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Are you kidding? VA hasn't even scratched the surface with taxes. If you want to be taxed to death, go to Florida (buy a place) or to NH (buy a place) or NJ. NH may sound like a surprise, since it is touted as the land of no taxes. Well, they tax the property owners and you wouldn't believe those taxes. The state makes up for the no taxes by taxing property owners through the gills. And although FL has no state income tax nor an excise tax, what til you get a load of the property taxes there.
If you are leaving VA because you aren't happy there, that's one thing. But don't blame it on the taxes. I'm in WV for the winter, but I drive into VA to buy my gas and groceries.
Well the taxes may not be great by some state standards but still they are high and for what you get in return I`m not impressed-Lived here all my life
and need a change of scenery.
I would rather pay income taxes on my retirement pay than get clobbered on high property taxes. States like Texas, Florida and Michigan really take it out of your hide. And for states like New Jersey, the only people who can retire there must be millionaires or on the generous welfare program. They nail you coming and going. Property taxes can force you out of your home in no time if values go up. So many retirees only look at income taxes for each state. Wrong. You must look at the total package.
Exactly Kingsnkali. Property taxes in Virginia aren't bad at all and overall, Virginia is in the middle tax-wise compared to all the other states. Virginia is a really nice state overall.
I live in California and our property taxes are low because of Prop 13, but all the other taxes are very high. We are retiring to KY and the taxes are slightly less than in VA but overall cost of living is less mainly because of housing.
Well the taxes may not be great by some state standards but still they are high and for what you get in return I`m not impressed-Lived here all my life
and need a change of scenery.
Hope you find a place you like better. If you haven't decided where to go, there are some comprehensive tax comparisons in archives for this forum. Delaware is pretty nice, and the taxes are low there.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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Quote:
Originally Posted by Kingsnkali
I would rather pay income taxes on my retirement pay than get clobbered on high property taxes. States like Texas, Florida and Michigan really take it out of your hide....Property taxes can force you out of your home in no time if values go up. ...
I'll add WA to the 'Tax-you out-of your home" too much property tax states, ~ $30/day or $12,000 / yr for my place that cost me $140k to build 12 yrs ago, now assessed at ~ $850k. And, NO... I couldn't sell it for that much (market conditions / assessor needs a 'reality pill'...) and take my $ to WY (a friendly retiree state, but few 'banana belts')
Need a retirement spot with low valuations / low mill levy / reasonable energy /accessible staple commodities + quality of life... a stiff menu for us 'picky' early retirees, but I'm also looking at the long term implications of US economy and medical benefits (Laid off 6 wks prior to retirement eligibility... after 32 yrs service... ...)
Are you kidding? VA hasn't even scratched the surface with taxes. If you want to be taxed to death, go to Florida (buy a place) or to NH (buy a place) or NJ. NH may sound like a surprise, since it is touted as the land of no taxes. Well, they tax the property owners and you wouldn't believe those taxes. The state makes up for the no taxes by taxing property owners through the gills. And although FL has no state income tax nor an excise tax, what til you get a load of the property taxes there.
If you are leaving VA because you aren't happy there, that's one thing. But don't blame it on the taxes. I'm in WV for the winter, but I drive into VA to buy my gas and groceries.
In smaller towns in NH you can easily find a house that has property taxes in the $3500 range or less. It really does depend on the town. The expensive areas of the state in terms of property taxes are generally found in the Seacoast region as well as the southern Merrimack Valley near the Boston commuter zone.
Wife and I have lived here all our lives are retired now and we just want a change.Have thought of many states
South Dakota
Idaho
Wyoming
Montanta
Oregon
Washington State
Oklahoma
Tenn
Texas
I need to visit each one first for a while but that could get expensive on our
retirement pay.
Midical healthcare is a big factor since I`m a heart paticiant and my wife
has too see a pain managment Dr. so that means we may have to be near
a larger city for care.
We have good med care here in Va and it is a nice state but I guess I`m restless in my golden years and would like a change..
You really need to look at the Louisville, Kentucky area- they have excellent health care, one of the cheaper cost of living rates in the U.S. - it is a clean and beautiful state with lovely people....lots of neat things to explore and do - whatever your interests.
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) and take my $ to WY (a friendly retiree state, but few 'banana belts')
...)
