Does Iowa or Vermont have lower taxes? We answer that in a variety of ways below:
Iowa vs Vermont Income Tax Comparison
Iowa | Vermont | |
Income Tax Rates & Thresholds |
|
|
Median Income | $76,320 | $72,190 |
Income Tax Paid On Median Household Income | $13,833 | $11,377 |
Income After Tax Based on Median Household Income | $62,487 | $60,813 |
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Iowa vs Vermont Property Tax Comparison
Iowa | Vermont | |
Average Property Tax Rate | 1.25% | 1.43% |
Average House Price By State | $215,458 | $383,882 |
Average Property Tax Owed Per Year | $2,693 | $5,490 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $59,794 | $55,323 |
Iowa vs Vermont Sales Tax Comparison
Iowa | Vermont | |
Average State Sales Tax | 6.00% | 6.00% |
Average Local Sales Tax Across the State | 0.94% | 0.24% |
Average Combined Sales Tax Rate | 6.94% | 6.24% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $3,880 | $3,249 |
Maximum Disposable Income Based on Median Household Income | $55,913 | $52,074 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Iowa | Vermont | |
Income Tax Owed | $4,786 | $4,022 |
After Tax Income | $35,214 | $35,978 |
Income After Income & Property Tax | $32,521 | $30,488 |
Maximum Disposable Income After Income, Property & Sales Taxes | $30,410 | $28,698 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Iowa | Vermont | |
Income Tax Owed | $9,028 | $7,891 |
After Tax Income | $50,972 | $52,109 |
Income After Income & Property Tax | $48,279 | $46,619 |
Maximum Disposable Income After Income, Property & Sales Taxes | $45,146 | $43,881 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Iowa | Vermont | |
Income Tax Owed | $14,916 | $13,611 |
After Tax Income | $65,084 | $66,389 |
Income After Income & Property Tax | $62,391 | $60,899 |
Maximum Disposable Income After Income, Property & Sales Taxes | $58,342 | $57,323 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Iowa | Vermont | |
Income Tax Owed | $21,015 | $19,331 |
After Tax Income | $78,985 | $80,669 |
Income After Income & Property Tax | $76,292 | $75,179 |
Maximum Disposable Income After Income, Property & Sales Taxes | $71,341 | $70,764 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Iowa | Vermont | |
Income Tax Owed | $14,448 | $11,445 |
After Tax Income | $85,552 | $88,555 |
Income After Income & Property Tax | $82,859 | $83,065 |
Maximum Disposable Income After Income, Property & Sales Taxes | $77,482 | $78,187 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Iowa | Vermont | |
Income Tax Owed | $28,768 | $24,800 |
After Tax Income | $121,232 | $125,200 |
Income After Income & Property Tax | $118,539 | $119,710 |
Maximum Disposable Income After Income, Property & Sales Taxes | $110,846 | $112,679 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Iowa | Vermont | |
Income Tax Owed | $44,033 | $39,233 |
After Tax Income | $155,967 | $160,767 |
Income After Income & Property Tax | $153,274 | $155,277 |
Maximum Disposable Income After Income, Property & Sales Taxes | $143,327 | $146,157 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Iowa | Vermont | |
Income Tax Owed | $60,217 | $54,952 |
After Tax Income | $189,783 | $195,048 |
Income After Income & Property Tax | $187,090 | $189,558 |
Maximum Disposable Income After Income, Property & Sales Taxes | $174,948 | $178,425 |
FAQ
Does Iowa or Vermont 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 Vermont’s income tax is the following
- 3.35%: $0-$42,150
- 6.60%: $42,151-$102,200
- 7.60%: $102,201-$213,150
- 8.75%: $213,151+
Does Iowa or Vermont have lower property taxes?
Iowa has an average property tax rate of 1.25%
In comparison, Vermont has an average property tax rate of 1.43%
Does Iowa or Vermont 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, Vermont has a state sales tax rate of 6.00% and an average local rate of 0.24% for a combined total rate of 6.24%.
Do you get to keep more money in Iowa or Vermont?
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, Vermont gives you $52,074.
More Comparisons:
Iowa vs Wyoming
Nevada vs Arkansas
Nevada vs Mississippi
Nevada vs Kansas
Nevada vs New Mexico
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