25.Mississippi: tax-friendly
The living can be sweet in the Magnolia State for retirees.
- The State Income Tax Range is 3%(on taxable income from $3,001 to $5,000)- 5%(on taxable income over $10,000);
- The Average Combined State and Local Sales Tax Rate is 7.07%;
- The Median Property Tax Rate is $787/$100,000 of assessed home value;
- No Estate Tax or Inheritance Tax.
26.Missouri: mixed
Missouri’s state sales tax rate is very low, but local sales tax rates can be very high. In conclusion, sales tax levies in Missouri are above average.
- The State Income Tax Range is 1.5%(on taxable income of $107 or more)- 5.4%(on more than $8,584 of taxable income);
- The Average Combined State and Local Sales Tax Rate is 8.25%;
- The Median Property Tax Rate is $930/$100,000 of assessed home value;
- No Estate Tax or Inheritance Tax.
27.Montana: tax-friendly
The Treasure state is one of the five states that don’t require retirees to pay a general state sales tax.
- The State Income Tax Range is 1%(on up to $3,100 of taxable income)- 6.9%(on taxable income over $18,700);
- There is no Average Combined State and Local Sales Tax Rate;
- The Median Property Tax Rate is $831/$100,000 of assessed home value;
- There is no Estate Tax or Inheritance Tax.
28.Nebraska: not tax-friendly
Nebraska’s median property tax rate is the ninth-highest in the country.
- The State Income Tax Range is 2.46%(on up to $3,290 of taxable income for single people and $6,570 for married couples)-6.84% (on taxable income over $31,750 for single filers and $63,500 for married couples);
- The Average Combined State and Local Sales Tax Rate is 6.94%;
- The Median Property Tax Rate is $831/$100,000 of assessed home value;
- There is no Estate tax, but there is an Inheritance tax.
