Iowa vs Montana Taxes: Income, Property & Sales

Does Iowa or Montana have lower taxes? We answer that in a variety of ways below:

Iowa vs Montana Income Tax Comparison

	Iowa	Montana
Income Tax Rates & Thresholds	0.33%: $0-$1,743 0.67%: $1,744-$3,486 2.25%: $3,487-$6972 4.14%: $6,973-$15,687 5.63%: $15,688-$26,145 5.96%: $26,146-$34,860 6.25%: $34,861-$52,290 7.44%: $52,291-$78,435 8.53%: $78,436+	1.00%: $0-$3,300 2.00%: $3,301-$5,800 3.00%: $5,801-$8,900 4.00%: $8,901-$12,000 5.00%: $12,001-$15,400 6.00%: $15,401-$19,800 6.75%: $19,801+
Median Income	$76,320	$72,980
Income Tax Paid On Median Household Income	$13,833	$12,678
Income After Tax Based on Median Household Income	$62,487	$60,302

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Iowa vs Montana Property Tax Comparison

	Iowa	Montana
Average Property Tax Rate	1.25%	0.65%
Average House Price By State	$215,458	$447,845
Average Property Tax Owed Per Year	$2,693	$2,911
Income After Income Taxes & Property Taxes Based On Median State Household Income	$59,794	$57,391

Iowa vs Montana Sales Tax Comparison

	Iowa	Montana
Average State Sales Tax	6.00%	0.00%
Average Local Sales Tax Across the State	0.94%	0.00%
Average Combined Sales Tax Rate	6.94%	0.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,880	$0
Maximum Disposable Income Based on Median Household Income	$55,913	$57,391

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

	Iowa	Montana
Income Tax Owed	$4,786	$4,669
After Tax Income	$35,214	$35,331
Income After Income & Property Tax	$32,521	$32,420
Maximum Disposable Income After Income, Property & Sales Taxes	$30,410	$32,420

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

	Iowa	Montana
Income Tax Owed	$9,028	$8,947
After Tax Income	$50,972	$51,053
Income After Income & Property Tax	$48,279	$48,142
Maximum Disposable Income After Income, Property & Sales Taxes	$45,146	$48,142

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

	Iowa	Montana
Income Tax Owed	$14,916	$14,697
After Tax Income	$65,084	$65,303
Income After Income & Property Tax	$62,391	$62,392
Maximum Disposable Income After Income, Property & Sales Taxes	$58,342	$62,392

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

	Iowa	Montana
Income Tax Owed	$21,015	$20,447
After Tax Income	$78,985	$79,553
Income After Income & Property Tax	$76,292	$76,642
Maximum Disposable Income After Income, Property & Sales Taxes	$71,341	$76,642

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

	Iowa	Montana
Income Tax Owed	$14,448	$13,660
After Tax Income	$85,552	$86,340
Income After Income & Property Tax	$82,859	$83,429
Maximum Disposable Income After Income, Property & Sales Taxes	$77,482	$83,429

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

	Iowa	Montana
Income Tax Owed	$28,768	$27,089
After Tax Income	$121,232	$122,911
Income After Income & Property Tax	$118,539	$120,000
Maximum Disposable Income After Income, Property & Sales Taxes	$110,846	$120,000

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

	Iowa	Montana
Income Tax Owed	$44,033	$41,464
After Tax Income	$155,967	$158,536
Income After Income & Property Tax	$153,274	$155,625
Maximum Disposable Income After Income, Property & Sales Taxes	$143,327	$155,625

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

	Iowa	Montana
Income Tax Owed	$60,217	$56,758
After Tax Income	$189,783	$193,242
Income After Income & Property Tax	$187,090	$190,331
Maximum Disposable Income After Income, Property & Sales Taxes	$174,948	$190,331

FAQ

Does Iowa or Montana have lower income taxes?

Iowa’s income tax falls into the following range:

• 0.33%: $0-$1,743
• 0.67%: $1,744-$3,486
• 2.25%: $3,487-$6972
• 4.14%: $6,973-$15,687
• 5.63%: $15,688-$26,145
• 5.96%: $26,146-$34,860
• 6.25%: $34,861-$52,290
• 7.44%: $52,291-$78,435
• 8.53%: $78,436+

Whereas Montana’s income tax is the following

• 1.00%: $0-$3,300
• 2.00%: $3,301-$5,800
• 3.00%: $5,801-$8,900
• 4.00%: $8,901-$12,000
• 5.00%: $12,001-$15,400
• 6.00%: $15,401-$19,800
• 6.75%: $19,801+

Does Iowa or Montana have lower property taxes?

Iowa has an average property tax rate of 1.25%

In comparison, Montana has an average property tax rate of 0.65%

Does Iowa or Montana have lower sales taxes?

Iowa has a state sales tax rate of 6.00% and an average local rate of 0.94% for a combined total rate of 6.94%.

In contrast, Montana 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 Iowa or Montana?

Based on median household income after income, property and sales taxes Iowa gives you a maximum amount of disposable income of $55,913

In comparison, Montana gives you $57,391.

More Comparisons:

Iowa vs Rhode Island
Iowa vs Delaware
Iowa vs South Dakota
Iowa vs North Dakota
Iowa vs Alaska

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/