New York vs Tennessee Taxes: Income, Property & Sales

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

New York vs Tennessee Income Tax Comparison

	New York	Tennessee
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	None
Median Income	$75,910	$65,380
Income Tax Paid On Median Household Income	$13,227	$7,151
Income After Tax Based on Median Household Income	$62,683	$58,229

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New York vs Tennessee Property Tax Comparison

	New York	Tennessee
Average Property Tax Rate	1.26%	0.42%
Average House Price By State	$421,274	$310,782
Average Property Tax Owed Per Year	$5,308	$1,305
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,375	$56,924

New York vs Tennessee Sales Tax Comparison

	New York	Tennessee
Average State Sales Tax	4.00%	7.00%
Average Local Sales Tax Across the State	4.52%	2.55%
Average Combined Sales Tax Rate	8.52%	9.55%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,505	$4,962
Maximum Disposable Income Based on Median Household Income	$52,870	$51,961

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

	New York	Tennessee
Income Tax Owed	$4,699	$3,040
After Tax Income	$35,301	$36,960
Income After Income & Property Tax	$29,993	$35,655
Maximum Disposable Income After Income, Property & Sales Taxes	$27,638	$32,547

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

	New York	Tennessee
Income Tax Owed	$8,796	$5,968
After Tax Income	$51,204	$54,032
Income After Income & Property Tax	$45,896	$52,727
Maximum Disposable Income After Income, Property & Sales Taxes	$42,293	$48,130

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

	New York	Tennessee
Income Tax Owed	$14,366	$10,368
After Tax Income	$65,634	$69,632
Income After Income & Property Tax	$60,326	$68,327
Maximum Disposable Income After Income, Property & Sales Taxes	$55,590	$62,370

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

	New York	Tennessee
Income Tax Owed	$19,982	$14,768
After Tax Income	$80,018	$85,232
Income After Income & Property Tax	$74,710	$83,927
Maximum Disposable Income After Income, Property & Sales Taxes	$68,844	$76,610

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

	New York	Tennessee
Income Tax Owed	$12,962	$8,481
After Tax Income	$87,038	$91,519
Income After Income & Property Tax	$81,730	$90,214
Maximum Disposable Income After Income, Property & Sales Taxes	$75,313	$82,349

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

	New York	Tennessee
Income Tax Owed	$25,942	$18,536
After Tax Income	$124,058	$131,464
Income After Income & Property Tax	$118,750	$130,159
Maximum Disposable Income After Income, Property & Sales Taxes	$109,427	$118,812

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

	New York	Tennessee
Income Tax Owed	$39,956	$29,536
After Tax Income	$160,044	$170,464
Income After Income & Property Tax	$154,736	$169,159
Maximum Disposable Income After Income, Property & Sales Taxes	$142,587	$154,412

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

	New York	Tennessee
Income Tax Owed	$55,000	$41,455
After Tax Income	$195,000	$208,545
Income After Income & Property Tax	$189,692	$207,240
Maximum Disposable Income After Income, Property & Sales Taxes	$174,799	$189,174

FAQ

Does New York or Tennessee 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 Tennessee’s income tax is the following None

Does New York or Tennessee have lower property taxes?

New York has an average property tax rate of 1.26%

In comparison, Tennessee has an average property tax rate of 0.42%

Does New York or Tennessee 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, Tennessee has a state sales tax rate of 7.00% and an average local rate of 2.55% for a combined total rate of 9.55%.

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

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, Tennessee gives you $51,961.

More Comparisons:

New York vs Massachusetts
New York vs Indiana
New York vs Missouri
New York vs Maryland
New York vs Wisconsin

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/