End of Summer State Tax Facts

End of Summer State Tax Facts

Thinking about where you want to retire? Here are a few state tax facts to ponder as summer winds down and we all get back into full planning mode:

U.S. States with No Individual Income Tax*

  • Alaska
  • Florida
  • Nevada
  • South Dakota
  • Texas
  • Washington
  • Wyoming

*New Hampshire and Tennessee both tax income earned through interest and dividends.

U.S. States with No Sales Tax

  • Alaska
  • Delaware
  • Montana
  • New Hampshire
  • Oregon

U.S. States with Lowest Property Taxes (effective rate on owner occupied housing)

  • Hawaii
  • Alabama
  • Louisiana
  • South Carolina
  • Colorado

Source: The Tax Foundation, Facts & Figures 2019