New York vs Vermont Taxes: Income, Property & Sales

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

New York vs Vermont Income Tax Comparison

	New York	Vermont
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	3.35%: $0-$42,150 6.60%: $42,151-$102,200 7.60%: $102,201-$213,150 8.75%: $213,151+
Median Income	$75,910	$72,190
Income Tax Paid On Median Household Income	$13,227	$11,377
Income After Tax Based on Median Household Income	$62,683	$60,813

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New York vs Vermont Property Tax Comparison

	New York	Vermont
Average Property Tax Rate	1.26%	1.43%
Average House Price By State	$421,274	$383,882
Average Property Tax Owed Per Year	$5,308	$5,490
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,375	$55,323

New York vs Vermont Sales Tax Comparison

	New York	Vermont
Average State Sales Tax	4.00%	6.00%
Average Local Sales Tax Across the State	4.52%	0.24%
Average Combined Sales Tax Rate	8.52%	6.24%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,505	$3,249
Maximum Disposable Income Based on Median Household Income	$52,870	$52,074

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

	New York	Vermont
Income Tax Owed	$4,699	$4,022
After Tax Income	$35,301	$35,978
Income After Income & Property Tax	$29,993	$30,488
Maximum Disposable Income After Income, Property & Sales Taxes	$27,638	$28,698

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

	New York	Vermont
Income Tax Owed	$8,796	$7,891
After Tax Income	$51,204	$52,109
Income After Income & Property Tax	$45,896	$46,619
Maximum Disposable Income After Income, Property & Sales Taxes	$42,293	$43,881

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

	New York	Vermont
Income Tax Owed	$14,366	$13,611
After Tax Income	$65,634	$66,389
Income After Income & Property Tax	$60,326	$60,899
Maximum Disposable Income After Income, Property & Sales Taxes	$55,590	$57,323

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

	New York	Vermont
Income Tax Owed	$19,982	$19,331
After Tax Income	$80,018	$80,669
Income After Income & Property Tax	$74,710	$75,179
Maximum Disposable Income After Income, Property & Sales Taxes	$68,844	$70,764

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

	New York	Vermont
Income Tax Owed	$12,962	$11,445
After Tax Income	$87,038	$88,555
Income After Income & Property Tax	$81,730	$83,065
Maximum Disposable Income After Income, Property & Sales Taxes	$75,313	$78,187

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

	New York	Vermont
Income Tax Owed	$25,942	$24,800
After Tax Income	$124,058	$125,200
Income After Income & Property Tax	$118,750	$119,710
Maximum Disposable Income After Income, Property & Sales Taxes	$109,427	$112,679

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

	New York	Vermont
Income Tax Owed	$39,956	$39,233
After Tax Income	$160,044	$160,767
Income After Income & Property Tax	$154,736	$155,277
Maximum Disposable Income After Income, Property & Sales Taxes	$142,587	$146,157

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

	New York	Vermont
Income Tax Owed	$55,000	$54,952
After Tax Income	$195,000	$195,048
Income After Income & Property Tax	$189,692	$189,558
Maximum Disposable Income After Income, Property & Sales Taxes	$174,799	$178,425

FAQ

Does New York or Vermont 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 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 New York or Vermont have lower property taxes?

New York has an average property tax rate of 1.26%

In comparison, Vermont has an average property tax rate of 1.43%

Does New York or Vermont 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, 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 New York or Vermont?

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, Vermont gives you $52,074.

More Comparisons:

New York vs Wyoming
Pennsylvania vs Illinois
Pennsylvania vs Ohio
Pennsylvania vs Georgia
Pennsylvania vs North Carolina

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/