Tax Comparison: Round lake, NY vs West fargo, ND
Understanding Your Tax Burden
This page compares the three main types of taxes between Round lake, NY and West fargo, ND: 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
Round lake, NY
$6,251
Based on a $419,200 home
Rate: 1.4911%
West fargo, ND
$5,079
Based on a $419,200 home
Rate: 1.2115%
| Data | Round lake, NY | West fargo, ND |
|---|---|---|
| Effective Property Tax Rate | 1.4911% | 1.2115% |
| Estimated Property Tax | $6,251 | $5,079 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in West fargo, ND are $1,172 lower than in Round lake, 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
ND
1.95%-2.5%
Single: $1,887
Married: $3,397
| Data | NY | ND |
|---|---|---|
| Tax Rate | 4%-10.9% | 1.95%-2.5% |
| Single Filer ($100k) | $5,436 | $1,887 |
| Married Couple ($200k) | $9,785 | $3,397 |
| Median Income ($80.6k) | $4,837 | $2,015 |
Comparison: Income taxes in ND are $2,822 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
Round lake, NY
8.875%
Combined rate
Annual sales tax: $1375
(Based on $15,500 spending)
West fargo, ND
8.500%
Combined rate
Annual sales tax: $1317
(Based on $15,500 spending)
| Data | Round lake, NY | West fargo, ND |
|---|---|---|
| State Sales Tax | 4.00% | 5.00% |
| Combined Sales Tax | 8.875% | 8.500% |
| Annual Tax Amount | $1,375 | $1,317 |
Comparison: Shopping in West fargo, ND costs $58 less in annual sales tax than in Round lake, NY for the average household.
Tax Comparison Insights
Tax Insights: Round lake vs West fargo
- Property Tax: West fargo has a 0.2796 percentage points lower effective property tax rate than Round lake.
- Income Tax: Living in ND could save you approximately $2,822 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in West fargo is 0.38 percentage points lower than in Round lake.
Overall Tax Burden Comparison
Round lake, NY
$12,462
Combined annual tax burden
Property
$6,251
Income
$4,837
Sales
$1,375
West fargo, ND
$8,410
Combined annual tax burden
Property
$5,079
Income
$2,015
Sales
$1,317
Overall Comparison: West fargo, ND has an estimated $4,052 lower total tax burden than Round lake, 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.