New York vs Maryland Taxes: Income, Property & Sales

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

New York vs Maryland Income Tax Comparison

	New York	Maryland
Income Tax Rates & Thresholds	4.00%: $0-$8,500 4.50%: $8,501-$11,700 5.25%: $11,701-$13,900 5.85%: $13,901-$80,650 6.25%: $80,651-$215,400 6.85%: $215,401-$1,077,550 9.65%: $1,077,551-$5,000,000 10.30%: $5,000,001-$25,000,000 10.90%: $25,000,001	2.00%: $0-$1,000 3.00%: $1,001-$2,000 4.00%: $2,001-$3,000 4.75%: $3,001-$100,000 5.00%: $100,001-$125,000 5.25%: $125,001-$150,000 5.50%: $150,001-$250,000 5.75%: $250,001+
Median Income	$75,910	$108,200
Income Tax Paid On Median Household Income	$13,227	$21,525
Income After Tax Based on Median Household Income	$62,683	$86,675

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New York vs Maryland Property Tax Comparison

	New York	Maryland
Average Property Tax Rate	1.26%	0.76%
Average House Price By State	$421,274	$416,643
Average Property Tax Owed Per Year	$5,308	$3,166
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,375	$83,509

New York vs Maryland Sales Tax Comparison

	New York	Maryland
Average State Sales Tax	4.00%	6.00%
Average Local Sales Tax Across the State	4.52%	0.00%
Average Combined Sales Tax Rate	8.52%	6.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,505	$4,727
Maximum Disposable Income Based on Median Household Income	$52,870	$78,782

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

	New York	Maryland
Income Tax Owed	$4,699	$4,624
After Tax Income	$35,301	$35,376
Income After Income & Property Tax	$29,993	$32,210
Maximum Disposable Income After Income, Property & Sales Taxes	$27,638	$30,386

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

	New York	Maryland
Income Tax Owed	$8,796	$8,502
After Tax Income	$51,204	$51,498
Income After Income & Property Tax	$45,896	$48,332
Maximum Disposable Income After Income, Property & Sales Taxes	$42,293	$45,596

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

	New York	Maryland
Income Tax Owed	$14,366	$13,852
After Tax Income	$65,634	$66,148
Income After Income & Property Tax	$60,326	$62,982
Maximum Disposable Income After Income, Property & Sales Taxes	$55,590	$59,417

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

	New York	Maryland
Income Tax Owed	$19,982	$19,202
After Tax Income	$80,018	$80,798
Income After Income & Property Tax	$74,710	$77,632
Maximum Disposable Income After Income, Property & Sales Taxes	$68,844	$73,237

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

	New York	Maryland
Income Tax Owed	$12,962	$12,651
After Tax Income	$87,038	$87,349
Income After Income & Property Tax	$81,730	$84,183
Maximum Disposable Income After Income, Property & Sales Taxes	$75,313	$79,417

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

	New York	Maryland
Income Tax Owed	$25,942	$25,081
After Tax Income	$124,058	$124,919
Income After Income & Property Tax	$118,750	$121,753
Maximum Disposable Income After Income, Property & Sales Taxes	$109,427	$114,861

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

	New York	Maryland
Income Tax Owed	$39,956	$38,588
After Tax Income	$160,044	$161,412
Income After Income & Property Tax	$154,736	$158,246
Maximum Disposable Income After Income, Property & Sales Taxes	$142,587	$149,288

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

	New York	Maryland
Income Tax Owed	$55,000	$53,167
After Tax Income	$195,000	$196,833
Income After Income & Property Tax	$189,692	$193,667
Maximum Disposable Income After Income, Property & Sales Taxes	$174,799	$182,704

FAQ

Does New York or Maryland have lower income taxes?

New York’s income tax falls into the following range:

• 4.00%: $0-$8,500
• 4.50%: $8,501-$11,700
• 5.25%: $11,701-$13,900
• 5.85%: $13,901-$80,650
• 6.25%: $80,651-$215,400
• 6.85%: $215,401-$1,077,550
• 9.65%: $1,077,551-$5,000,000
• 10.30%: $5,000,001-$25,000,000
• 10.90%: $25,000,001

Whereas Maryland’s income tax is the following

• 2.00%: $0-$1,000
• 3.00%: $1,001-$2,000
• 4.00%: $2,001-$3,000
• 4.75%: $3,001-$100,000
• 5.00%: $100,001-$125,000
• 5.25%: $125,001-$150,000
• 5.50%: $150,001-$250,000
• 5.75%: $250,001+

Does New York or Maryland have lower property taxes?

New York has an average property tax rate of 1.26%

In comparison, Maryland has an average property tax rate of 0.76%

Does New York or Maryland have lower sales taxes?

New York has a state sales tax rate of 4.00% and an average local rate of 4.52% for a combined total rate of 8.52%.

In contrast, Maryland has a state sales tax rate of 6.00% and an average local rate of 0.00% for a combined total rate of 6.00%.

Do you get to keep more money in New York or Maryland?

Based on median household income after income, property and sales taxes New York gives you a maximum amount of disposable income of $52,870

In comparison, Maryland gives you $78,782.

More Comparisons:

New York vs Wisconsin
New York vs Colorado
New York vs Minnesota
New York vs South Carolina
New York vs Alabama

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/