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

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

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.

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

  1. Ukkundo'Oohwaka NLN says:
    April 5, 2025 at 11:29 am

    Any American drawing Social Security, Military Retirement, Post Office Retirement, etc… have lived in this country and turns (80) eighty should not pay no sales, property, state, city, gasoline, or any other taxes. NO TAXES AFTER (80) EIGHTY.

    Reply
  2. Char says:
    March 24, 2025 at 5:30 pm

    Hmmmm, all blue states….

    Reply
  3. R M says:
    February 11, 2025 at 12:06 am

    Posts seem to disappear on here. Not worth writing them if they disappear.

    Reply
  4. R M says:
    February 10, 2025 at 9:09 pm

    This site is a waste of time. The censors cut out perfectly legitimate comments!

    Reply
  5. Maggie says:
    January 26, 2025 at 5:36 pm

    NEW HAMPSHIRE! No sales tax so the property owners support the state. Stay away!

    Reply
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