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No state personal income tax for residents; wages, retirement, and investment income not taxed.
Average property tax rate: 0.74%; property rates lower than national avg.
Homestead exemption tied to inflation after >66% voter approval; up to $50K exemption on assessed value.
Statewide sales tax: 6%; avg. combined rate: 6.98%. Groceries, prescriptions, diapers, some feminine products exempt.
No estate or inheritance taxes; retirees may qualify for extra homestead exemption if eligible.
This content is for educational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Advisory services offered through Davies Wealth Management, a Registered Investment Adviser. Please consult a qualified financial, tax, or legal professional regarding your specific situation.
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