Story Location:
1504 Savannah Road
Lewes, DE 19958
United States
It’s been no secret that Delaware is one of the most tax friendly states for retirees. In an recent article on Yahoo Finance, Delaware Tops Kiplinger’s Most tax-Friendly State List! Kiplinger’s Sandra Blocklists the top 10 most tax-friendly states in the U.S. and I am proud to say, “It’s no “small wonder,” Delaware remains #1 most tax-friendly state!
1. Delaware
State income tax: 2.2%-6.6%
State sales tax: None
Gas taxes and fees: $0.23 per gallon (National average is $0.31)
The First State is first on our list. Known for its tax-friendly treatment of corporations, Delaware imposes no sales tax on consumers. Its income tax rates cap out at 6.6% on taxable income above $60,000.
Delaware also has some of the lowest property tax rates in the U.S., according to the Tax Foundation. The median property tax on the state's median home value of $249,400 is $1,078, low compared to other states.
Excise taxes on beer and wine are also modest: 16 cents per gallon for beer and 97 cents for a gallon of wine.
2. Wyoming
3. Louisiana
4. Mississippi
5. Alabama
6. Arizona
7. Nevada
8. New Mexico
9. South Carolina
10. West Virginia
To read other state’s tax details, CLICK HERE or COPY and PASTE the following link into your browser. http://blog.activeadultsdelaware.com/2014/09/26/delaware-tops-kiplingers-tax-friendly-state-list/
Considering retiring to Delaware? Let us help.
Sign up for our FREE Publications, order your FREE Buyers Guide and our 55+ Home Buyers Checklist. If you’re ready to be a LOCAL NOW, call 302-424-1890 today or email us. Let’s get started on your move to Delaware today!
We focus on our clients - the 65,000 Baby Boomers, or at least the ones that would like to live in Delaware or already do. We Specialize In Buyer Representation of New Homes and Resale Homes in Delaware.
✔Active Adult Communities
✔Waterfront Communities
✔Golf Communities
✔In-town and Historic Districts
For more information regarding this property or any other properties in Delaware, visit www.activeadultsrealty.com or contact Active Adults Realty at 302-424-1890, or via email to
Broker@ActiveAdultsRealty.com
