Tax Comparison: Sioux city, IA vs Winnsboro, SC
Understanding Your Tax Burden
This page compares the three main types of taxes between Sioux city, IA and Winnsboro, SC: 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
Sioux city, IA
$4,532
Based on a $419,200 home
Rate: 1.0810%
Winnsboro, SC
$2,218
Based on a $419,200 home
Rate: 0.5290%
| Data | Sioux city, IA | Winnsboro, SC |
|---|---|---|
| Effective Property Tax Rate | 1.0810% | 0.5290% |
| Estimated Property Tax | $4,532 | $2,218 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Winnsboro, SC are $2,314 lower than in Sioux city, IA 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
IA
4.4%-5.7%
Single: $3,800
Married: $6,840
SC
0%-6.3%
Single: $5,580
Married: $10,044
| Data | IA | SC |
|---|---|---|
| Tax Rate | 4.4%-5.7% | 0%-6.3% |
| Single Filer ($100k) | $3,800 | $5,580 |
| Married Couple ($200k) | $6,840 | $10,044 |
| Median Income ($80.6k) | $3,061 | $5,003 |
Comparison: Income taxes in IA are $1,942 lower than in SC 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
Sioux city, IA
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
Winnsboro, SC
9.000%
Combined rate
Annual sales tax: $1395
(Based on $15,500 spending)
| Data | Sioux city, IA | Winnsboro, SC |
|---|---|---|
| State Sales Tax | 6.00% | 6.00% |
| Combined Sales Tax | 8.000% | 9.000% |
| Annual Tax Amount | $1,240 | $1,395 |
Comparison: Shopping in Sioux city, IA costs $155 less in annual sales tax than in Winnsboro, SC for the average household.
Tax Comparison Insights
Tax Insights: Sioux city vs Winnsboro
- Property Tax: Winnsboro has a 0.5520 percentage points lower effective property tax rate than Sioux city.
- Income Tax: Living in IA could save you approximately $1,942 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Sioux city is 1.00 percentage points lower than in Winnsboro.
Overall Tax Burden Comparison
Sioux city, IA
$8,832
Combined annual tax burden
Property
$4,532
Income
$3,061
Sales
$1,240
Winnsboro, SC
$8,615
Combined annual tax burden
Property
$2,218
Income
$5,003
Sales
$1,395
Overall Comparison: Winnsboro, SC has an estimated $217 lower total tax burden than Sioux city, IA 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.