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Curious About Big Taxes? Here’s How 8 States Tax Retirees

June 20, 2022 · Retirement Life
taxes
Photo by kschoenleber77 From Envato Elements

3. Delaware

We talked a lot about Delaware in the past, and now we know why. Because this state is basically one of the most affordable places to live in America. Here you don’t have to worry about sales taxes, property taxes, or, one of the most important things, no death taxes. Because let’s be honest, we all know it can be expensive!

If you decide to move here, you will see the changes that start to happen in your wallet and bank accounts. The average annual property tax rate in Delaware is the sixth-lowest rate in the nation ($568 per $100,000 a home). Imagine spending money on traveling or buying some nice presents for your grandkids. That would be a win-win situation for everybody.

What do you think about Delaware?

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59 comments on “Curious About Big Taxes? Here’s How 8 States Tax Retirees”

  1. Jeff says:
    December 10, 2022 at 5:41 am

    You need to swap out Alabama for Virginia. Virginia taxes literally everything ata a high rate. I pay almost much personal property tax for my 4 year old truck as I do for my house.

    Reply
  2. James R. says:
    May 15, 2024 at 3:02 pm

    What about Texas? Sure, property taxes are a little high; however, if you are a 100% disabled vet you pay 0 property tax on your primary residence. There is no state income tax, they don’t tax military retired pay or your vehicle when you register it every year like some states. TX is also one of the most veteran-friendly states with many discounts for vets. Also some of the best laws for gun owners.

    James

    Reply
  3. Ken krauer says:
    May 15, 2024 at 11:53 pm

    THE U.S. GOVERMENT TAXES NEARLY ALL OF MY SOCIAL SECURITY AND THAT IS A CRIME AND A SHME! ITSBLOODMONEY. HOW DARE THEY!! I HATE PAYING TAXES ON SOCIAL SECURITY!!!

    Reply
  4. Vincent Perrelli says:
    May 17, 2024 at 5:52 pm

    I find Delaware FAR more affordable than Connecticut.

    Reply
  5. Gibson Janice says:
    June 17, 2024 at 1:21 am

    I wish we didn’t have to pay property tax after 65 in Alabama. We are 82 and yes we are paying property tax. It’s not near as high as most states but it’s misinformation that we don’t pay property tax after 65.

    Reply
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