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ideal-LIVING
Retirement Blog

Tax Friendly States

Fall_TaxImageFind Your Ideal Living Location in The Most Tax Friendly States

Planning your retirement is an important life decision. After all, you have worked hard for it, so you want to make the most of the opportunity. Deciding on all the personal preferences you want in your retired life comes first—golf courses, fitness centers, the beach—but once that is figured out it is time to move on to the less thrilling, but equally important side of things. Money. You want to make sure you are getting the most for your dollars, so moving to a state with lower taxes or states with no retirement income tax at all is something to look into.

Benefits of Tax Friendly States

Alaska is the only state without state income tax or sales tax. As appealing as that sounds, most retirees are not looking to move to a place with true winters. Instead, they are looking to move to a place that is warmer, with less intimidating winters. Despite the attractive tax offer in Alaska, other states are becoming more tax friendly and are changing tax rates and exemptions to attract “amenity migrants.” Texas and Florida take the lead tax-wise as states with no retirement income tax at all, and Tennessee follows closely, only taxing dividend and interest income. Both Georgia and North Carolina have made significant changes to their taxes recently, angling their tax benefits to attract more retirees who want to live in tax friendly states. Most states specifically exempt Social Security and pensions from taxes, which is an attractive feature for retirees who receive a bulk of their income through those means. Below is a table offering a quick look at several most friendly tax states and how they compare to each other tax-wise.

State Income Tax Sales Tax Social Security
North Carolina 6-7.75% 4.75% Exempt
Florida None 6% Exempt
Georgia 1-6% 4% Exempt
Tennessee None (only dividends and interest) 7% Exempt
Texas None 6.25% Exempt
South Carolina 3-7% 6% Exempt
Virginia 2-5.75% (Statewide local rate of 1%) 4% Exempt
Delaware 2.2-6.75% None Exempt

Communities from Tax Friendly States Will Be at Upcoming Expo

The majority of the states listed above are warm weather states, which is a big factor in deciding where to retire. People want warm weather. But based on their income tax, these states are also favorable when it comes down to your money, and how much of it you will have in order to enjoy your new living environment. However, this is just a small sample of information on tax friendly states. At the ideal-LIVING Resort and Retirement Expo, there will be 8, tax friendly states present (NC, VA, DE, GA, SC, TN, MD, FL), ready to answer your tax questions more in depth. But it is not just tax information at the Expo. It is an in depth look the places you are considering retiring to, and the communities within. It is an experience you do not want to miss out on when seeking out where to retire!

(Source: Kiplinger.com)


Request information from these Tax-Friendly Communities

Grande Dunes

Grande Dunes

Myrtle Beach, South Carolina

This is Grande Dunes, a unique and elegant community of luxurious natural beauty featuring an ideal club lifestyle including golf, tennis, fitness, a private marina, superb dining and private beach access, with breathtaking homes designed for just such a place, all located within the heart of Myrtle Beach.
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SC


Home Towne Square

Home Towne Square

Ephrata, Pennsylvania

The 55+ community of Home Towne Square, by Landmark Homes, is situated near Ephrata, PA, about an hour from Philadelphia, in the charming Pennsylvania Dutch Country. Landmark Homes designed Home Towne Square to reflect the culture and tradition of the Dutch Country, including an Arts & Crafts homestyle.
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PA


Lakewood Ranch | Best Places to Live in Florida

Lakewood Ranch | Best Places to Live in Florida

Lakewood Ranch, Florida

At Lakewood Ranch, it's all about the good life. Health, family, and fun are the focus. And, there's an activity to fit every lifestyle. The community hosts 54 holes of golf, a country club with two clubhouses, and tennis and athletic centers. Additionally, it's home to the Sarasota Polo Club and seven world-class polo fields. Lake Ranch polo tournaments attract players from around the world. Still, the list continues with a 75-acre premier sports campus, A-rated schools, and a hospital and preventative medical clinic.
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FL


Del Webb Naples - Active Adult Florida Community

Del Webb Naples - Active Adult Florida Community

Ave Maria, Florida

Del Webb Naples is a 55+ active adult community located within the vibrant master-planned community of Ave Maria, near renowned Naples, Florida. Discover the world-class amenities, an 18-hole championship golf course, and extensive community events and social functions, providing an unparalleled lifestyle.
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FL


The Landings on Skidaway Island - Savannah's Choice for Island Living

The Landings on Skidaway Island - Savannah's Choice for Island Living

Savannah, Georgia

The Landings on Skidaway Island is a private gated community known as much for its beauty as for its personality. Located on the Intracoastal Waterway and just 12 miles from the charming and historic city of Savannah, GA, The Landings celebrated its 40th anniversary in 2012.
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GA


Nature Walk at Seven Hills

Nature Walk at Seven Hills

Dallas, Georgia

Enjoy this master planned community by Artisan Built Communities known for amenities that embrace Nature and are designed for Active Adults. Located near Marietta GA in beautiful Dallas, GA.
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GA


