States With NO Property Tax For Retirees
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- Опубликовано: 4 фев 2025
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ABOLISH PROPERTY TAXES!!! YOU OWN YOUR PROPERTY YOU DONT RENT IT. YOU SHOULD NOT HAVE TO KEEP PAYING FOR SOMETHING THAT YOU OWN.
I hear ya. But unfortunately every city needs tax revenue for infrastructure, schools, etc. I just feel like there’s so much misappropriation of taxpayers dollars and it doesn’t go to the right places. Plus corruption amongst politicians and city officials. I just wish our taxes weren’t so high especially for those of us on a fixed income and retirees.
@@lifeofreilly4493 They don't need squat. They waste your money anyway.
By trying to justify the need you legitimize that which should be illegitimate. You are like the robber who says you need to make a donation to my 'charity' because I need the money.
The government steals because people falsely claim they 'need to'. Make parents pay for their own kids schooling. Stop this anti property ownership Communist nonsense!!!
Washington State. Lived here all my life. I went to Vietnam and, in combat, was wounded. As a permanent and totally disabled veteran, I applied for a tax reduction. They said no and raised my property taxes. They forgot one thing, I vote.
Would never move to CA. WA or OR. Now MT, ID and WY..... My kind of peeps. And SD. With a hottie Harley riding Gov, what could be bad?
One thing to realize is that, at least in Alabama, while you don't pay STATE property tax when any of the legal owners of a primary residence turns 65, it doesn't happen automatically. They don't know how old you are. When I turned 65, I had to go down to the county tax office, show them my driver's license and they filled out some form which exempted me from paying the state portion of my property tax in future years. In my case it was about 10% of the total tax bill. Not overwhelming savings, but worth doing. You only have to do that once, not every year.
Very good to know
@@JoshScandlen 10% is alot???
@@Timanator No it's not. Our property taxes are $500.00 per month. This 10% off would only lower it to $450.00 per month.
50$x12 months =600$ a year, I would walk by 600$ on the ground.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
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Boerne Texas here. Texans are getting clobbered by property tax.
You have no state taxes. We have both in CA.
@@goducgo CA DMV fees and Mello Roos are brutal.
it is outrageous in Texas
And home insurance
Thank you for sharing this important retirement planning information. We’re planning on moving from Texas to Alabama. Lauderdale County offers seniors with an AGI under $12k full exemptions from property taxes.
The state may have low property tax, but in Louisiana, the parish assessor determines your property tax. I lost my Louisiana home when the parish raised my property taxes 1,000%. This was a few years before I turned 65 so any senior protections did not apply. Now I'm a 68 yr. old vet who lives in a 25yr old RV on government land. The good news is that I now pay no property taxes because I own no property. Remember the WEF's promise, "You will own nothing and be happy." At least they got 1/2 of it right.
In Georgia, the income level is so low that barely anybody qualifies. The people who do qualify live in a shack.
You can file homestead exemption again at I think it is 65 and it will go down a lot, 3 times. Ours would be about 3k+ this year, after 2nd tier went to 659 and we have one more when my husband turns 70 this year. We don't live in a shack, and they did not ask our income, LOL
There should be an exception put in place for those who either have no kids, or have kids that are either home schooled or go to private.
Florida is misleading on the list. Every homeowner gets 50,000 homestead exemption on primary residence.
To qualify for extra reduction, you must be 65 and have lived 25 years in your home valued at less than 250k and have an income less than 32,000 AGI.
Thanks, did not know that !
EXACTLY RIGHT!
These days how many homes are valued at less than 250k. The median home price is 402K
Is any house valued at less than 250K in Florida. If so, it must be tiny and out there.
@@johnnyadams1755 Not all true. I only get 25,000.00 initial credit. Not 50,000.00
South Carolina has a lower property tax for homestead, yes. But they kill you with a 7% income tax on anything besides Social Security. So any distribution from your IRA is taxed 7%.
Also in Arkansas, when you turn 65 you can lock in property tax amount on your primary residence, and it will never increase as long as you own the home.
what happens when you sell?
@@JoshScandlen the new owner will start paying the current rate , if you buy anther home, you start with the current rate for that home and that rate is locked in. enjoy your channel !! You have your viewers best interest at heart and it comes thru on the videos. Thanks!!
Also, they are on a trajectory here in AR to eliminate state income tax, it just got lowered and will eventually phase out,
Florida has risen significantly along with home insurance. It is now the highest state for homeowners insurance and is rising for health insurance as well.
