampshire have lower property taxes?

Florida has an average property tax rate of 0.67%

In comparison, New Hampshire has an average property tax rate of 1.28%

Does Florida or New Hampshire have lower sales taxes?

Florida has a state sales tax rate of 6.00% and an average local rate of 1.01% for a combined total rate of 7.01%.

In contrast, New Hampshire has a state sales tax rate of 0.00% and an average local rate of 0.00% for a combined total rate of 0.00%.

Do you get to keep more money in Florida or New Hampshire?

Based on median household income after income, property and sales taxes Florida gives you a maximum amount of disposable income of $51,859

In comparison, New Hampshire gives you $67,521.

More Comparisons:

Florida vs Maine
Florida vs Montana
Florida vs Rhode Island
Florida vs Delaware
Florida vs South Dakota

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Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction
https://www.bankrate.com/real-estate/property-tax-by-state/#by-state
https://fred.stlouisfed.org/release/tables?eid=259515&rid=249
https://www.fool.com/the-ascent/research/average-house-price-state/
https://taxfoundation.org/data/all/state/2022-sales-taxes/
https://www.forbes.com/advisor/income-tax-calculator/
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