Capital Gains Tax by State

Map

Table

Introduction

The capital gains tax is essentially a federal tax on the profits of corporations that do business within the United States. A capital gain is made when a capital asset is sold for higher than its original purchasing price. 

There are two types of capital gains taxes: short-term and long-term taxes. Short-term capital gains tax is taxed in a similar manner to ordinary income taxes, up to 37% of total profit in 2022 depending on what tax bracket you fall under. Long-term capital gains taxes on the other hand are derived from assets held for longer than one year before they are sold off. They are taxed on graduated thresholds of 0%, 15%, or 20% of total profit, generally being taxed at 15% and lower for most taxpayers who report long-term capital gains. Therefore, a seller is able to minimize their capital gains tax by holding onto their asset for a year or more before selling it. 

The federal government has also passed legislation on capital gains tax, the most recent being the Prohibiting Unrealised Capital Gains Tax, which bars federal officials from taxing capital gains that were not sold or otherwise disposed of. 

Check the data in the charts to see how capital gains taxes vary from state to state.

#StateCapital Gains Tax RateCorporate Tax RateProperty Tax RateSales Tax Rate
1California13.3%8.8%0.7%7.25%
2New Jersey10.75%11.5%2.13%6.63%
3Oregon9.9%7.6%0.91%0%
4Minnesota9.85%9.8%1.05%6.88%
5New York8.82%7.3%1.3%4%
6Vermont8.75%8.5%1.76%6%
7Iowa8.53%8.4%1.43%6%
8Wisconsin7.65%7.9%1.53%5%
9Hawaii7.25%6.4%0.31%4%
10Maine7.15%8.9%1.2%5.5%
11South Carolina7%5%0.53%6%
12Washington7%0%0.84%6.5%
13Connecticut6.99%7.5%1.73%6.35%
14Idaho6.93%5.8%0.65%6%
15Nebraska6.84%7.3%1.54%5.5%
16Delaware6.6%8.7%0.59%0%
17West Virginia6.5%6.5%0.53%6%
18Rhode Island5.99%7%1.37%7%
19New Mexico5.9%5.9%0.59%5.13%
20District of Columbia5.75%8.3%6%
21Georgia5.75%5.8%0.87%4%
22Maryland5.75%8.3%1.01%6%
23Virginia5.75%6%0.84%5.3%
24Kansas5.7%7%1.28%6.5%
25Arkansas5.5%5.3%0.61%6.5%
26Missouri5.4%4%0.96%4.23%
27Alabama5%6.5%0.37%4%
28Kentucky5%5%0.78%6%
29Massachusetts5%8%1.08%6.25%
30Mississippi5%5%0.63%7%
31North Carolina4.99%2.5%0.78%4.75%
32Illinois4.95%9.5%1.97%6.25%
33Utah4.95%4.9%0.56%6.1%
34Montana4.9%6.8%0.74%0%
35Ohio4.8%0%1.52%5.75%
36Oklahoma4.75%4%0.83%4.5%
37Colorado4.55%4.6%0.52%2.9%
38Arizona4.5%4.9%0.6%5.6%
39Louisiana4.25%7.5%0.51%4.45%
40Michigan4.25%6%1.53%6%
41Indiana3.23%4.9%0.81%7%
42Pennsylvania3.07%9%1.43%6%
43North Dakota2.9%4.3%0.88%5%
44Alaska0%9.4%0.98%0%
45Florida0%5.5%0.86%6%
46Nevada0%0%0.56%6.85%
47New Hampshire0%7.5%1.89%0%
48South Dakota0%0%1.14%4.5%
49Tennessee0%6.5%0.63%7%
50Texas0%0%1.6%6.25%
51Wyoming0%0%0.51%4%

