Top 10 Lowest Taxed Cities in The United States for 2007
May 12th, 2007 • Related • Filed Under
Face it, if you are like me you are frustrated everytime you send money to inefficient governmental agencies when you pay taxes. For those who live in cities their tax bills are even higher as the cities tend to want their cut of your earning and asset pie.
Kiplinger came up with a survey of the cities that are the friendliest for paying taxes in, meaning they let you keep more of what you earn. For conversation sake, the median city tax level in the United States is 9.1 percent.
Top 10 Lowest Taxed Cities in The United States for 2007
- Anchorage, AL: 4.1 percent
- Cheyenne, WY.: 4.3 percent
- Jacksonville, Fla.: 4.6 percent
- Las Vegas, NV.: 5.4 percent
- Honolulu, HW.: 5.6 percent
- Memphis, TN.: 6.1 percent
- Sioux Falls, SD: 6.3 percent
- Fargo, ND: 6.3 percent
- Houston, TX: 6.3 percent
- Billings, MT.: 6.7 percent
via Kiplingers and Realtor Magazine
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
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I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
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Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
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Comment by Chip on 13 May 2007:
Guess they don’t include property tax. Jacksonville is no longer a cheap place to live, IMO. I don’t know about the other places on the list, but elsewhere in the South, the cost of living seems much less than in Florida at present. Since the state government’s solutions all involve shifting the tax burden, rather than reducing the spending that shot up during the bubble, the pain is unlikely to go away. If the pain doesn’t go away, increasing numbers of residents will.
Comment by Captain K on 8 July 2007:
I live in Houston and the tax rate has been 8.125% for over two decades.
Comment by islandguy on 11 November 2008:
Actually, you are all not aware, but the lowest tax jurisdiction in the United States is an island chain called the Northern Mariana Islands. It became US soil officially in 1985. As part of their agreement, they had to mirror the US tax code. However, a loophole allowed for a rebate, which gives back up to 90% back on all CNMI sourced income. I love it here and highly recommend it. Feel free to take a look at my website. I do real estate here.
http://www.marianasliving.com