Here's How FL's Tax Burden Compares To Other States

FLORIDA — A new analysis has revealed that Florida is among the top 10 U.S. states where residents are least burdened by taxes.

Ahead of this year's April 15 tax filing deadline, finance website WalletHub examined data from all 50 states and Washington D.C. to determine which had the highest and lowest rates across four types of taxation: real estate, vehicle, income, and sales and excise taxes.

Factors were also compared to the national medians to determine where residents paid the most.

"Every year during tax season, Americans are reminded of just how much of their hard-earned income isn’t theirs to keep," WalletHub analyst Chip Lupo said in a statement. "Living in the right state can ease the stress of tax time, though, as taxpayers in the least expensive states pay less than half as much as those in the most expensive states."

According to the analysis, Florida has the 8th lowest tax rate in the United States.

On average, Sunshine State residents pay $6,628 in state and local taxes annually. That's nearly 21 percent lower than what the average U.S. taxpayer pays.

For comparison, Illinois is the state with the highest tax burden. There, residents pay an average $ in state and local taxes, approximately 38 percent less than the national average.

Here are the states paying the lowest taxes, according to WalletHub:

1. Alaska
2. Delaware
3. Wyoming
4. Idaho
5. Montana
6. Nevada
7. Colorado
8. Florida
9. South Carolina
10. District of Columbia

And here are the states paying the highest taxes, with those paying more listed first:

1. Illinois
2. New York
3. Connecticut
4. New Jersey
5. Pennsylvania
6. Kansas
7. Nebraska
8. Iowa
9. Ohio
10. Texas

Check out the full study at WalletHub.