Tax Comparison: Locust fork, AL vs New windsor, NY
Understanding Your Tax Burden
This page compares the three main types of taxes between Locust fork, AL and New windsor, NY: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Locust fork, AL
$1,255
Based on a $419,200 home
Rate: 0.2994%
New windsor, NY
$9,825
Based on a $419,200 home
Rate: 2.3437%
| Data | Locust fork, AL | New windsor, NY |
|---|---|---|
| Effective Property Tax Rate | 0.2994% | 2.3437% |
| Estimated Property Tax | $1,255 | $9,825 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Locust fork, AL are $8,570 lower than in New windsor, NY for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
AL
2%-5%
Single: $4,670
Married: $8,406
NY
4%-10.9%
Single: $5,436
Married: $9,785
| Data | AL | NY |
|---|---|---|
| Tax Rate | 2%-5% | 4%-10.9% |
| Single Filer ($100k) | $4,670 | $5,436 |
| Married Couple ($200k) | $8,406 | $9,785 |
| Median Income ($80.6k) | $4,030 | $4,837 |
Comparison: Income taxes in AL are $807 lower than in NY for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Locust fork, AL
12.000%
Combined rate
Annual sales tax: $1860
(Based on $15,500 spending)
New windsor, NY
8.875%
Combined rate
Annual sales tax: $1375
(Based on $15,500 spending)
| Data | Locust fork, AL | New windsor, NY |
|---|---|---|
| State Sales Tax | 4.00% | 4.00% |
| Combined Sales Tax | 12.000% | 8.875% |
| Annual Tax Amount | $1,860 | $1,375 |
Comparison: Shopping in New windsor, NY costs $485 less in annual sales tax than in Locust fork, AL for the average household.
Tax Comparison Insights
Tax Insights: Locust fork vs New windsor
- Property Tax: Locust fork has a 2.0443 percentage points lower effective property tax rate than New windsor.
- Income Tax: Living in AL could save you approximately $807 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in New windsor is 3.13 percentage points lower than in Locust fork.
Overall Tax Burden Comparison
Locust fork, AL
$7,145
Combined annual tax burden
Property
$1,255
Income
$4,030
Sales
$1,860
New windsor, NY
$16,036
Combined annual tax burden
Property
$9,825
Income
$4,837
Sales
$1,375
Overall Comparison: Locust fork, AL has an estimated $8,891 lower total tax burden than New windsor, NY based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.