1. Florida: tax-friendly
The Sunshine State is also known as the Retirement State.
- The Local State Tax is estimated at a little bit over 7%;
- No State Tax On Social Security;
- No Income Tax Rate;
- No Estate Tax.
2. Alabama: tax-friendly
There are more reasons to move to the Yellowhammer State than just football!
- The State Income Tax Range is 2%(up to$1,000 of taxable income for married joint filers and up to %500 for all others);
- Median Property Tax Rate is $395 per $100,000 of assessed home value;
- No tax on estate or inheritance.
3. Alaska: mixed-feelings
Alaska might not have any state or sales tax, but it is difficult to live in this state as a retiree.
- It has no State Income Tax Range;
- The average Combined State and Local Sales Tax Rate is 1.76%;
- The Median Property Tax Rate is $1,182/ $100,000 of assessed home value
- No tax on estate or inheritance
4. Arizona: very tax-friendly
The state of Grand Canyon discharges Social Security benefits from state income taxes, and military retirement income is tax-free.
- The State Income Tax Range is 2.59% ($54,544 of taxable income for married people and $27,272 for single people) – 4.5% (taxable income over $327,263 for married people)
- The Average Combined State and Local Sales Tax Rate is about 8.4%;
- There is a Median Property Tax Rate is $617/$100,000 of assessed home value
- No Estate Tax or Inheritance Tax.