Texas
If living on a ranch in Texas sounds like a dream come true, you should first consider what taxes look like in the Lone Star State before you make the decision to move.
While the state won’t impose any income taxes on its residents, you do have to pay 6.25% in sales taxes while living here. Then, keep in mind that localities may also add up to 2%. The Tax Foundation found Texas to have one of the highest combined rates in the U.S., sitting in at 8.19%.
Prescription drugs and groceries are exempt, but motor vehicles and clothing items are not.
Texas also has the seventh-highest property tax in the nation at an average of $1,692 per $100,000.
The good news is, for you and your family, that you don’t have to worry about inheritance or estate taxes.
