1. Colorado
If you like the idea of living in the mountains, then you should think about Colorado. Regarding taxes, Colorado is actually a state that is tax-friendly, and the state income tax range is flat at 4.55%. People who are over 55, or even older, get a good retirement-income exclusion from state taxes, and it gets even better when they reach the age of 65.
When it comes to property taxes, Colorado has the lowest median tax rates in the whole country. And if you are a senior, there are more benefits for you. You can actually qualify for an exemption of up to 50% of the first $200,000 property value. Check out what other tax breaks are available for your age.
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.
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
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!!!
I find Delaware FAR more affordable than Connecticut.
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.