Tax Rates to Celebrate

Florida ranks high in low tax burdens

If tax day has you down, look on the bright side: You live in Florida. Floridians have it lucky, as residents of the Sunshine State have one of the lowest tax burdens in the country. The lack of a state income tax means Florida primarily gets its tax revenues via sales tax—thanks, tourists! Plus, local property taxes typically tend to be a relatively low percentage of income.

Florida has the sixth smallest tax burden on residents, according to a study of Census data from Hire A Helper. About 6% of income goes toward property, sales and (state) income taxes in Florida. Compare that to New York, where that figure is more than 12%. Alaska actually has the lowest tax burden on residents, due to its emphasis on taxing oil and natural gas production to generate revenue for the state, according to the study.