37. Wisconsin
The Badger State imposes a 5 percent levy and municipalities can add up to 1.75 percent to it. According to the Tax Foundation, the average combined rate is 5.46 percent. If you’re planning to move here, note that the lowest income rate is 3.86 percent on up to $15,680 of taxable income if you’re filing jointly and up to $11,760 if you file alone.
The highest rate is 7.65 percent on more than $258,950 for single filers and more than $345,270 for married joint filers. Compared to other states, property taxes in Wisconsin are pretty high: the median property tax rate is $1,906 per $100,000 of assessed home value.
Still, there’s no estate or inheritance tax.
38. Wyoming
The last entry of our list is the Equality State. If you want to spend your golden years here, you’ll face no income tax, which means you’ll probably enjoy your retirement more. Regarding sales taxes, the state imposes a 4 percent levy, and, yes, municipalities can add a 2 percent to that, but it’s not that much.
Supposing you want to buy a home… Remember that Wyoming’s median property tax rate is $609 per $100,000 of assessed home value, with virtually no estate or inheritance tax.
You might also like:
- 11 Tax Breaks That Benefit Homeowners and Home Buyers
- 12 States Where Your Retirement Income Won’t Be Taxed
- 14 Nice-try Tax Breaks Rejected by Uncle Sam
