Posted on November 17, 2011 by Greg Herman-Giddens

Death Taxes - Worst States to Die In

Here are the states with an estate and or inheritance tax, ranked from approximate highest to lowest tax burden (North Carolina has the distinction of being the best of the worst):

  1. New Jersey - $675,000 exemption, 16% top rate (estate tax); $500 exemption/16% top rate (inheritance tax)
  2. Maryland -$1M/16% (estate tax); $50,000/10% (inheritance tax)
  3. Pennsylvania - 0/15% (inheritance tax)
  4. Iowa - $0/15% (inheritance tax)
  5. Indiana - $100/20% (inheritance tax)
  6. Kentucky - $500/16% (inheritance tax)
  7. Nebraska - $10,000/18% (inheritance tax)
  8. Ohio - $338,338/7% (repealed effective 1/1/2013)
  9. Rhode Island - $850,000/16%
  10. Minnesota - $1M/16.7%
  11. Maine - $1M/16%
  12. Oregon - $1M/16%
  13. District of Columbia - $1M/16%
  14. Massachusetts - $1M/16%
  15. Washington - $2M/19%
  16. Illinois - $2M/16.7%
  17. Connecticut -$2M/12%
  18. Vermont - $2.75M/16%
  19. North Carolina - $5M - 16%

State death taxes are deductible against the federal estate tax, which currently has a $5 million exemption and 35% rate.

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