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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)


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Noble's Pond

Noble's Pond

Dover, Delaware

Delaware 55+ Community Situated on 293 acres with wooded areas and natural habitats Low Tax Living - Delaware taxes for retirees are ranked #1 in the NE
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DE


Compass Premier Realty Ambergris Caye

Compass Premier Realty Ambergris Caye

San Pedro, Belize

Excellent retiree program - buyers are eligible for tax benefits, including exemptions on retirement income. Ambergris Caye is the number 1 tourist and retirement destination in Belize and one of the top retirement destinations in all of the Caribbean and Central America . We have seen a constant increase in tourism to the country.
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BLZ


Solivita — Taylor Morrison

Solivita — Taylor Morrison

Kissimmee, Florida

At Solivita, every part of our 4,300 acres, 150,000-square-feet of amazing amenities and fifteen distinctive home designs was imagined and executed solely with you in mind. Boasting over 150,000-square-feet of amenities within this award-winning 55+ community, Solivita in Florida is the perfect place to call home.
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FL


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


Flowers Plantation

Flowers Plantation

Clayton, North Carolina

This award-winning community in Johnston County is located minutes from Raleigh, but still very much away from the urban bustle. Flowers Plantation now features more than 40 unique neighborhood developments, over 10 miles of walking trails, 50 acres of lakes and two elementary schools.
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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


Hampton Hall Club

Hampton Hall Club

Bluffton,

Imagine for a minute you're visiting the private club community of Hampton Hall in Bluffton, SC. You've gotten over the awe of the dramatic and picturesque Lowcountry landscape, and you're starting to take in your surroundings. For while everything here is beautiful to look at and expertly maintained and cared for, the key component is fun and enjoyment.
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SC


Southern Springs by Del Webb

Southern Springs by Del Webb

Spring Hill, Tennessee

55+ Community Near Nashville TN is Southern Springs by Del Webb this Active Adult just South of Nashville is full of amenities and outdoor and indoor fun!
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TN


Palmetto Creek of the Carolinas - North Carolina Gated Communities

Palmetto Creek of the Carolinas - North Carolina Gated Communities

Bolivia, North Carolina

Imagine the serenity of a completely nature front community lined with palmetto palms and walking trails created for long walks and naturalist activities. Located just minutes from Southeast North Carolina's beautiful beaches, Palmetto Creek offers nature and wildlife beauty up close
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NC


The Peninsula on the Indian River Bay - Delaware Gated Communities

The Peninsula on the Indian River Bay - Delaware Gated Communities

Millsboro, Delaware

The Peninsula on the Indian River Bay offers an exquisite collection of homes in vintage coastal architecture. With a Jack Nicklaus Signature Golf Course, unmatched amenities and instant access to Delaware's famous Atlantic beaches, there is simply no place like The Peninsula on the Indian River Bay.
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DE


Logan Homes - Home Builders in Premier North Carolina Communities

Logan Homes - Home Builders in Premier North Carolina Communities

Leland, North Carolina

Logan Homes offers 80+ beautiful home plans, tons of choices, quality craftsmanship, energy efficiency and the innovation that will enhance your lifestyle - all for a very smart price.
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NC


Red Ledges Utah

Red Ledges Utah

Heber City, Utah

Red Ledges is a 2,000 acre, four-season community only minutes from Park City, UT, offering the ideal balance of convenience, privacy and luxury along with a lifestyle to engage the whole family.
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UT


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


Palmer Ranch — Sarasota Lifestyle Communities

Palmer Ranch — Sarasota Lifestyle Communities

Lakewood Ranch, Florida

Endless recreational activities, country club living, tree-lined streets and the nation's top-ranked beach, Siesta Key, makes Palmer Ranch a popular and enriching retirement destination rivaling any area one is considering a move to.
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FL


Rumbling Bald on Lake Lure

Rumbling Bald on Lake Lure

Lake Lure, North Carolina

Welcome to Rumbling Bald, Lake Lure's idyllic retreat for outdoor exploration and relaxation. Our home here in the mountains is built for tranquility and adventure for every age. The natural gifts surrounding us are our greatest asset, offering a canvas to create memories, unwind, and reconnect.
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NC


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


Vista at Blacksmith Run

Vista at Blacksmith Run

Hendersonville, North Carolina

Nestled between Historic Hendersonville and Lake Lure's picturesque coves is Vista at Blacksmith Run-an exclusive Western North Carolina mountain property designed for residential development. Blacksmith Run's secluded mountain lifestyle and four season climate turns an ordinary day into an unforgettable experience. With convenient access to all of Western North Carolina's treasures, this quiet mountain gated community was developed for those who appreciate the best that life has to offer.
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NC


Bella Vista - Arkansas Private Community

Bella Vista - Arkansas Private Community

Bella Vista, Arkansas

Bella Vista is a private 36,000-acre, Member-based recreational community in Northwest Arkansas offering seven golf courses, seven stocked private lakes, swimming pools, tennis courts, trails, parks, pavilions, recreation centers, a gun range, an RV Park and many other amenities. Bella Vista was recently ranked one of America's Top 10 Best Healthy Places to Retire by U.S. News & World Report and one of the Top 25 best places for affordable homes by CNNMoney.com and Money Magazine.
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AR


