40.Rhode Island- not tax-friendly
In Rhode Island, seniors would have to pay tax on their Social Security benefits, if their federal adjusted gross is too high.
- The State Income Tax Range is 3,75%(on up to $65,250 of taxable income)- 5,99%(on taxable income over $148,350);
- The Average Combined State and Local Sales Tax Rate is 7%;
- The Median Property Tax Rate is $1,533/$100,000 of assessed home value;
- There is an Estate Tax, but no Inheritance Tax.
41.South Carolina- very tax-friendly
For retirees, South Carolina has an irresistible offer where they don’t have to pay any income tax.
- The State Income Tax Range is 3%(on taxable income from $3,070 to $6,150)- 7% (on taxable income over $15,400);
- The Average Combined State and Local Sales Tax Rate is 7.47%;
- The Median Property Tax Rate is $545 per $100,000 of assessed home value;
- There’s no Estate Tax or Inheritance Tax.
42.South Dakota- mixed
Although in South Dakota you won’t have to pay an income tax, the property tax rates there are high.
- There’s no State Income Tax Range;
- The Average Combined State and Local Sales Tax Rate is 6.4%;
- The Median Property Tax Rate is $1,219 per $100,000 of assessed home value;
- There’s no Estate Tax or Inheritance Tax.
43.Tennessee- very tax-friendly
The Volunteer State might seem appealing as a retirement destination, thanks to its low overall tax burden.
- The Average Combined State and Local Sales Tax Rate is 9.547%;
- The Median Property Tax Rate is $636/$100,000 of assessed home value;
- No Estate Tax or Inheritance Tax.
