When it comes to income taxes, the lowest one (4 percent) is applied on up to $8,500 of taxable income for those who file individually and up to $17,150 for joint filers. The highest income tax is 8.82 percent on taxable income that exceeds $1,070,550 (single filers) and $2,155,350 for joint filers.
There’s also a top rate, representing 10.9 percent on taxable income that exceeds $25 million, regardless of your filing status.
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And if you’re wondering how property taxes look like in the Empire State, note that the median rate is $1,692 per $100,000 of assessed home value.
