44.Texas- not recommended
Texas has the seventh-highest median property tax rate in the country.
- The Average Combined State and Local Sales Tax Rate is 8.19%;
- The Median Property Tax Rate is $1,692 per $100,000 of assessed home value;
- No Estate Tax or Inheritance Tax.
45.Utah- mixed feelings
Utah is neither hot, nor cold when it comes to taxes. On one side, Utah is one of the states that obliges seniors to pay their taxes on their Social Security benefits. On the other side, its median property tax rate in Utah is tied for the 10th-lowest in the country.
- The State Income Tax Range is 4.95%;
- The Average Combined State and Local Sales Tax Rate is 7.19%;
- The Median Property Tax Rate is $575 per $100,000 of assessed home value;
- There is no Estate Tax, neither Inheritance Tax.
46.Vermont- least tax-friendly
The Green Mountain State has a sharp top income tax rate, and most retirement income is taxed.
- The State Income Tax Range is 3.35%(on up to $40,350 of taxable income for individual filers and up to $67,450 for couples)- 8,75%(on taxable income over for $204,000 for singles and up to $248,350 for joint filers);
- The Average Combined State and Local Sales Tax Rate is 6.24%;
- The Median Property Tax Rate is $1,861 per $100,000 of assessed home value;
- There is an Estate Tax, but no Inheritance Tax.
47.Virginia- tax-friendly
Retirees will definitely feel good in the state of Virginia, thanks to the friendly overall tax environment.
- The State Income Tax Range is 2%(on up to $3,000 of taxable income)- 5.75%(on taxable income over $17,000);
- The Average Combined State and Local Sales Tax Rate is 5.75%;
- The Median Property Tax Rate is $804 per $100,000 of assessed home value;
- There’s no Estate Tax, neither Inheritance Tax.
