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property taxes on people over 65, most of them are extremely limited and pertain only to people with limited incomes. We first attacked it from the negative angle ruling out states with factors that tend to repel retirees. Retire in Tennessee Program, no no estate or inheritance taxes. No income tax, no estate or inheritance taxes. A top notch program to protect homeowners from property tax increases. Those states include Texas (with almost 50 cities in the program Louisiana (5 towns Mississippi (15 towns West Virginia (6 areas Tennessee (19 rural and urban communities and North Carolina cheap smog coupons (13 communities). No income or estate tax.
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We developed this list of the top 10 retirement states in two ways. Many of the other states on our list are there because of the things they have done to promote retirement as an economic development strategy. Honorable Mentions, in addition to the two other states without an income tax, Alaska and Washingon, some other states are attractive for tax reasons. However if you sell your home and buy a new one the taxes will be computed on the value at the time of purchase, so the law tends to discourage people from moving. For further reading Most tax-friendly states for retirement Best States to Die In Comments? They include Connecticut, Illinois, Iowa, Kentucky, Maine, Minnesota, Nebraska, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington. Encouragements that go beyond taxes Six states have established Certified Retirement Communities to encourage retirees to settle in their states. Simply click on the categories to browse our list of retail partners; or if you already know where you want to shop, use the A-Z search below. However some, particularly in the Northeast, start taxing estates at much lower levels.
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