The percentage of inheritance tax varies depending on the state and the size of the inheritance, as well as the relationship between the beneficiary and the deceased. Inheritance taxes generally range from less than 1% to 18% of the value of the property and cash inherited. However, most states only apply tax to an inheritance above a certain amount, and there is usually an exemption amount for inheritance taxes that is normally set very high, of at least $1 million, and only the amount exceeding that threshold is taxed. The tax rate is typically assessed on a sliding basis, with rates beginning in the single digits and rising to between 15% and 18% . The only people who are subject to the maximum 15% inheritance tax are other heirs who aren’t a spouse, direct descendent, or sibling. It is important to note that the U.S. does not have a federal inheritance tax, but some states impose one.