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North Carolina vs Kentucky Taxes: Income, Property & Sales

Originally written in English & checked by Managing Editor: Ian Wright
Last Updated:

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

North Carolina vs Kentucky Income Tax Comparison

North CarolinaKentucky
Income Tax Rates & Thresholds4.99%5.00%
Median Income$65,070$55,880
Income Tax Paid On Median Household Income$9,694$7,680
Income After Tax Based on Median Household Income $55,376$48,200
* Note tax calculation assume filling as a single person rather than married.

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North Carolina vs Kentucky Property Tax Comparison

North CarolinaKentucky
Average Property Tax Rate0.52%0.60%
Average House Price By State$321,447$201,033
Average Property Tax Owed Per Year$1,672$1,206
Income After Income Taxes & Property Taxes Based On Median State Household Income $53,704$46,994
* Again assuming income tax is filed as a single person

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North Carolina vs Kentucky Sales Tax Comparison

North CarolinaKentucky
Average State Sales Tax4.75%6.00%
Average Local Sales Tax Across the State2.23%0.00%
Average Combined Sales Tax Rate6.98%6.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income $3,504$2,660
Maximum Disposable Income Based on Median Household Income$50,200$44,334
* Maximum disposable is calculated based on earning the median household income and then deducting income, property and sales taxes assuming you spend your entire income.

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

North CarolinaKentucky
Income Tax Owed$4,400$4,865
After Tax Income$35,600$35,135
Income After Income & Property Tax $33,928$33,929
Maximum Disposable Income After Income, Property & Sales Taxes $31,715$32,008

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

North CarolinaKentucky
Income Tax Owed$8,326$8,793
After Tax Income$51,674$51,207
Income After Income & Property Tax $50,002$50,001
Maximum Disposable Income After Income, Property & Sales Taxes $46,740$47,171

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

North CarolinaKentucky
Income Tax Owed$13,724$14,193
After Tax Income$66,276$65,807
Income After Income & Property Tax $64,604$64,601
Maximum Disposable Income After Income, Property & Sales Taxes $60,389$60,944

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

North CarolinaKentucky
Income Tax Owed$19,122$19,593
After Tax Income$80,878$80,407
Income After Income & Property Tax $79,206$79,201
Maximum Disposable Income After Income, Property & Sales Taxes $74,039$74,718

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

North CarolinaKentucky
Income Tax Owed$12,198$13,081
After Tax Income$87,802$86,919
Income After Income & Property Tax $86,130$85,713
Maximum Disposable Income After Income, Property & Sales Taxes $80,511$80,861

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

North CarolinaKentucky
Income Tax Owed$24,748$25,636
After Tax Income$125,252$124,364
Income After Income & Property Tax $123,580$123,158
Maximum Disposable Income After Income, Property & Sales Taxes $115,517$116,187

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

North CarolinaKentucky
Income Tax Owed$38,243$39,136
After Tax Income$161,757$160,864
Income After Income & Property Tax $160,085$159,658
Maximum Disposable Income After Income, Property & Sales Taxes $149,641$150,621

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

North CarolinaKentucky
Income Tax Owed$52,657$53,555
After Tax Income$197,343$196,445
Income After Income & Property Tax $195,671$195,239
Maximum Disposable Income After Income, Property & Sales Taxes $182,905$184,188

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FAQ

Does North Carolina or Kentucky have lower income taxes?

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

Whereas Kentucky’s income tax is the following 5.00%

Does North Carolina or Kentucky have lower property taxes?

North Carolina has an average property tax rate of 0.52%

In comparison, Kentucky has an average property tax rate of 0.60%

Does North Carolina or Kentucky 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, Kentucky 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 North Carolina or Kentucky?

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, Kentucky gives you $44,334.

More Comparisons:

North Carolina vs Oregon
North Carolina vs Oklahoma
North Carolina vs Connecticut
North Carolina vs Utah
North Carolina vs Iowa

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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/
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