A brand new study determined New Yorkers are paying a lot more taxes than compared to most Americans.

A WalletHub spokesperson reached out to Hudson Valley Post to let us know where New York State stands in its recent tax study.

"With Tax Day looming and over 3 in 4 Americans more worried about inflation than taxes, WalletHub today released its 2024 Taxpayer Survey, as well as its yearly report on the States with the Highest & Lowest Tax Rates, to help people better understand this confusing time of year," a WalletHub spokesperson told Hudson Valley Post in an email.

New York Has the 2nd Highest Tax Rates in the Country

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The study find that New York State has the second highest tax rate in all of the United States. Only Illinois has a higher tax, according to WalletHub.

Tax Rates in New York (1=Lowest; 25=Avg.)

  • 50th- Overall Rank
  • 50th – Overall Effective State & Local Tax Rate
  • 49th – Income Tax
  • 46th – Real-Estate Tax
  • 23rd – Sales & Excise Taxes

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New Study: New York Residents May More Taxes Than Most Of U.S.

Below are some of the study's key findings for New York State:

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Key Findings Of 2024 WalletHub Tax Study

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WalletHub also revealed to us other key findings of its tax study, including:

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  • 90% of Americans think filing your taxes should be free
  • 40% know someone who cheated on their taxes
  • 75% of Americans are more worried about inflation

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