State ranks 31st in country.
Iowa’s State and Local Tax Burden? $4,000 per person.
Iowa slipped a notch in the Tax Foundation’s latest annual ranking of states’ tax burdens.
Iowa ranked 31st in the new report, which is based on 2012 data, down from 30th the year before.
The study estimates that 9.2 percent of income in Iowa goes to state and local taxes. Nebraska (9.2 percent) and Missouri (9.3 percent) had similar figures, while Wisconsin (11.0 percent), Minnesota (10.8 percent) and Illinois (11.0 percent) all had higher tax burdens. South Dakota, at 7.1 percent, fared much better in the study than Iowa.
The report tallies up a dizzying array of state and local taxes, including property taxes, sales taxes, license taxes, excise taxes, income taxes, corporate taxes, estate and gift taxes, and more. In all, it estimates the state and local tax burden in Iowa at $4,037 per capita.