Obviously highest for hone insurance
The cheat code is building your own home Hurricane Proof and just not insuring the home itself (still need liability insurance)
@@priestesslucy - I get building it hurricane proof but not tracking the insurance part?
Funny...I did the simple math on this a few weeks ago and realized the property taxes would be a bigger hit than most income taxes (Looking at YOU Texas).
Look at Illinois too!
I moved from new jersey to wyoming. What I save in taxes and state bullshit would pay a mortgage out here. You don't realize how bad you're getting screwed until you leave.
The weather is enough to kill you
I Love Wyoming. Takes strong people to love it there. All states have neat people but Wyoming has a slightly higher %. My MD insisted I move to a lower elevation. Now live in Idaho at 3500 feet which is a bit more than 3000 feet lower than where I lived in Wyoming.
@@theodoremoore2549 The altitude is a bigger problem than most people realize. I live at 6570 feet. And it's getting old but the people are great and the state is fantastic. I am now looking at moving to ocean springs mississippi.
I lived at 6750 feet in Rawlins. Worked in Sinclair as an operator.@@BWowed
If you lived in Hanna, I built the Rec Center. @@BWowed
I'm 55 and live in MD and will be selling my house for one in WV in the next year. MD is a train wreck.
I moved from no income tax HIGH property tax Washington
TO no tax on social security & pension, LOW property tax Alabama
ZERO regrets.
Property tax now is a quarter of what it was in WA.
It will be even lower when I turn 65.
Enjoy the high humidity and crappy weather
I live in King County, in the People's Republic of Washingtonistan, and over 10% of my GROSS income goes to property taxes. And the ultimate insult is that they charge a fee to accept your payment. Seriously? And what do I get for my taxes? Homeless encampments, crime, CHOP/CHAZ, etc. Sales tax is approaching 10%, too.
@@evanwindom3265 not to mention the hard-core demonic liberals that control the city
I live in Washington, too. Physically "beyond beautiful" state! Utterly horrible governance! Since we started mail in ballots, we have never had a Republican governor.
Josh,
Thx for the info and definitely needed as we are moving from Vermont due to the highest property tax rates in the country.
We live in Brattleboro, VT and are currently paying 3.4% and the town select board is approving a 22% increase raising our property tax on a house assessed at $367,000 from currently $12,000 a year to $14,640 a year.
Taxes that can destroy the Dream and slaves with zero ability to escape the system that has zero intentions to ballance their budget
Indiana offers a Veterans exemption based on your % of rated disability from the VA. A gracious benefit for the Veterans!
Property taxes pay for schools, parks, etc.. As a results states like AL, LA, MS, AK have the worst education (and healthcare) in the US though retirees might not care.
What do taxes have to do with healthcare in the USA?
@@TS-rd7oy State that don't collect property tax don't fund their school and typically have bad healthcare. Failure aligns.
Here in Maine our only tax on our home is to the town. No separate county or school taxes. After 65 your homes property tax can not increase as long as you remember to register each year with your municipality. There is a modest 25k homestead exemption. Real estate prices and appraisals are a bit nuts near the coast but modest inland.
Yea, on florida, there is property tax on seniors! There is an exemption simular to homestead for seniors of 25k less house value. (In some towns)
In Coffee county Tenn, you can freeze your property tax after becoming 65, (if you make under 30k a year (I think)) If you have over 15 acres, you can get into a green belt discount...
Couldn’t agree more-property taxes here in Dayton OHIO are unsustainable and for certain driving us out.
In Florida, only if you have lived in the same house for 25 years.
If you move, you lose that exemption. Which forces seniors to stay in larger homes that may be hard for them to maintain.
If they wish to downsize,they are penalized.
And if you spend your life backpacking, you pay zero property taxes.
Here in Connecticut, we pay more property tax on our cars than these states charge for a house!
The only thing to do is to have a car more than 20 years old, they're valued at $100, even if they're a Ferrari.
I can’t wait to retire and get out of Connecticut if you go to the DRS tax page and see under law update 2022 they gave any peace officer the right to look at and inspect your state income tax forms .
I am 80+, live in Florida and still pay property tax.
We all do, I do not know what he is talking about!
He’s talking about Alabama not Florida
Thats county not state
It really makes me ill when I pay our property taxes in South Jersey. Born here 64+years ago and this carpetbagger gov says “if you don’t like the taxes in NJ then it’s not the place for us”!😤 Praying that our daughter can beat this horrid cancer so we can move to TN in a few years 🙏🏻
moved out of NJ to PA 20 years ago cut my taxes in half. Dont miss it one bit!
