What is the sales tax of New York?

The state of New York has a rather odd sales tax mandated. Most states impose a single tax line across the entire state with some added metropolitan tax rates that hardly bring up the total amount. New York is different. As a whole, the New York sales tax is roughly 8.875%, a rather specific and interesting percentage when compared to other states. The number comes from the actual state tax which is placed at 4%, adding in the city tax rate of 4.5%, while also taking in an extra boost of 0.375% that comes from the Metropolitan Commuter Transportation District. Instead of taking in only 2 factors, New York takes in 3 factors, achieving a higher than average sales tax rate across the state.

Recommended content for you

Related Tax Questions

What is the New York state income tax?
New York is a little bit like California in terms of how it conducts its state-wide income tax collection. Like the federal income tax, New York...... Read More
What was the economy like in Colonial New York?
The economy nowadays is extremely diverse and globally interacted with over 150 countries participating in trade and...... Read More
Can your ex-wife and her new husband legally claim your children on their taxes if she does not have
When it comes to claiming a child or children on a tax return after a divorce, things can get a little tricky. There are many factors...... Read More
What are the effects of sales tax on consumers?
Although sales tax may seem like a small amount that couldn't possibly affect the way consumers think, it actually has some extraordinary...... Read More
If you purchase a used car from an out-of-state, private party do you have to pay sales tax twice?
Sales tax upon the purchase of an item that is as big as a car can be a bit tricky, sometimes. In this particular case when you...... Read More
If you buy 2 pairs of shoes for $50.00 each and the sales tax is 0.08%, what change will I get back
When you go to the store you should always expect to pay a sales tax on whichever transaction takes place. In the instance in...... Read More
Do I pay sales tax on a home purchase?
When you purchase a good of any kind, it is subject to a sales tax administered by the state/local governments. When it comes to purchasing...... Read More
What states do not charge sales tax?
When you live in 45 of the 50 states of the United States, you should expect to pay some sort of sales tax upon every transaction you make, whether...... Read More
What kind of tax is a poll tax?
A poll tax acts differently than other taxes. Taxes like income tax, sales tax, and others depend on the value of what is being taxed. For...... Read More
If you are buying a car from a private seller do you pay them sales tax?
Yes you do. It really depends on which state you reside in during the transaction and which state you decide to...... Read More
Is the federal income tax a progressive tax or a regressive tax?
A progressive tax is when the government imposes a tax code that allows them to charge higher taxes to those who have a lot of income, while charging a lower rate to those with a lower income. A regressive tax is when the complete opposite happens. The go... Read More
What is proportional tax and what is regressive tax and an example of each?
A proportional tax is a tax that takes income from all income groups so that the income tax rate is fixed. The amount that is...... Read More

Comments