Tax Comparison: Schroon lake, NY vs El dorado hills, CA
Understanding Your Tax Burden
This page compares the three main types of taxes between Schroon lake, NY and El dorado hills, CA: 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
Schroon lake, NY
$6,521
Based on a $419,200 home
Rate: 1.5555%
El dorado hills, CA
$2,952
Based on a $419,200 home
Rate: 0.7041%
| Data | Schroon lake, NY | El dorado hills, CA |
|---|---|---|
| Effective Property Tax Rate | 1.5555% | 0.7041% |
| Estimated Property Tax | $6,521 | $2,952 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in El dorado hills, CA are $3,569 lower than in Schroon 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
CA
1%-13.3%
Single: $865
Married: $1,557
| Data | NY | CA |
|---|---|---|
| Tax Rate | 4%-10.9% | 1%-13.3% |
| Single Filer ($100k) | $5,436 | $865 |
| Married Couple ($200k) | $9,785 | $1,557 |
| Median Income ($80.6k) | $4,837 | $4,837 |
Comparison: Income taxes are roughly the same in both states 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
Schroon lake, NY
8.875%
Combined rate
Annual sales tax: $1375
(Based on $15,500 spending)
El dorado hills, CA
12.000%
Combined rate
Annual sales tax: $1860
(Based on $15,500 spending)
| Data | Schroon lake, NY | El dorado hills, CA |
|---|---|---|
| State Sales Tax | 4.00% | 7.25% |
| Combined Sales Tax | 8.875% | 12.000% |
| Annual Tax Amount | $1,375 | $1,860 |
Comparison: Shopping in Schroon lake, NY costs $485 less in annual sales tax than in El dorado hills, CA for the average household.
Tax Comparison Insights
Tax Insights: Schroon lake vs El dorado hills
- Property Tax: El dorado hills has a 0.8514 percentage points lower effective property tax rate than Schroon lake.
- Income Tax: Both states have similar income tax burdens for median income households.
- Sales Tax: The combined sales tax rate in Schroon lake is 3.13 percentage points lower than in El dorado hills.
Overall Tax Burden Comparison
Schroon lake, NY
$12,732
Combined annual tax burden
Property
$6,521
Income
$4,837
Sales
$1,375
El dorado hills, CA
$9,648
Combined annual tax burden
Property
$2,952
Income
$4,837
Sales
$1,860
Overall Comparison: El dorado hills, CA has an estimated $3,084 lower total tax burden than Schroon 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.