Just sent a quick prayer your way... blessings to your daughter!
@@JoshScandlen thank you! Prayers are greatly needed and appreciated
Prayers for daughter 🙏
@@JK-ld8cdThinking about PA but heard they may be going up a lot.
It would be interesting to also look at other taxes and fees that low property tax states impose to make up the funding vs high property tax states.. I suppose you could be in a low property tax area and have a high sales tax and maybe one that also taxes food and not just soft and hard goods. Depending how much consumption you do that could make a difference .
I live in WV and my property tax is low. There is no infrastructure. I can't wait to leave.
Do you mean good roads, etc?
Good info. FYI. Montgomery county in MD has doubled the county property tax as of 1/25
I live in middle Georgia and my property taxes keep increasing.
WA military exemption is for 80% or higher VA disability and limited income, my county is 41k. My current prop tax is 5.5k and income tax is 4.5k.
Falls Church, VA is a city, surrounded by Arlington and Fairfax counties, both have high taxes as well.
VA also socks it to ya with a Personal Property Tax. I just sent them $600 because I own a car !
Hello Josh"""in New Jersey ...there is 2 programs ... to lower NJ property Tax
Senior freeze ( property Tax Reimbursement ) once you turn 65 years of age...
than there is NJ Divison of Taxations Anchor program.. that was implement by Governor Phil
Murphy the past year... where NJ home owns received $1500.00 this year...My Mom who is in
her 90's took advantage of both programs ... who is on a fix income"" Her property tax in Bergen county is 6700.00 .. but only pays $880.00 in property tax the past year...its not all
Gloom and Doom living in the garden state....
Yeah it is. Left that S Hole 15 years ago and never looked back. Crooked state run by crooks.
Senior 62 or older, do not file state income tax if pension is less than $100,000 not included social security check.
Fellow Texans please vote yes this November election for proposition 1 to eliminate any and all property taxes.
Florida has no property taxes if you are over 65 and meet certain stipulations, but it’s not property tax free if you are over 65. I would think that most don’t meet the requirements.
yeah tht was a weird article actually. But stil fun to examine
Can you clarify? What are the stipulations? Also your statement is a bit confusing since you say 2 different things. Stipulations to meet if over 65 and then you say not free if you are over 65.
Your statement is confusing and contradicts itself.
@@TS-rd7oy it doesn’t contradict itself. But it’s been a year and can’t remember what I was referencing when I posted it.
Ohio property tax sqks thanks to deswine, mine went up 40%.im going to make the delinquent list .
I retired to downstate Illinois from Ohio. I looked at housing cost around the Midwest mainly towns I might want to live and found that for a comparable house in downstate Illinois I was looking to paying a good $100,000 less than in other Midwest states more and I wouldn't want to live anywhere outside the Midwest. So even thought property tax was lower elsewhere per assess value it was just as expensive. I do take the homeowners and senior exemption. I plan on talking to a lawyer about taking the senior property tax freeze. I want to make sure I know what I'm signing up for. The license plate tag for over 65 is $10.00 a year and Illinois is one of the 24 or 25 states that doesn't have a property tax on your car. And if I need a bus where I live it's free. I looked at what I spend money on and to my surprise Illinois works for me. Also Illinois doesn't tax any retirement income. Key things here is know what you spend money on and in Illinois don't live in the northern part of the state otherwise it all goes out the window. Having said all that if I had my way I would move back to Ohio even though it would cost more.
Florida does have property taxes for Seniors.
Very misleading, tax reduced is not tax free state.
In Hawaii the property tax is low. And there are property tax deferments for elders, payable upon death. The cost of living, housing, utilities, food etc. is very high.
Cobb County Georgia is Fair... I just pay Police and Fire, "No Public Schools in my Bill", etc...
yeah, but who wants to live there?
ALL states should exempt all Seniors for Property Tax due to lower income as Retirees. It is bad enough with home owner insurance as an equal amount, how are we suppose to maintain and fix our property. I know at 68 it costs me $9,000 a year in property tax and house insurance, with little to maintain my home and that is why I may have to sell due to lower Retirement income and having to pay not just City tax but county. Even worse paying property tax not on purchase price once PAID off, but sell value when I have NO intention of selling unless I cannot afford the taxes and insurance. SAD.
Another thing to consider is the death tax. If you want to pass along anything to your kids death tax is a biggee
Trust me they're gonna get your $$$$ one way or the other.
sounds about right 👍
Florida does have property taxes on seniors. You must be low income to get no taxes on home for seniors.
