Cayuga County has a favorable tax climate, including the state’s sales tax of 4%, which is almost 2% less than the national median rate.
New York’s Individual Income Tax System
The individual income tax rate varies by an individual’s income, and there eight tax brackets ranging from 4% to 8.82%.
New York’s Corporate Income Tax System
New York’s corporate tax structure is composed of a flat rate of 7.1%.
New York Sales and Excise Taxes
New York has a 4% general sales or use tax on consumers, which is less than both the national median rate of 6% and national average rate of 5.08%.
Cayuga County Sales Tax
Cayuga County has a sales tax of 4%.
Source: Tax Foundation, Rand New York 2013