But with all that, North Dakota does not even make it to the top five tax-friendly states for retirees, according to Kiplinger. These are the top five tax-friendly states for retirees: Alaska, Wyoming, Michigan, Pennsylvania, and Colorado.
Look at the property taxes in Wyoming:
Retirees don't pony up much in taxes in the Cowboy State. Thanks to the abundant revenues that Wyoming collects from oil and mineral companies, residents shoulder the lowest tax burden of any state except Alaska, according to the Tax Foundation. Prescription drugs and groceries are exempt from state sales taxes. For most property, only 9.5% of market value is subject to tax, so a home worth $100,000 is taxed on $9,500 of assessed value.Wyoming is high on my list. One of the best years of my life was an overnight stay in Rock Springs some years ago.
But what really surprised me was that Texas did not make it to the top five. It must be their property tax rates because Texas has no state income tax. Nor does South Dakota or Florida, to the best of my knowledge. With the fiscal problems that Pennsylvania has (Harrisburg is technically bankrupt), it is amazing that it makes the top five. Whatever.
Another link regarding this issue, click here.
On a positive note, Schlumberger's earnings soar.
