North Carolina vs Iowa Taxes: Income, Property & Sales

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

North Carolina vs Iowa Income Tax Comparison

	North Carolina	Iowa
Income Tax Rates & Thresholds	4.99%	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+
Median Income	$65,070	$76,320
Income Tax Paid On Median Household Income	$9,694	$13,833
Income After Tax Based on Median Household Income	$55,376	$62,487

Top Accounting Software:

North Carolina vs Iowa Property Tax Comparison

	North Carolina	Iowa
Average Property Tax Rate	0.52%	1.25%
Average House Price By State	$321,447	$215,458
Average Property Tax Owed Per Year	$1,672	$2,693
Income After Income Taxes & Property Taxes Based On Median State Household Income	$53,704	$59,794

North Carolina vs Iowa Sales Tax Comparison

	North Carolina	Iowa
Average State Sales Tax	4.75%	6.00%
Average Local Sales Tax Across the State	2.23%	0.94%
Average Combined Sales Tax Rate	6.98%	6.94%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,504	$3,880
Maximum Disposable Income Based on Median Household Income	$50,200	$55,913

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

	North Carolina	Iowa
Income Tax Owed	$4,400	$4,786
After Tax Income	$35,600	$35,214
Income After Income & Property Tax	$33,928	$32,521
Maximum Disposable Income After Income, Property & Sales Taxes	$31,715	$30,410

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

	North Carolina	Iowa
Income Tax Owed	$8,326	$9,028
After Tax Income	$51,674	$50,972
Income After Income & Property Tax	$50,002	$48,279
Maximum Disposable Income After Income, Property & Sales Taxes	$46,740	$45,146

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

	North Carolina	Iowa
Income Tax Owed	$13,724	$14,916
After Tax Income	$66,276	$65,084
Income After Income & Property Tax	$64,604	$62,391
Maximum Disposable Income After Income, Property & Sales Taxes	$60,389	$58,342

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

	North Carolina	Iowa
Income Tax Owed	$19,122	$21,015
After Tax Income	$80,878	$78,985
Income After Income & Property Tax	$79,206	$76,292
Maximum Disposable Income After Income, Property & Sales Taxes	$74,039	$71,341

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

	North Carolina	Iowa
Income Tax Owed	$12,198	$14,448
After Tax Income	$87,802	$85,552
Income After Income & Property Tax	$86,130	$82,859
Maximum Disposable Income After Income, Property & Sales Taxes	$80,511	$77,482

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

	North Carolina	Iowa
Income Tax Owed	$24,748	$28,768
After Tax Income	$125,252	$121,232
Income After Income & Property Tax	$123,580	$118,539
Maximum Disposable Income After Income, Property & Sales Taxes	$115,517	$110,846

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

	North Carolina	Iowa
Income Tax Owed	$38,243	$44,033
After Tax Income	$161,757	$155,967
Income After Income & Property Tax	$160,085	$153,274
Maximum Disposable Income After Income, Property & Sales Taxes	$149,641	$143,327

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

	North Carolina	Iowa
Income Tax Owed	$52,657	$60,217
After Tax Income	$197,343	$189,783
Income After Income & Property Tax	$195,671	$187,090
Maximum Disposable Income After Income, Property & Sales Taxes	$182,905	$174,948

FAQ

Does North Carolina or Iowa have lower income taxes?

North Carolina’s income tax falls into the following range: 4.99%

Whereas Iowa’s income tax is the following

• 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+

Does North Carolina or Iowa have lower property taxes?

North Carolina has an average property tax rate of 0.52%

In comparison, Iowa has an average property tax rate of 1.25%

Does North Carolina or Iowa have lower sales taxes?

North Carolina has a state sales tax rate of 4.75% and an average local rate of 2.23% for a combined total rate of 6.98%.

In contrast, 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%.

Do you get to keep more money in North Carolina or Iowa?

Based on median household income after income, property and sales taxes North Carolina gives you a maximum amount of disposable income of $50,200

In comparison, Iowa gives you $55,913.

More Comparisons:

North Carolina vs Nevada
North Carolina vs Arkansas
North Carolina vs Mississippi
North Carolina vs Kansas
North Carolina vs New Mexico

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/