Wild Dunes

Wild Dunes

Charleston, South Carolina

Wild Dunes is one of the many communities we offer buyers representation in the Charleston area. The 55Plus Homes Group specializes in beach, golf, downtown and 55 plus active adult communities. From historic downtown Charleston to the Flowertown of Summerville to the beach communities such as Kiawah Island, let us help you find your ideal home today.
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SC


Fairfield Glade & Fairfield North - Tennessee Resort Communities

Fairfield Glade & Fairfield North - Tennessee Resort Communities

Fairfield Glade, Tennessee

If you are looking for spectacular mountain beauty...look no further than Fairfield Glade. This well appointed community is located high atop Tennessee's Cumberland Plateau at 2,000 feet elevation, which accounts for the near perfect seasonal changes with very comfortable summers and mild winters.
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TN


K. Hovnanian’s Four Seasons at Victory at Verrado

K. Hovnanian’s Four Seasons at Victory at Verrado

Buckeye, Arizona

Offers single-family new homes in a beautiful desert setting with a wide variety of community amenities. Enjoy 55+ Living with K Hovnanian Homes.
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AZ


Keowee Key - South Carolina Lake Community

Keowee Key - South Carolina Lake Community

Salem, South Carolina

Maintenance-free lifestyle, condos, town homes, cottages. Choose a lakefront home with private dock or use 5 community docks with 324 boat slips.. kayak rentals, and a supply store.
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SC


Riverlights

Riverlights

Wilmington, North Carolina

Enter the home of your dreams and the lifestyle you crave in RiverLights ™, Wilmington's newest waterfront community. Designed to foster a coastal, wellness-centered environment, RiverLights offers the energy of a city amid miles of tranquil beauty. Set along the naturally magnificent Cape Fear River, it's a new kind of community that celebrates family, honors nature and breathes new life into Southern heritage.
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NC


Legacy Homes by Bill Clark

Legacy Homes by Bill Clark

Wilmington, North Carolina

Legacy Homes by Bill Clark is the crown jewel in a long line of North Carolina home building history. As one of the Nation's "Top 100 Builders" for over a decade, the Legacy Homes division is a trusted partner in the Wilmington, NC region that spans four counties, and is a featured builder in many of the South's premier planned communities, such as Brunswick Forest, Bluffs on the Cape Fear, Compass Pointe, River Bluffs, Riverlights, St. James, Summerhouse, with more to come
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NC


Sunset Ridge

Sunset Ridge

Ocean Isle Beach, North Carolina

Sunset Ridge is located in Sunset Beach, North Carolina and has been one of Bill Clark Homes' longstanding flagship communities. At its completion, it will showcase just over 400 single family homes and is planned for 100 townhomes. Just 3 miles from the Sunset Beach barrier island, Sunset Ridge offers its residents the easy access to both the beach and the Intracoastal Waterway all at a very affordable price point.
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NC


Cresswind at Victoria Gardens

Cresswind at Victoria Gardens

DeLand, Florida

Discover the distinct difference in active living, nestled within the scenic beauty of historic DeLand, Florida at Cresswind at Victoria Gardens. Cresswind at Victoria Gardens is the natural choice in a master planned community, tucked away from the hustle and bustle, yet centrally located with all the amenities to enjoy, near great shopping, dining, and entertainment. DeLand is home to one of the top Main Streets in America.
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FL


Bayside

Bayside

Selbyville, Delaware

Bayside is an award-winning classic beach resort community developed by the regionally renowned Carl M. Freeman Companies. Tree-lined streets showcase a community of stunning homes - all inspired by the New England coastal towns. Our Bayside community is ideally nestled in this quiet resort town with access to all that it has to offer. As one of Delaware's finest coastal destinations, Fenwick Island is beautifully serene but with plenty to do. Once you're here, you might notice your cares melting away as the beaches of Fenwick Island call your name.
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DE


Tellico Village - Tennessee Retirement Communities

Tellico Village - Tennessee Retirement Communities

Loudon, Tennessee

Tellico Village is a lakeshore community in east Tennessee that offers a unique combination of natural beauty, mild four-season climate, outstanding recreational facilities and close proximity to Knoxville and the Smoky Mountains.
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TN


Las Vegas Meadows - Active 55+ Resort

Las Vegas Meadows - Active 55+ Resort

Las Vegas, Nevada

Step into this 42 acre, guard-gated resort and see our selection of newly remodeled homes for sale and for rent. An affordable 55 plus community, we offer home rentals and sales.
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NV


Del Webb Bexley

Del Webb Bexley

Land O Lakes, Florida

Del Webb Bexley is a 55 Plus Active Adult community near Tampa in Land O Lakes FL. Love life to the fullest in this gated, master-planned community. Enjoy the coastal life of Florida.
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FL


