New York

What's New



By the Numbers

Personal Income Tax Features (2015)
Range of Tax Rates 4.0% - 8.82%
Standard Deduction
  • $7,500 ($15,000 for Married Couples)
  • Personal Exemption None
    Dependent Exemption $1,000
    Earned Income Tax Credit (EITC) 30% Refundable
  • Temporary brackets and rates in place through 2017
  • Itemized deductions subject to addtional phase-out
  • Corporate Income Tax Features (2015)
    Range of Tax Rates Itemized deductions subject to addtional phase-out
    Income Level at Which Top Rate Applies N/A
    Combined Reporting 6.5%
    Apportionment Factor (Payroll) All
    Apportionment Factor (Property) Yes
    Apportionment Factor (Sales) 0%
    Sales Tax Features (2015)
    State Sales Tax Rate 4.00%
    Average Local Sales Tax Rate 4.45%
    Average Combined State & Local Sales Tax Rate 8.45%
    State Sales Tax Treatment of Groceries Exempt
    Local Sales Tax Treatment of Groceries Exempt
    Number of Services Taxed 158 out of 168 surveyed (2007)
    Streamlined Sales Tax Membership No
  • "Amazon law" in effect
  • Sales tax applies to some digital goods and services
  • Property Tax Features (2015)
  • STAR program exempts $30,000 of property value from school taxes.
  • Provides a small circuit breaker to non-elderly taxpayers.
  • Property taxes capped at the lesser of 2% or the rate of inflation
  • Other Tax & Revenue Features (2015)
    Gasoline Tax Rate (per gallon) $0.503
    Diesel Tax Rate (per gallon) $0.496
    Cigarette Tax Rate (per pack) $4.35
    Estate or Inheritance Tax Yes
    Net Lottery Sales Per Capita $358 (2010)
    Tax Policy Oversight
    Tax Expenditure Report Yes
    Tax Incidence Analysis Capability Personal income tax only

    Last updated January 13, 2015