Welcome to the “vampire state.”

New York sucks the most money from taxpayers’ pockets out of any state in the nation, using the windfall to fund its massive spending programs, a new report found.

When combining all state and local taxes, New York ranked No. 1 in tax burden per resident, according to the analysis by the Citizens Budget Commission released Wednesday.

New York was also the biggest spender among mainland states, second only to oil-rich Alaska, the non-partisan watchdog group found.

The blue state’s runaway spending — including on Medicaid and public education per student — eclipsed that of neighbors and competitors, like New Jersey and Texas, the CBC said.

“Combined with New York’s high cost of living and uneven public services, these fiscal burdens weaken New York’s value proposition and its ability to attract and retain residents and businesses,” the report said.

“New York State and its localities should hold the line on—and preferably reduce—taxes, while improving service quality, affordability, and government efficiency.”

The report comes during the final stretch of a campaign for governor, with Democratic incumbent Kathy Hochul in charge during New York’s dubious distinction as the highest-taxed state as she faces off against Republican Bruce Blakeman.

State Conservative Party Chairman Gerard Kassar said the report’s findings are proof that New York’s policies are forcing residents to flee.

“New York is the vampire state. Vampires suck blood. New York politicians suck money out of your pocket and don’t think twice about it,” Kassar told The Post.

“The high taxes is one of the reasons New Yorkers leave the state.”

The report, covering taxes and spending for fiscal year 2024, found New York state and local governments collected the most per resident — 71% more than the national average and topping left coast spendthrift California by 22%.

Other findings include:

• NYS and localities collected more personal income tax per $1,000 of any state, at $41 — 94% more than the national average.
• Collected the most corporate taxes per $1,000 of state GDP in the nation.
• Spent more per capita than all states except Alaska — 44% more than the national average.
• Spent 23% more per capita than Massachusetts, 40% more than New Jersey and 96% percent more than Florida.
• NYS would have saved $99 billion if its politicians spent like neighboring New Jersey and $143 billion had they spent like Texas.

The Empire State had the combined highest personal income taxes and the highest corporate income taxes, third-highest property taxes, sixth-highest sales taxes and 13th highest for all other taxes, according to the CBC.

Why does New York have such a steep tax burden? The state imposes a sweeping array of taxes and its progressively high state and city income tax rates snatch more revenue from the wealthiest residents, according to the CBC.

State and local governments also impose hefty property taxes on valuable real estate assets.

New York City even imposes a 6% commercial tax rent of least $250,000 for tenants renting in commercial buildings in Manhattan south of 96th Street.

There’s also the state’s “Mobility Payroll Tax” on firms in the city and metro region — which directly funds the Metropolitan Transportation Authority that operates Big Apple subway, bus and regional rail lines.

The nation’s highest taxes fuel the highest spending among US mainland states, according to the CBC.

Reports show New York spends the most per public school student and the most on Medicaid of any state in the nation.

New York spends $34,000 per student on K-12 public education, the Education Data Initiative found. But all that money hasn’t helped improve mediocre student results on national standardized reading and math tests.

The state also shells out $4,940 per resident on Medicaid, the public health insurance for the needy. That’s substantially higher than the $2,800 per patient national average and $400 more per resident than in Kentucky, the second biggest Medicaid spender, according to a recent study by the Empire Center for Public Policy.

“Had New York State and its local governments spent like New Jersey, they would have saved $99 billion, Massachusetts $64 billion, and Florida $170 billion,” the CBC said.

The analysis does not include the recent pied-a-terre tax on luxury second homes that Hochul authorized Mayor Zohran Mamdani to impose on non-resident New York City property owners.

“Increasing its already-nation-leading taxes will not make New York more competitive,” the CBC analysis warned.

“It may well do the opposite, making it less attractive to some by further driving up New York’s high cost of living and doing business.”

The report noted that New York was not expected, or did not need to, become a low tax or even an average tax and spending state, given its long history of being tops in both.

New York ranked first in taxes and third in spending in the prior year’s fiscal 2023 rating of states.

“But because it already ranks near the top for taxes and spending, the state should focus on improving the value taxpayers receive,” the CBC report said.

“That means holding the line on taxes where possible, reducing them where feasible, and ensuring public dollars produce stronger results.”

Blakeman, the Nassau County executive facing off against Hochul in November’s election, has promised to slash income taxes, if elected.

“With $8 billion in new tax hikes under Kathy Hochul, New York is now the highest-taxed state in America. Elect me, and we’re going to put that money back where it belongs—in your pocket—with the largest income tax cut our state has ever seen,” he said in a statement Wednesday.

Hochul didn’t immediately comment.