29.Nevada: very tax-friendly
Nevada is the perfect place for retirement: there is no state income tax, so you can live easily and save money from your retirement plans and even your Social Security checks without worrying about a big state tax bill.
- There is no State Income Tax Range;
- The Average Combined State and Local Sales Tax Rate is 8.23%;
- The Median Property Tax Rate is $533/$100,000 of assessed home value;
- There is no Estate tax or Inheritance tax.
30.New Hampshire: not recommended
The median property tax rate in New Hampshire is the fourth-highest in the U.S.
- There is no State Income Tax Range, but there’s a 5% tax on dividends and interest in excess of $2,400 for single filers($4,800 for joint filers);
- There is no Average Combined State and Local Sales Tax Rate as well;
- The Median Property Tax Rate is $2,050 per $100,000 of assessed home value;
- No Estate Tax or Inheritance Tax.
31.New Jersey: not so tax-friendly
As a retiree, you will find New Jersey has some crushing property taxes.
- The State Income Tax Range is 1.4%(on up to $20,000 of taxable income)-10,75%(on taxable income over $1million);
- The Average Combined State and Local Sales Tax Rate is 6.6%
- The Median Property Tax Rate is $2,417/$100,000 of assessed home value;
- There is no Estate Tax, but there is an Inheritance Tax.
32.New Mexico: not tax-friendly
New Mexico’s sales tax has a broad reach, focusing more on services rather than goods. That is why it can be difficult to live here if you’re a senior.
- The State Income Tax Range is 1.7%(on up to $5,500 of taxable income for single filers and $8,000 for couples)-5,9%(on taxable income over $210,000 for single filers and over $315,000 for couples);
- The Average Combined State and Local Sales Tax Rate is 7.84%;
- The Median Property Tax Rate is $776/$100,000 of assessed home value;
- There is no Estate tax or Inheritance tax.
