13 Low Tax States to Retire

Photo By Callahan From Shutterstock

10. Tennessee

This state is the beating heart of the country-music scene and a place for retirees to hear the sweet music of lower taxes for those with a not so substantial retirement fund.

Dividends and interest are the only forms of income that are taxable in Tennessee, and taxpayers age 65 or older with low incomes are exempt. But watch out for the 7% sales tax.

Homeowners also pay a median of $1,205 in real estate taxes.

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