Texas vs New York Taxes: Income, Property & Sales

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

Texas vs New York Income Tax Comparison

	Texas	New York
Income Tax Rates & Thresholds	None	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
Median Income	$74,640	$75,910
Income Tax Paid On Median Household Income	$9,189	$13,227
Income After Tax Based on Median Household Income	$65,451	$62,683

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Texas vs New York Property Tax Comparison

	Texas	New York
Average Property Tax Rate	1.25%	1.26%
Average House Price By State	$305,497	$421,274
Average Property Tax Owed Per Year	$3,819	$5,308
Income After Income Taxes & Property Taxes Based On Median State Household Income	$61,632	$57,375

Texas vs New York Sales Tax Comparison

	Texas	New York
Average State Sales Tax	6.25%	4.00%
Average Local Sales Tax Across the State	1.95%	4.52%
Average Combined Sales Tax Rate	8.20%	8.52%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,671	$4,505
Maximum Disposable Income Based on Median Household Income	$56,961	$52,870

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

	Texas	New York
Income Tax Owed	$3,040	$4,699
After Tax Income	$36,960	$35,301
Income After Income & Property Tax	$33,141	$29,993
Maximum Disposable Income After Income, Property & Sales Taxes	$30,630	$27,638

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

	Texas	New York
Income Tax Owed	$5,968	$8,796
After Tax Income	$54,032	$51,204
Income After Income & Property Tax	$50,213	$45,896
Maximum Disposable Income After Income, Property & Sales Taxes	$46,408	$42,293

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

	Texas	New York
Income Tax Owed	$10,368	$14,366
After Tax Income	$69,632	$65,634
Income After Income & Property Tax	$65,813	$60,326
Maximum Disposable Income After Income, Property & Sales Taxes	$60,826	$55,590

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

	Texas	New York
Income Tax Owed	$14,768	$19,982
After Tax Income	$85,232	$80,018
Income After Income & Property Tax	$81,413	$74,710
Maximum Disposable Income After Income, Property & Sales Taxes	$75,243	$68,844

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

	Texas	New York
Income Tax Owed	$8,481	$12,962
After Tax Income	$91,519	$87,038
Income After Income & Property Tax	$87,700	$81,730
Maximum Disposable Income After Income, Property & Sales Taxes	$81,054	$75,313

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

	Texas	New York
Income Tax Owed	$18,536	$25,942
After Tax Income	$131,464	$124,058
Income After Income & Property Tax	$127,645	$118,750
Maximum Disposable Income After Income, Property & Sales Taxes	$117,972	$109,427

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

	Texas	New York
Income Tax Owed	$29,536	$39,956
After Tax Income	$170,464	$160,044
Income After Income & Property Tax	$166,645	$154,736
Maximum Disposable Income After Income, Property & Sales Taxes	$154,016	$142,587

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

	Texas	New York
Income Tax Owed	$41,455	$55,000
After Tax Income	$208,545	$195,000
Income After Income & Property Tax	$204,726	$189,692
Maximum Disposable Income After Income, Property & Sales Taxes	$189,211	$174,799

FAQ

Does Texas or New York have lower income taxes?

Texas’s income tax falls into the following range: None

Whereas New York’s income tax is the following

• 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

Does Texas or New York have lower property taxes?

Texas has an average property tax rate of 1.25%

In comparison, New York has an average property tax rate of 1.26%

Does Texas or New York have lower sales taxes?

Texas has a state sales tax rate of 6.25% and an average local rate of 1.95% for a combined total rate of 8.20%.

In contrast, 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%.

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

Based on median household income after income, property and sales taxes Texas gives you a maximum amount of disposable income of $56,961

In comparison, New York gives you $52,870.

More Comparisons:

Texas vs Pennsylvania
Texas vs Illinois
Texas vs Ohio
Texas vs Georgia
Texas 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/