Stonecroft Village

Stonecroft Village

Womelsdorf, Pennsylvania

The 55+ community of Stonecroft Village, set in the beautiful Tulpehocken Creek Valley of Berks County, PA, was designed with relaxation, natural beauty, and recreation in mind, to be enjoyed alongside neighbors 55 and over at a similar stage in life.
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PA


Colleton River Club

Colleton River Club

Bluffton, South Carolina

Lowcountry luxury lies at the base of Hilton Head's bridge at Colleton River. This peninsula community delivers on its promise of world-class golf, pristine natural surroundings, and an unparalleled water experience. With nature as the centerpiece, Colleton River's 1,500 acres epitomize Lowcountry serenity, with Spanish moss draped Live oaks and palmetto trees lining roadways. Trails wind through a blend of beautiful homes, natural terrain and 7 miles of expansive water and marsh views. The peninsula is also anchored by adjoining Victoria Bluff, an 1,100-acre nature preserve
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SC


Waterways - Best Places to Live in Georgia

Waterways - Best Places to Live in Georgia

Richmond Hill, Georgia

Waterways is a 2,300-acre master-planned community located just 30 minutes from historic Savannah, Georgia, in charming Richmond Hill. Surrounded by a 1,600 acre nature preserve, this is a place where six-and-a-half miles of marsh frontage, over four miles of winding lagoons, and more than a thousand acres of ancient oak hammocks embrace our new homes and homesites.
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GA


Losantos Tulum Gated Community

Losantos Tulum Gated Community

Tulum, Quintana Roo, Mexico

Losantos Tulum is a new upscale and active community located in Tulum, Mexico. Enjoy gated security 24 hours and amazing amenities from the clubhouse to our spa.
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MEX


Latitude Margaritaville Daytona

Latitude Margaritaville Daytona

Daytona Beach, Florida

You've earned a life where every day feels like an escape. Find your paradise at Latitude Margaritaville, the 55-and-better community where fun and relaxation meet. Located in the heart of world-famous Daytona Beach, Florida - Latitude Margaritaville is a place where life rolls easy, neighbors are friends, and the party never ends. Inspired by the legendary music and lifestyle of singer, songwriter and best-selling author Jimmy Buffett, your new home in paradise features exciting recreation, FINtastic dining and live entertainment.
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FL


Landfall - North Carolina Premier Gated Communities

Landfall - North Carolina Premier Gated Communities

Wilmington, North Carolina

Located within Wilmington, Landfall is North Carolina's most diverse and historically interesting coastal community. A distinctive property of over 2,000 acres with lakes, ponds and four miles fronting on the Intracoastal Waterway and Howe's Creek, Landfall is only five minutes from Wrightsville Beach and the Atlantic Ocean.
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NC


Lucero Golf & Country Club

Lucero Golf & Country Club

Chiriqui, Panama

Also known as a Paradise in the Sky, Lucero is the perfect property to retire and to find a second home. You can choose from our Duplex Villas, our Townhome, our a condo, each of them will be designed by paying attention to detail and according to your preferences. With us you will find a place to disconnect from the world and get lost in nature.
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PAN


The Lakes at Harmony

The Lakes at Harmony

Harmony, Florida

This gated community, with a golf clubhouse, exclusive Members Retreat and a resort-style pool with a spacious deck and Sunset Gazebo, sits on 11,000 acres. With two lakes and 12.5 miles of walking and bicycling trails, Harmony boasts a serenity matched only by its outstanding proximity to everything you could ever want.
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FL


K. Hovnanian's  Four Seasons at Parkland

K. Hovnanian's Four Seasons at Parkland

Parkland, Florida

K. Hovnanian's ® Four Seasons at Los Banos is an intimate gated community for those 55 and better. Homeowners here enjoy a private clubhouse with a billiards room, fitness center, library, pool, tennis courts and more! Clubs and activities provide something to do for every taste. And with just under 100 homesites, residents here enjoy knowing their neighbors and creating a true sense of community.
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FL


Traditions of America at West Brandywine

Traditions of America at West Brandywine

Dowingtown, Pennsylvania

Traditions of America - developers of the most sought-after retirement communities in the Lehigh Valley and Lancaster area - is excited to bring the 55 Plus Live Better lifestyle to northern Chester County, one of the most sought-after locations in the suburbs of Philadelphia.
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PA


Shell Point Retirement Community

Shell Point Retirement Community

Fort Myers, Florida

Shell Point® is an award-winning lifecare retirement resort located along the Caloosahatchee River in Fort Myers, Florida just minutes from Sanibel Island and the Gulf of Mexico. When you retire at Shell Point, you have the comfort of knowing that your needs will be taken care of - both now and in the years to come.
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FL


Hot Springs Village - Arkansas Communities

Hot Springs Village - Arkansas Communities

Hot Springs Village, Arkansas

Experience the natural beauty of Arkansas in Hot Springs Village, spread across 26,000 acres of the Ouachita Mountains with breathtaking vistas, sparkling lakes and lush forest.
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AR


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