As investors attempt to wring returns from a low-growth, low-rate environment, an individual’s tax burden weighs heavily on his or her ability to generate income.

According to WalletHub’s report on "2016’s States with the Highest & Lowest Tax Rates," the state with the lowest overall tax rates is Florida, while the state with the highest is Illinois.

WalletHub reports that the taxes in the 10 most expensive states are three times higher than those in the least expensive states, and tax rates in Democratic Party-controlled blue states are more than 10 percent higher than those in Republican Party-controlled red states.

For the study, WalletHub analyzed and ranked each state according to four different types of taxation: income tax, real-estate tax, vehicle property tax and sales and excise taxes.

No. 10: Florida

Florida, the retirement haven for many Americans seeking to protect their assets from the tax man, pays a combined effective state and local tax rate of 9.03 percent, according to WalletHub.

No. 9: South Carolina

The median South Carolinian household pays an effective total state and local tax rate of 8.8 percent.

No. 8: California

California’s high excise and vehicle taxes are offset by a combined effective state and local tax rate of 8.8 percent -- the same as a median household in South Carolina.

No. 7: Idaho

In Idaho, the median household pays an effective total state and local tax rate of 8.48 percent.

No. 6: Tennessee

Tennessee imposes on its median household an effective combined state and local tax rate of 7.95 percent.

No. 5: Nevada

Nevada’s low income and sales taxes helped offset above-average vehicle property taxes to elevate the state to fifth place on WalletHub’s list.

No. 4: Wyoming

Wyoming  has no state income tax and a low effective real estate tax rate of 2.03 percent.

No. 3: Montana

The average household in Montana paid $3,830 in taxes, a rate of 6.92 percent when state and local taxes were combined.

No. 2: Delaware

The median U.S. household in Delaware paid a total state and local tax rate of 6.02 percent, or $3,246.

No. 1: Alaska

Alaska has the lowest gas tax in the United States, at just over $0.12 per gallon.