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All but a few states apply a capital gains tax on the sale of most assets. When calculating your tax on the appreciated value of the asset you’re selling, be sure to include any appropriate state tax with your federal capital gains tax.
The sale of investment property held for rental purposes is subject to capital gains tax in most states.
| State | Capital Gains Tax Rate (%) |
|---|---|
| Alabama | 5.00 |
| Alaska | 0.00 |
| Arizona | 4.54 |
| Arkansas | 6.90 |
| California | 13.30 |
| Colorado | 4.63 |
| Connecticut | 6.99 |
| Delaware | 3.40 |
| Florida | 0.00 |
| Georgia | 5.75 |
| Hawaii | 11.00 |
| Idaho | 6.93 |
| Illinois | 4.95 |
| Indiana | 3.23 |
| Iowa | 8.53 |
| Kansas | 5.70 |
| Kentucky | 5.00 |
| Louisiana | 6.00 |
| Maine | 7.15 |
| Maryland | 5.75 |
| Massachusetts | 5.05 |
| Michigan | 4.25 |
| Minnesota | 9.85 |
| Mississippi | 5.00 |
| Missouri | 5.40 |
| Montana | 6.90 |
| Nebraska | 6.84 |
| Nevada | 0.00 |
| New Hampshire | 0.00 |
| New Jersey | 10.750 |
| New Mexico | 4.90 |
| New York | 8.82 |
| North Carolina | 5.25 |
| North Dakota | 2.90 |
| Ohio | 5.00 |
| Oklahoma | 5.00 |
| Oregon | 9.90 |
| Pennsylvania | 3.07 |
| Rhode Island | 5.99 |
| South Carolina | 7.00 |
| South Dakota | 0.00 |
| Tennessee | 0.00 |
| Texas | 0.00 |
| Utah | 4.95 |
| Vermont | 9.75 |
| Virginia | 5.75 |
| Washington | 0.00 |
| West Virginia | 6.50 |
| Wisconsin | 7.65 |
| Wyoming | 0.00 |
Source: worldpopulationreview.com
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DST 1031 properties are only available to accredited investors (typically have a $1 million net worth excluding primary residence or $200,000 income individually/$300,000 jointly of the last three years) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity please verify with your CPA and Attorney.