Where are the best places to move for lower property taxes?
Polls report that property taxes are the most hated taxes of all. People feel that they are the “worst and least fair type of taxes.” They even trump federal income taxes in this respect. So if you are tired of paying too much property taxes, where should you move?
According to The Fiscal Times here are the Ten States with the Lowest Property Taxes:
- District of Columbia
- South Carolina
- West Virginia
What if you are willing to move a little further?
There are at least 8 Countries with No Annual Property Taxes
Of course it is important to remember that there can be many other factors which add to the total cost of living anywhere. That includes transport, utilities, the average cost of groceries or going out for an evening, and more. And there are many types of taxes from sales tax, to state income tax, and more.
These are reportedly 10 of the worst states for overall tax burden:
- North Carolina
- Rhode Island
- New Jersey
- New York
However, if high property taxes are your biggest pet peeve, note that all of the top 5 counties with the highest property taxes in the country are all either in NY or NJ, according to USA Today.
Location, Location, Location
Still, you often get what you pay for. And there are many other benefits and attractions to living in New York. The high taxes don’t seem to be putting off developers or the world’s wealthiest that are seeking a safe haven for their capital. Although we know real estate developers often get ludicrous tax breaks. So where you choose to live is a about a lot more than just how high one type of tax is. Being near family, and work, can be priceless. The biggest issue is where NY homeowners are unfairly overcharged on already ridiculously high property taxes. No one should be being paying more than they need to, or paying for more than what they are getting.
If you feel you may be paying too much in property taxes, click to check out how this service can help reduce your property taxes…