Tax Comparison: Mount vernon, NY vs Lake leelanau, MI
Understanding Your Tax Burden
This page compares the three main types of taxes between Mount vernon, NY and Lake leelanau, MI: 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
Mount vernon, NY
$6,567
Based on a $419,200 home
Rate: 1.5666%
Lake leelanau, MI
$2,942
Based on a $419,200 home
Rate: 0.7019%
| Data | Mount vernon, NY | Lake leelanau, MI |
|---|---|---|
| Effective Property Tax Rate | 1.5666% | 0.7019% |
| Estimated Property Tax | $6,567 | $2,942 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Lake leelanau, MI are $3,625 lower than in Mount vernon, 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
NY
4%-10.9%
Single: $5,436
Married: $9,785
MI
4.25%
Single: $4,250
Married: $7,650
| Data | NY | MI |
|---|---|---|
| Tax Rate | 4%-10.9% | 4.25% |
| Single Filer ($100k) | $5,436 | $4,250 |
| Married Couple ($200k) | $9,785 | $7,650 |
| Median Income ($80.6k) | $4,837 | $3,424 |
Comparison: Income taxes in MI are $1,413 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
Mount vernon, NY
8.875%
Combined rate
Annual sales tax: $1375
(Based on $15,500 spending)
Lake leelanau, MI
6.000%
Combined rate
Annual sales tax: $930
(Based on $15,500 spending)
| Data | Mount vernon, NY | Lake leelanau, MI |
|---|---|---|
| State Sales Tax | 4.00% | 6.00% |
| Combined Sales Tax | 8.875% | 6.000% |
| Annual Tax Amount | $1,375 | $930 |
Comparison: Shopping in Lake leelanau, MI costs $445 less in annual sales tax than in Mount vernon, NY for the average household.
Tax Comparison Insights
Tax Insights: Mount vernon vs Lake leelanau
- Property Tax: Lake leelanau has a 0.8647 percentage points lower effective property tax rate than Mount vernon.
- Income Tax: Living in MI could save you approximately $1,413 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Lake leelanau is 2.88 percentage points lower than in Mount vernon.
Overall Tax Burden Comparison
Mount vernon, NY
$12,779
Combined annual tax burden
Property
$6,567
Income
$4,837
Sales
$1,375
Lake leelanau, MI
$7,296
Combined annual tax burden
Property
$2,942
Income
$3,424
Sales
$930
Overall Comparison: Lake leelanau, MI has an estimated $5,483 lower total tax burden than Mount vernon, 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.