Tax and finance · Reinvent NY glossary
State taxes are taxes imposed by individual U.S. states, which can include income tax, sales tax, property tax, and various excise taxes. Tax rates and structures vary dramatically from state to state. Some states like Florida, Texas, and Nevada have no state income tax, while others like California and New York have rates exceeding 10%.
New York State has a progressive income tax with rates ranging from 4% to 10.9% for the highest earners. New York City imposes an additional city income tax of 3.078% to 3.876%. Combined with federal taxes, high-income residents of NYC can face marginal tax rates exceeding 50%. Property taxes in New York also vary widely between NYC and surrounding suburbs.
For international investors and immigrants choosing where to establish residency, state tax implications can significantly impact net income and investment returns. Many E-2 and EB-5 investors consider state tax burdens when deciding where to locate their businesses. However, New York's robust economy, international connectivity, and business infrastructure often outweigh the higher tax costs for many investors.
The four states international buyers ask about most: New York up 5.2% on the year, California at a 4.22% yield, and what Texas and Florida really cost.
Indiana, Missouri and Ohio in 2026: state gains of 3-3.5% on the year with yields of 5.75-6.61%, and the secondary cities quietly outperforming the metros.
Baltimore in 2026: a $192,669 typical value, $1,799 rents and an 11.2% gross yield — the highest on the Northeast corridor, and what the price is telling you.
Ohio in 2026: a $251,502 state median up 3.5% on the year, with Cleveland at a 14.13% gross yield and Columbus at 6.96% — and what separates the two.
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