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  • Facts and Figures 2012: Estate Tax Rates and Exemptions, As of January 1, 2012

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    Estate Tax Rates and Exemptions, As of January 1, 2012 State Conn. Del. Hawaii Ill. Maine (a) Md. (b) Mass. Minn. N.J. (b) N.Y. N.C. Ohio (c) Ore. R.I. Tenn. (d) Vt. Wash. D.C. Exemption $2M $5M $3.6M $2M $1M $1M $1M $1M $675,000 $1M $5M $338,333 $1M $859,350 $1M $2.75M $2M $1M Rate (Min. to Max.) 7.2% - 12% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 6% - 7% 0.8% - 16% 0.8% - 16% 5.5% - 9.5% 0.8% - 16% 10% - 19% 0.8% - 16% (a) M

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    Estate Tax Rates and Exemptions, As of January 1, 2012 State Conn. Del. Hawaii Ill. Maine (a) Md. (b) Mass. Minn. N.J. (b) N.Y. N.C. Ohio (c) Ore. R.I. Tenn. (d) Vt. Wash. D.C. Exemption $2M $5M $3.6M $2M $1M $1M $1M $1M $675,000 $1M $5M $338,333 $1M $859,350 $1M $2.75M $2M $1M Rate (Min. to Max.) 7.2% - 12% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 6% - 7% 0.8% - 16% 0.8% - 16% 5.5% - 9.5% 0.8% - 16% 10% - 19% 0.8% - 16% (a) M

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    Facts and Figures 2012: Estate Tax Rates and Exemptions, As of January 1, 2012

    Uploaded by

    Tax Foundation
    Estate Tax Rates and Exemptions, As of January 1, 2012 State Conn. Del. Hawaii Ill. Maine (a) Md. (b) Mass. Minn. N.J. (b) N.Y. N.C. Ohio (c) Ore. R.I. Tenn. (d) Vt. Wash. D.C. Exemption $2M $5M $3.6M $2M $1M $1M $1M $1M $675,000 $1M $5M $338,333 $1M $859,350 $1M $2.75M $2M $1M Rate (Min. to Max.) 7.2% - 12% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 0.8% - 16% 6% - 7% 0.8% - 16% 0.8% - 16% 5.5% - 9.5% 0.8% - 16% 10% - 19% 0.8% - 16% (a) M

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    of 1

    Estate Tax Rates and Exemptions,

    As of January 1, 2012
    State
    Conn.
    Del.
    Hawaii
    Ill.
    Maine (a)
    Md. (b)
    Mass.
    Minn.
    N.J. (b)
    N.Y.
    N.C.
    Ohio (c)
    Ore.
    R.I.
    Tenn. (d)
    Vt.
    Wash.
    D.C.

    Exemption
    $2M
    $5M
    $3.6M
    $2M
    $1M
    $1M
    $1M
    $1M
    $675,000
    $1M
    $5M
    $338,333
    $1M
    $892,865
    $1M
    $2.75M
    $2M
    $1M

    Rate (Min. to Max.)


    7.2% - 12%
    0.8% - 16%
    0.8% - 16%
    0.8% - 16%
    0.8% - 16%
    0.8% - 16%
    0.8% - 16%
    0.8% - 16%
    0.8% - 16%
    0.8% - 16%
    0.8% - 16%
    6% - 7%
    0.8% - 16%
    0.8% - 16%
    5.5% - 9.5%
    0.8% - 16%
    10% - 19%
    0.8% - 16%

    (a) Maine's exemption will increase to $2M on Jan 1, 2013.


    (b) Maryland and New Jersey have both an estate and an inheritance tax.
    (c) Ohio's estate tax is repealed effective Jan 1, 2013.
    (d) Some sources (including The Tennessee Department of Revenue) list Tennessee's
    estate tax as an inheritance tax, but it functions as an estate tax.
    Source: American Family Business Foundation.
    Tax Foundation
    www.TaxFoundation.org

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