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

MARYLAND — A new analysis has revealed that Maryland is among the top 20 U.S. states when it comes to the tax burden shouldered by its residents.

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, Maryland has the 17th highest tax rate in the United States.

On average, Marylanders pay $11,801 in state and local taxes annually. That's 5.47 percent higher than what the average U.S. taxpayer pays. The figure also doesn't include the average $14,000 in federal taxes paid each year.

For comparison, Alaska is the state with the lowest tax burden. There, residents pay an average $5,952 in state and local taxes, approximately 38 percent less than the national average.

According to the analysis, Maryland's state income tax rate is also among the highest in the nation (No. 46). The state also has the second-highest tax rate on cigarettes and ranked No. 31 for real estate taxes.

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.