Top tax-friendly states for retirees

Want to retire to a place where state income and sales taxes, plus inheritance and estate taxes, aren't a burden? Consider these 10 states.

 of 12
 of 12

VIDEO ON MSN MONEY

75Comments
Jan 25, 2013 5:21PM
avatar
South Carolina is misrepresented, though a great place to retire. There is NO sales tax on food! Also the property tax is NOT 4% of the market value of the home, the property tax the assessed value which is 4% of the market value times the millage rate. A 100,000.00 home pays $ 410 per year. That is low!!!  
Jan 25, 2013 4:06PM
avatar

I have been in every state and don't like 46 of them-  and only one is east of the Rockies. But these MSN picks are really bad.  Most retirees do not care about education for the next generations. I do.  Several areas of some states have exceptionally low property taxes, such as here in SW Oregon- plus no sales tax to boot.  Weather is better here in SW Oregon than most would imagine as well.  The only real draw back to Oregon is the rain from November to April.  While the school districts are poor all around the state, the schools are still better here  than in 90% of the nation.

 

After ten years of retirement, I am considering moving to Costa Rica. Personally I like warmth and would never consider living in PA, AK, DE, NH, WYO, etc.  As far as Texas is concerned, been there dozens of times there seems to be only one place there with any intelligent life forms: Austin. But Austin is  outrageously expensive. It is a wonder the people there do not overthrow their  government and lower property taxes. I looked at  houses in the Austin area the same value as my Oregon home on 15 acres ($340K) and the property taxes in Austin monthly were equal to mine for an entire year!

Jan 25, 2013 2:00PM
avatar

More  LYING BIAS...

No Texas and NO Florida...Sheesh, I guess all those retirees moving to those 2 States must be senile...NO, the writers are lying sacks...

 

Seriously, you'd have to be an idiot not to have Florida and Texas on list

Jan 25, 2013 11:16AM
avatar
...SO weary of incorrect, hastily crafted articles presenting incomplete information - what is the value in this?
Jan 25, 2013 10:38AM
avatar
Just shows you how screwed we are in Michigan.......
Jan 25, 2013 8:53AM
avatar
Concerning South Carolina......since when are property taxes based on 4% market value of a home considered low?  I have a 300K home in Colorado and I pay about 3,600$ a year.....at 4%, that would be a 12K annual tax bill.....no thanks!!
Nov 18, 2012 2:59AM
avatar
The Gray Green Greasy LIMPOPO River?  Most of the states listed are sweltering hot, very humid and in turn, inclined to support toxic moulds.  Parts of Wyoming are cold but there are many places off the plains where the weather is quite comfortable--Lander, Hot Springs, Jackson Hole,etc.
Nov 18, 2012 1:42AM
avatar
Whoever posted this article has seriously inaccurate information.  The sales tax at least in Las Vegas is 8.1%.  Somebody needs to check their facts.  It makes one wonder about the accuracy of the other state information. 
Nov 18, 2012 1:08AM
avatar

It is SAD!!! that our government has grown so far out of control of the people ,,, that people are willing to move to different State to avoid over-taxation ,,, other countries like China refer to America as the "Welfare War fare Country",,, or as Social Economist   state" the only thing that is going to cuase or country to have a Economic crisis is To Much government"

Geo Political Social Economics

Its unfortuanate that our Leaders do Not Even Understand Basic Social Economics

Nov 18, 2012 12:40AM
avatar
It also states in that article that no state taxes paid on clothes, bull, whoever wrote this article needs to do better coverage. I've lived in PA all my life and half the stuff you wrote is not true. That's the trouble with this country any more; propaganda out the butt. And sadly enough, when people read things they think because its posted on news or as an article that it is true. Get a real life people. When the Lord comes again wont make a difference where you live and how much money you have.
Nov 18, 2012 12:36AM
avatar
im 42 and thinking i might retire!  figure i will get all the government handouts (thank you mr pres.) i possibly can, and live it up. why work hard when you can take all those rich peoples money!  its the new american way!  so if your rich, please dont miss a day of work, cause im riding on your back! 
Nov 17, 2012 11:45PM
avatar
I have a house paid for and am going to pay thru the teeth on Taxes this year! It's nearly 5300 sq ft under lock and key In Tampa Florida on Cory Lake!
Nov 17, 2012 11:41PM
avatar
AT what age??????? I'm 44 and retired.......
Nov 17, 2012 11:20PM
avatar
Stay at home and pay . Try and make it better where ever home is . Some people will have too go , but if its not from a fire or flood stay . If its cold put on something warmer , if its too hot were something white that covers , keep your friends and find some knew ones along the way , stop reading this bs , plan on working until you die . smile and be good , if you have nothing good to say say nothing . again smile until your stiff and stinky
Nov 17, 2012 11:19PM
avatar

what about the 5% sells taxes that the cities put on the state tax in AL.so the total tax is 9% not 5% .

Nov 17, 2012 10:41PM
avatar
PA state tax is 3.2%, how do you manage to get that wrong? Also, the reason it is low is because they have insane property tax laws, and in addition is one of only two states that are commonwealths, so you have multiple options for local taxes.
Nov 17, 2012 10:32PM
avatar
This article is so misleading. I'm sure all these states are all very tax friendly. But, best to retire in? Not so much. This article should have combined tax rates AND cost of living figures to come up with a more balanced, accurate list. Alaska, really? Ever bought a gallon of milk or eggs or bread or gas in Alaska? Not to mention real estate values. Alaska is a great place, but low taxes or not, I could never afford to live there, much less retire there. As much as I would love to.
Nov 17, 2012 10:15PM
avatar

Hey Why Not Move To New Jersey?  The Garden/Garbage State... LOL ;)... I've Lived Here My Whole Life And Loved It  Here On The Jersey Shore In Monmouth County... But Now Can't Wait To Get Out!

Nov 17, 2012 9:43PM
avatar

58 years in Cali and I ain't movin' no-where!  Prop 13 makes up for a lot of 'other taxation'.  5 miles from the coast and it's  generally a gorgeous day, every day.

Thinkin' we'll have to keep a close eye on the new 'super-majority' just in case, though...

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.