Capital Gains Tax Rate by State

Alabama

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Capital Gains Tax Rate

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5%

Ranked in the US

#27

Ranked in the US

#24

Ranked in the US

#49

Ranked in the US

#7

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Alaska

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0%

Ranked in the US

#44

Ranked in the US

#4

Ranked in the US

#21

Ranked in the US

#1

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Arizona

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4.5%

Ranked in the US

#38

Ranked in the US

#38

Ranked in the US

#39

Ranked in the US

#23

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Arkansas

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5.5%

Ranked in the US

#25

Ranked in the US

#34

Ranked in the US

#38

Ranked in the US

#41

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

California

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13.3%

Ranked in the US

#1

Ranked in the US

#7

Ranked in the US

#34

Ranked in the US

#51

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Colorado

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4.55%

Ranked in the US

#37

Ranked in the US

#41

Ranked in the US

#46

Ranked in the US

#6

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Connecticut

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6.99%

Ranked in the US

#13

Ranked in the US

#16

Ranked in the US

#5

Ranked in the US

#40

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Delaware

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6.6%

Ranked in the US

#16

Ranked in the US

#8

Ranked in the US

#40

Ranked in the US

#2

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

District of Columbia

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5.75%

Ranked in the US

#20

Ranked in the US

#11

Ranked in the US

#25

Capital Gains Tax Rate

Corporate Tax Rate

Sales Tax Rate

Florida

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0%

Ranked in the US

#45

Ranked in the US

#33

Ranked in the US

#26

Ranked in the US

#26

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Georgia

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5.75%

Ranked in the US

#21

Ranked in the US

#31

Ranked in the US

#25

Ranked in the US

#8

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Hawaii

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7.25%

Ranked in the US

#9

Ranked in the US

#27

Ranked in the US

#50

Ranked in the US

#9

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Idaho

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6.93%

Ranked in the US

#14

Ranked in the US

#32

Ranked in the US

#35

Ranked in the US

#27

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Illinois

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4.95%

Ranked in the US

#32

Ranked in the US

#3

Ranked in the US

#2

Ranked in the US

#37

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Indiana

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3.23%

Ranked in the US

#41

Ranked in the US

#39

Ranked in the US

#30

Ranked in the US

#47

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Iowa

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8.53%

Ranked in the US

#7

Ranked in the US

#10

Ranked in the US

#11

Ranked in the US

#28

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Kansas

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5.7%

Ranked in the US

#24

Ranked in the US

#21

Ranked in the US

#15

Ranked in the US

#42

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Kentucky

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5%

Ranked in the US

#28

Ranked in the US

#35

Ranked in the US

#31

Ranked in the US

#29

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Louisiana

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4.25%

Ranked in the US

#39

Ranked in the US

#17

Ranked in the US

#47

Ranked in the US

#13

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Maine

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7.15%

Ranked in the US

#10

Ranked in the US

#6

Ranked in the US

#16

Ranked in the US

#21

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Maryland

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5.75%

Ranked in the US

#22

Ranked in the US

#12

Ranked in the US

#20

Ranked in the US

#30

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Massachusetts

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5%

Ranked in the US

#29

Ranked in the US

#13

Ranked in the US

#18

Ranked in the US

#38

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Michigan

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4.25%

Ranked in the US

#40

Ranked in the US

#28

Ranked in the US

#8

Ranked in the US

#31

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Minnesota

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9.85%

Ranked in the US

#4

Ranked in the US

#2

Ranked in the US

#19

Ranked in the US

#46

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Mississippi

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5%

Ranked in the US

#30

Ranked in the US

#36

Ranked in the US

#36

Ranked in the US

#48

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Missouri

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5.4%

Ranked in the US

#26

Ranked in the US

#43

Ranked in the US

#22

Ranked in the US

#12

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Montana

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4.9%

Ranked in the US

#34

Ranked in the US

#23

Ranked in the US

#33

Ranked in the US

#3

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Nebraska

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6.84%

Ranked in the US

#15

Ranked in the US

#19

Ranked in the US

#7

Ranked in the US

#22

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Nevada

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0%

Ranked in the US

#46

Ranked in the US

#46

Ranked in the US

#42

Ranked in the US

#45

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

New Hampshire

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0%

Ranked in the US

#47

Ranked in the US

#18

Ranked in the US

#3

Ranked in the US

#4

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

New Jersey

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10.75%

Ranked in the US

#2

Ranked in the US

#1

Ranked in the US

#1

Ranked in the US

#44

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

New Mexico

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5.9%

Ranked in the US

#19

Ranked in the US

#30

Ranked in the US

#41

Ranked in the US

#19

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

New York

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8.82%

Ranked in the US

#5

Ranked in the US

#20

Ranked in the US

#14

Ranked in the US

#10

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

North Carolina

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4.99%

Ranked in the US

#31

Ranked in the US

#45

Ranked in the US

#32

Ranked in the US

#16

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

North Dakota

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2.9%

Ranked in the US

#43

Ranked in the US

#42

Ranked in the US

#24

Ranked in the US

#17

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Ohio

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4.8%

Ranked in the US

#35

Ranked in the US

#47

Ranked in the US

#10

Ranked in the US

#24

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Oklahoma

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4.75%

Ranked in the US

#36

Ranked in the US

#44

Ranked in the US

#29

Ranked in the US

#14

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Oregon

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Capital Gains Tax Rate

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9.9%

Ranked in the US

#3

Ranked in the US

#15

Ranked in the US

#23

Ranked in the US

#5

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Pennsylvania

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Capital Gains Tax Rate

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3.07%

Ranked in the US

#42

Ranked in the US

#5

Ranked in the US

#12

Ranked in the US

#32

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Rhode Island

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5.99%

Ranked in the US

#18

Ranked in the US

#22

Ranked in the US

#13

Ranked in the US

#49

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

South Carolina

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7%

Ranked in the US

#11

Ranked in the US

#37

Ranked in the US

#44

Ranked in the US

#33

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

South Dakota

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0%

Ranked in the US

#48

Ranked in the US

#48

Ranked in the US

#17

Ranked in the US

#15

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Tennessee

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0%

Ranked in the US

#49

Ranked in the US

#25

Ranked in the US

#37

Ranked in the US

#50

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Texas

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0%

Ranked in the US

#50

Ranked in the US

#49

Ranked in the US

#6

Ranked in the US

#39

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Utah

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Capital Gains Tax Rate

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4.95%

Ranked in the US

#33

Ranked in the US

#40

Ranked in the US

#43

Ranked in the US

#36

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Vermont

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Capital Gains Tax Rate

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8.75%

Ranked in the US

#6

Ranked in the US

#9

Ranked in the US

#4

Ranked in the US

#34

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Virginia

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Capital Gains Tax Rate

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5.75%

Ranked in the US

#23

Ranked in the US

#29

Ranked in the US

#27

Ranked in the US

#20

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Washington

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7%

Ranked in the US

#12

Ranked in the US

#50

Ranked in the US

#28

Ranked in the US

#43

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

West Virginia

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6.5%

Ranked in the US

#17

Ranked in the US

#26

Ranked in the US

#45

Ranked in the US

#35

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Wisconsin

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7.65%

Ranked in the US

#8

Ranked in the US

#14

Ranked in the US

#9

Ranked in the US

#18

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

Wyoming

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0%

Ranked in the US

#51

Ranked in the US

#51

Ranked in the US

#48

Ranked in the US

#11

Capital Gains Tax Rate

Corporate Tax Rate

Property Tax Rate

Sales Tax Rate

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