Given enough time and change, I suppose someday, somehow, people will consider such places as AL and MS to retire to ... long, long, long into the future. I like my Chicago ambulance response times. :)
Live in NH. Would move to Laurel MS if it wasn't for the high humidity and mosquitos. And yes, Laurel MS because Erin and Ben and their friends and family have done a fantastic job of pumping up Laurel. The new Mayberry RFD.
There should be no taxes period for seniors. Unfortunately, although I’m retired living on a small SS income, I’m not 65 yet, and still have that burden. When I was married we lived in Texas. My ex-husband loved that there was no state income tax, but i reminded him property taxes were outrageous and if you’re out of a job, it could be devastating. Otherwise, I loved Texas.
Most of my property tax (about 2/3) is for the local school district. It's Lake County Illinois. For a very average home it runs about $9600. Right now Illinois doesn't tax Social Security, or retirement savings. Lake County is nice, and I try to avoid going into Chicago these days. Don't mine paying the taxes for the school district as I think maintaining a good school district for future generations is important, but not really sure what they are teaching these days. My kids are long out of the school district. So I'll leave it to the current parents to express what they want their children to learn.
Josh did you say every state has some sort of discount for veterans? Not in Michigan.
Unless your fully disabled
We should not have to pay school taxes if we raised our children and dont use the schools anymore. Schools always beg for money and free labor. I did my part for 50 years plus.
We live in NJ and our property taxes are good for us, $6500. Yes higher than a lot of people here but it’s budgeted in our retirement and we will be good. We could never move away from our kids and future grand children.
Could not agree more. I live in NJ as well but mine are 12K
@@stevewhite4231 moved out of somerset area NJ 2002. My 1700 SQ ft house was at $9500 taxes. I cant imagine what it is now 20 years later? Moved to PA, so much better!
I hear you mark. That's why the VAST majority fo people who move don't move to a new state.
In West Virginia, property tax is what is paid on cars, motorcycles, ect. Real Estate tax is what is paid on real property. In 2024, property tax will be a credit towards your state income tax.
Here in Lake County IL, there’s a real good chance your property tax payment will be more than mortgage and interest combined. We’re about 4%.
This is the way! For every $500 of monthly property taxes you eliminate, you open up the cash flow that would otherwise require $150K of portfolio value. ✅
great point, FOR ONCE, Thomas!
@@JoshScandlen 🤣🙏🏻
Florida does not stop charging property tax to people over 65 I wish they did
$4500+ per year in FL for me, 66 years old!
Same here and my house is only 1800 Sq ft. and I am 72 years old
There was a recent video by someone I don't watch, so didn't really pay attention. Sorry kind of useless, but the gist is that property taxes are a scam. Something to do with they come up with a budget for the county, then tell assessor or whoever to find the money. That's why a $100k house all of a sudden assess at $300k, drives up real estate prices too. There may have more, like additional corruption to the story, but this is what I remember. It was happening all over the country, too.
MITCH VEXLER interviews ... he is exposing this fraud ... also exposing about Fed Reserve. Everyone needs to view at least 1 or more interviews...Sachs Realty, Real Estate Mindset, Michael Bordenaro are 3 but I think there may be more that have interviewed him.
Most of DE is being re-assessed
We live in San Antonio tx we are paying 10 thousand dollars in property taxes for year and however in Las Vegas we used to pay 2 k . San Antonio is free property taxes for 100% disabled veterans . I hope my husband gets station somewhere else soon , this state is killing us.
Absolutely! There should be no property tax on personal residence! Trump should stump some of these local governments robing us !
Devalued currency is a problem inflation is the excuse fiduciary negligence is the cause and if the government doesn't have the ability or willpower to stop the waste why should we responsible for their poor judgment
Can you clear up Florida. Im 62 this year. Thanks Rich
you will still pay the same tax at 65 but you may get a extra 50K deduction off the assesed value of your home if your income is below a certain amount that is it
You didn’t mention the only blue spot in the Rocky Mountains! It’s probably Teton County in Wyoming with Jackson Hole.
It’s the localities that kill ya. The public employee labor unions have the people by the nuts. Even in rural Illinois. I hate saying that, I was in a high paying union job for 20 yrs. But the tax payers didn’t pay my salary, a private business did. Huge difference.
