Interstate Tax Impact Calculator
Compare state income tax and property tax between your current and new state to see the annual and 5-year financial impact of relocating.
Annual Income Tax Change
$-4,000
Inputs
Comparison
Annual Property Tax Change
$2,450
Change in property tax. Negative means lower property taxes.
Total Annual Tax Change
$-1,550
Combined income and property tax change per year.
Monthly Impact
$-129
Total tax change divided by 12 months.
5-Year Impact
$-7,750
Cumulative tax savings or cost over 5 years (assumes rates stay constant).
Results Overview
How to Use This Calculator
- Enter your Annual Gross Income.
- Set the Current State Income Tax Rate (%) and New State Income Tax Rate (%).
- Enter the Current and New Property Tax Rates (%) along with your Home Value.
- Review Annual Income Tax Change, Property Tax Change, and Total Annual Tax Impact of the move.
How the result changes with Annual Gross Income
| Annual Gross Income | Annual Income Tax Change |
|---|---|
| 209,000 | $-10,450 |
| 706,500 | $-35,325 |
| 1,303,500 | $-65,175 |
| 1,801,000 | $-90,050 |
What each input means
- Annual Gross Income
- Your total gross annual income before any deductions.
- Current State Income Tax Rate
- Your current state's effective income tax rate. 0% for states like TX, FL, WA, NV, WY, SD, AK, NH, TN.
- New State Income Tax Rate
- The income tax rate in the state you're moving to. Check your state's tax authority website.
- Current Property Tax Rate
- Your current effective property tax rate. National average is ~1.1%.
- New Property Tax Rate
- Property tax rate in your destination. TX averages 1.8%, NJ averages 2.5%, HI averages 0.3%.
- Home Value
- Estimated market value of the home you'll own in the new state. Set to 0 if renting.
What each result means
- Annual Income Tax Change
- Change in state income tax. Negative means you save money.
- Annual Property Tax Change
- Change in property tax. Negative means lower property taxes.
- Total Annual Tax Change
- Combined income and property tax change per year.
- Monthly Impact
- Total tax change divided by 12 months.
- 5-Year Impact
- Cumulative tax savings or cost over 5 years (assumes rates stay constant).
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersAnnual Gross Income = 80000, Current State Income Tax Rate = 5, New State Income Tax Rate = 0, Current Property Tax Rate = 1.1 = 6 input(s) provided
- Calculate Annual Income Tax ChangeAnnual Income Tax Change-4000 = -4000
- Calculate Annual Property Tax ChangeAnnual Property Tax Change2450 = 2450
- Calculate Total Annual Tax ChangeTotal Annual Tax Change-1550 = -1550
Related Calculators
The questions that sit next to this one — chosen by subject, including calculators filed under a different category.
Cost of Living Comparison Calculator
Compare cost of living between two cities to find the equivalent salary needed to maintain your current lifestyle.
Moving & RelocationCommute Cost Comparison Calculator
Compare annual commute costs between your current and new home, including fuel, tolls, wear, and the dollar value of time saved.
Moving & RelocationMoving Truck Size Calculator
Determine the right truck size based on your home size, furniture count, and number of boxes to move.
More in Life Events, Faith & Community.