Most & Least Taxing States: 2014

By Rebecca Helmes of Bloomberg BNA - 2014-04-14T23:05:22Z

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Texans don't pay state income tax, but some of their income tax savings gets spent on state and local sales tax, ranked 11th in the nation, at 8.15 percent. Property taxes are higher here than in a lot of other states, too, with $1,557 in per-person collections coming in at 15th in the nation. Will that always be the case? One candidate for the state’s comptroller of public accounts recently spoke about getting rid of property taxes. The state is in the middle of a drilling boom that contributed to its 2012-2013 budget surplus.

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