The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: Late Start but still want to retire early!||Date: 3/24/2004 2:38 PM|
|Author: SeattlePioneer||Number: 159018 of 767445|
Are there places where they have no property tax that are next door to a state that has no sales tax? That would be a good place to call home.
I don't know about that, but Washington State has no income tax and Oregon has no sales tax. You could live in Vancouver, WA and do your shopping across the border in Oregon.
All true, intercst. In addition, property taxes on homes usually amount to a little less than 1% of fair market value per year in Washington State. No sales taxes on food or drugs.
Voters in counties around Seattle seem willing to vote for any tax increase the politicians care to put up for a vote, but ther is also an active anti tax group that submits state wide initiatives to cut taxes at every general election --- this year the proposal is to cut local property taxes (other than schools) by 30%. This comes as a result of an 800% increase in tax revenue from these local property taxes over the past twenty years.
In addition, Washington has a knife edge balance between Republicans and Democrats which tends to keep state government reasonably honest and competetive, and taxes low.
So if you stay out of the Seattle area, Washington State can be pretty tax friendly compared to many.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|