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Home > Blog > 10 Best States to Pay Taxes

10 Best States to Pay Taxes

April 12, 2016 by ccleek Leave a Comment

No one wants to think of paying taxes. Sure, our tax dollars do a lot, but we know we could do a lot more if we could keep some of our money in our pocket. Taxes may be a fact of life, but depending on where you live, you may not have to pay as much as everyone else.

Take a look at the 10 best states to pay taxes across the country as determined by WalletHub and reported by Florida Realtors.

10. Florida

We already know we live in a great state, but here’s yet another reason to be glad to call yourself a Floridian.

  • Effective total state & local tax rates on median U.S. household: 9.03%
  • Annual state & local taxes on median U.S. household: $4,868
  • Percentage difference between state & national average: -15.62%
  • Annual state & local taxes on median state household: $4,305

9. South Carolina

8. California

7. Idaho

6. Tennessee

5. Nevada

4. Wyoming

3. Montana

2. Delaware

1. Alaska

There are great places to visit and say you’ve been on this list, but Florida has so much to offer: sandy beaches, great weather, and no snow (for our northern friends).

Don’t see your home state on this list? Hopefully it’s not on the list of the 10 worst states to pay taxes:

10. New Jersey

9. Iowa

8. Ohio

7. Michigan

6. New York

5. Rhode Island

4. Connecticut

3. Wisconsin

2. Nebraska

1. Illinois

How bad is it in Illinois? See for yourself.

  • Effective total state & local tax rates on median U.S. household: 14.54%
  • Annual state & local taxes on median U.S. household: $7,836
  • Percentage difference between state & national average: 35.83%
  • Annual state & local taxes on median state household: $8,100

View the 10 best and worst tax rates at the Florida Realtors website and be thankful you live in Florida.

Don’t live here yet? You can own your piece of paradise here on the Emerald Coast. Ask me how!

Filed Under: Buying a Home

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