Taxes in New York: Income, Sales, and Property Tax Guide
Top Income Tax Rate
10.9%
Combined Sales Tax
8.5%
Avg Property Tax Rate
1.5%
Median Household Income
$81,386
How New York Compares to National Average
IRS Statistics of Income Data
Average AGI
$72,000
Average Tax Liability
$11,500
Itemized Deduction Rate
31.0%
Avg SALT Deduction
$10,000
Avg Mortgage Interest Deduction
$12,000
Avg Charitable Deduction
$6,500
Source: IRS Statistics of Income (2022 tax year)
What This Means for You
With a top marginal rate of 10.9%, New York's income tax is above the national median. Combined with a 8.5% sales tax and 1.5% property tax rate, the overall tax burden in New York varies depending on your income, spending, and homeownership status.
Frequently Asked Questions
Does New York have an income tax?
Yes, New York has a state income tax with a top marginal rate of 10.9%.
What is the sales tax in New York?
The combined state and local sales tax rate in New York is approximately 8.5%.
How does New York compare to other states?
Visit our state comparison page or use the Compare tool to see how New York's tax burden compares to neighboring states and the national average.
Related Resources
Data sources: Tax Foundation (2024), IRS Statistics of Income (2022). TaxGrader is not a CPA, tax advisor, enrolled agent, or attorney. This content is for educational and informational purposes only.