The
WalletHub report, released March 28, assessed the “tax burden,” or the proportion of total personal income residents pay toward state and local taxes. The report compared the states’ sales and excise taxes, property taxes and individual income taxes as a share of the states’ total personal income. The report pulled data from the Tax Policy Center.
Minnesota ranked eighth (9.41% overall tax burden), and Iowa ranked 10th (9.15% overall tax burden). Minnesota has the sixth-highest individual income tax burden (3.11%).
Iowa has the 14th highest property tax burden (3.49%) and the 16th highest individual income tax burden (2.41%).