For example, if you earn less than $66,295 per year, your marginal rate in California will be no higher than 8%.Ī financial advisor can help you understand how taxes fit into your overall financial goals. Of course, income tax rates will vary depending on each taxpayer’s individual finances.
The average homeowner pays just 0.71% of their actual home value in real estate taxes each year. The Golden State fares slightly better where real estate is concerned, though. Its base sales tax rate of 7.25% is higher than that of any other state, and its top marginal income tax rate of 12.3% is the highest state income tax rate in the country. Gas tax: 53.90 cents per gallon of regular gasoline, 41.00 cents per gallon of dieselĬalifornia has among the highest taxes in the nation.Property tax: 0.71% average effective rate.
