Retirees Beware: 6 States That Collect Over $9,000 in Taxes Every Year

24/7 Wall St · 24/7 Wall St Quick Read Zohran Mamdani’s proposal to raise property taxes in New York City by 9.9% has once again brought attention to the level of state and local taxes paid across the country. New York has the highest tax burden at $12,865 in state and local tax collections per capita. Property taxes in suburban counties routinely exceed $15,000 annually. A retiree drawing $80,000 annually could save over $8,000 yearly by moving from New York to Florida. A recent study identified ...