Tax Comparison: Swan lake, NY vs Santa monica, CA
Understanding Your Tax Burden
This page compares the three main types of taxes between Swan lake, NY and Santa monica, 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
Swan lake, NY
$9,073
Based on a $419,200 home
Rate: 2.1644%
Santa monica, CA
$2,910
Based on a $419,200 home
Rate: 0.6942%
| Data | Swan lake, NY | Santa monica, CA |
|---|---|---|
| Effective Property Tax Rate | 2.1644% | 0.6942% |
| Estimated Property Tax | $9,073 | $2,910 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Santa monica, CA are $6,163 lower than in Swan 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
Swan lake, NY
8.875%
Combined rate
Annual sales tax: $1375
(Based on $15,500 spending)
Santa monica, CA
12.000%
Combined rate
Annual sales tax: $1860
(Based on $15,500 spending)
| Data | Swan lake, NY | Santa monica, 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 Swan lake, NY costs $485 less in annual sales tax than in Santa monica, CA for the average household.
Tax Comparison Insights
Tax Insights: Swan lake vs Santa monica
- Property Tax: Santa monica has a 1.4702 percentage points lower effective property tax rate than Swan lake.
- Income Tax: Both states have similar income tax burdens for median income households.
- Sales Tax: The combined sales tax rate in Swan lake is 3.13 percentage points lower than in Santa monica.
Overall Tax Burden Comparison
Swan lake, NY
$15,285
Combined annual tax burden
Property
$9,073
Income
$4,837
Sales
$1,375
Santa monica, CA
$9,607
Combined annual tax burden
Property
$2,910
Income
$4,837
Sales
$1,860
Overall Comparison: Santa monica, CA has an estimated $5,678 lower total tax burden than Swan 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.