Carolina Colours

Carolina Colours

New Bern, North Carolina

Carolina Colours brings to life the very best of small Carolina towns-past, present and future. A mere 30 minutes from the Atlantic Ocean, the waters of the Trent and Neuse Rivers converge to surround the vibrant waterfront town of New Bern, NC. Community amenities include the 25+-acre Carolina Lake, a Harris Teeter grocery, parks, trails and sidewalks, an Activity Campus with golf, fitness, tennis, swimming, pickleball and-for those quiet moments-rocking chairs
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NC


Jasper Highlands - Tennessee Gated Communities

Jasper Highlands - Tennessee Gated Communities

Kimball, Tennessee

Welcome to Jasper Highlands, a unique residential mountain community, nestled along the bluffs of Jasper Mountain in Tennessee. This remarkable piece of residential real estate is positioned above the clouds with majestic views of Lake Nickajack and the Tennessee River Valley, with property taxes starting at $162.10 a year!.
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TN


Cresswind Peachtree City

Cresswind Peachtree City

Peachtree City, Georgia

At Cresswind Peachtree City, residents enjoy a long list of amenities specifically designed for those 55 and over. Located among 400 wooded acres with rolling hills and winding trails, Cresswind Peachtree City offers a haven for active living in an ideal location near Atlanta, Georgia. With a focus on fitness, nutrition and relationships, Cresswind Peachtree City is designed to help residents live better, longer. Cresswind Peachtree City features a brand-new 17,000-square-foot community clubhouse, offering a fitness center, indoor and outdoor swimming pools, tennis, arts & crafts room, and more.
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GA


Port Ludlow

Port Ludlow

Port Ludlow, Washington

Port Ludlow is a resort-style community located on the shores of the Puget Sound, just a 30-minute ferry ride away from Seattle, Washington. Port Ludlow is close enough to the city, but far enough to enjoy an active and tranquil lifestyle. With views of the Olympic Mountains, a bustling social life, waterfront inn, and myriad of recreational amenities, the community has regularly been ranked as one of the top ten neighborhoods in the U.S.
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WA


Lake Tansi Village Resort

Lake Tansi Village Resort

Crossville, Tennessee

Lake Tansi Village is home to around 4,000 residents. Lake Tansi is the largest man-made lake on the beautiful Cumberland Plateau and residents enjoy fishing, swimming, waterskiing, plus the 18-hole championship golf course that is rated in the top 10 courses in Tennessee by Golf Advisor.
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TN


Black Creek Chattanooga

Black Creek Chattanooga

Chattanooga, Tennessee

At Black Creek, we are building a community that embraces all that has been forgotten about what defines a life well-lived. Imagine access to 1000s of acres of protected land just footsteps from your door while living just 10 minutes from downtown Chattanooga, where shopping, dining, entertainment as well as top hospitals are quickly within reach.
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TN


Currahee Club

Currahee Club

Toccoa, Georgia

With 1,200 breathtaking acres, Currahee Club offers some of the finest real estate in North Georgia. The master-planned community features golf course, lake, and mountain homes on unique lots shaped by their natural surroundings. Visit us today, and enjoy the lifestyle you deserve...
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GA


Grandview at Gateway

Grandview at Gateway

Jasper, Georgia

The full focus of Grandview is to create an environment not only to promote social interaction but also encourage physical activity, mental stimulation and just plain fun. Grandview at Gateway is located in the beautiful mountains of North Georgia and the first mountain city of Jasper, GA.
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GA


WaterSong at RiverTown

WaterSong at RiverTown

St Johns,

WaterSong at RiverTown is now open! As a Florida 55+ Active Adult Community, now is the time to enjoy a carefree active lifestyle centered on fun and enjoying life. Located along the banks of the St. Johns River, WaterSong features magnificent resort-style amenities. Find your dream home today!
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FL


Babcock Ranch

Babcock Ranch

Babcock Ranch, Florida

New solar-powered town near Fort Myers in sunny Florida promotes active, healthy living with 50 miles of trails to get out and explore. Take in 9,000 acres of preserved green space, farm-to-table restaurants, community gardens, and the Healthy Life Center that align with the Babcock Ranch vision with a focus on wellness and sustainable living. Residents can choose from a mix of affordable, moderate and luxury residences that blend with the natural environment.
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FL


Palmas Del Sol - Active 55+ Resort

Palmas Del Sol - Active 55+ Resort

Mesa, Arizona

Surprise yourself with the affordable luxury at Palmas Del Sol, one of the finest Active 55+ communities in Arizona. Relax in our heated pool, join friends in our multi-million dollar clubhouse, or rejuvenate with a year-round calendar of events planned by our full-time Activities Director.
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AZ


Mount Vintage

Mount Vintage

North Augusta, South Carolina

Mount Vintage is a well-established 2,000 acre private community conveniently located just a few miles from Augusta, GA and Aiken, SC. Carefully planned to enhance the natural beauty and tranquility of this setting...it is truly one of a kind.
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SC