Property tax should be abolished. It and it's penalties are a crime against freedom of ownership. Seniors are forced with the decision of selling property to reduce the tax drain on a fixed income. It's absolutely criminal! Plus the bills come in showing a gross tax amount with discounts like they are doing you a favor. Setting you up for higher rates later.
Why dont you people READ your state tax code.
Only State or county property is taxable
I pay way more income tax than property tax. I moved from CA to TX in 2005. What I save in not paying CA income tax (TX has no state tax) I save thousands each year. I am in a different situation than many, I retired at 54 with a 6 figure retirement, so income tax hits me harder than most retirees. After almost 20 years I still love Texas. I moved to Texas mostly because it matches my politics more than most. If you move here from other states and have different politics stay out, we don't want you.
Your report is babble, you should organize what you plan to say rather than babble.
I live in the Dallas, TX area (Collin county), and pay $6000 for a $370K house (1.6%), but the TX legislator is working hard to reduce it for everyone, especially seniors. I have made the decision that other good things about TX outweigh it being one of the states with the highest property tax.
The state of TX does offer some relief of an additional $10k (on top of the base $40k) and protection from increasing property taxes after age 65 on one's homesteaded property.
Franklin county suburb of Columbus Ohio. $6000 on $185,000 house. It's hideous here and will get worse in January 2024. They say they are working on a program for seniors, but doesn't look like it's getting very far as of now.
NYC suburbs 20- 30 thousand 1hr north 10 -15 thousand and the only thing included is road care.
Isn't the whole thing pretty much like going grocery shopping. Something may be on sale, but they get you on something else. What appears to be a bargain may not be at all. They know we aren't willing to spend all these in depth analysis. The just want to present the illusion things are cheaper.
FL county property tax is the issue
Please pray for us in NJ lol
The good red state laws are always in states that are crappy to live in. We need red state laws in states with like California with good weather. Florida is the closest you come but there is humidity, hurricanes, and alligators. Maybe some small fringe areas in Nevada. Its tough.
South Dakota property tax is already so low that it won’t be a game changer.
I dont think SD property tax is low, is it?
@@JoshScandlen Like 1.2% or so, but so many low priced properties. Hawaii is low, but even some condos go for 800k. All relative I guess.
Your list is wrong. Florida has property tax.
That might be the state's property tax rate. But, you might have to add City, County, School District, Road & Bridge and Bond Rate Tax. Those can eat you up.
did you even watch the video?
Born and raised in Florida. Everyone has property taxes no matter what.....I do not no where you are getting your false info from...
I live in Georgia and 76 YO just got my property tax bill. I don’t know what you’re talking about, blah blah blah.
I am a disabled combat vet. I refuse to pay property tax on a home that is paid for and i own outright. As far as im concerned i own tne land, whats below and above. Wby yge hell would i pay taxes on paid for properyy. I have no problem going into combat once again to keep greedy state and county govetnments out of my business.
Bath County, Kentucky only $667. Woo Hooooo ! 🐶
That's bull , South Dakota has a small discount but still taxes you
If it’s not the taxes that gets it will be the high humidity and bugs in the Southern States
I live in Florida with a huge screened Lani with a pool, I am loving the South!!!!!
@@Linda-ic1il Florida sucks enjoy the high property insurance and taxes
Why are you harping on the weather in people's comments? The south, Wyoming, etc. Not everyone can afford to live in an ideal weather place like San Diego.
Dude.
Property taxes fund
our schools and fire
stations.
Like for telling to avoid Chatham County
Fun fact, Vermont has the highest gun ownership per capita and is Bernie Sanders-level liberal. It's hard to get past the political commentary.
Your so incorrect about the states with no property taxes for seniors that you listed.
"Sniffy Joe" LOL!!!
If you're talking about property tax where you actually live there is this you don't have to get permission from the government to exercise your rights you have a right to live somewhere and they can't tax a right to live somewhere therefore property taxes are voluntary you must stand up for your rights down at the county assessor they I repeat they know you have a right to live somewhere and they know they can't tax it
Pennsylvania is the land of high taxes.
Why you hating on Louisiana? $75 k homestead exemption
nice job
I get it but I could never live in those states. I’m a north eastern boy and this is where we are staying. All family are up here.
open a business and cheat !
I was born in the northeast and fled at 17, one week after high school graduation. People are so rude up there, there's not much beautiful nature compared to the west and it's so expensive. NO thanks!
Delaware "Where sleepy Joe is from" 😂
West Virginia is cheap for a reason. Lots of high rates of drug abuse. My best friend's bio family is from there.His 2 nephews are meth addicts.