This is the eleventh installment of Top 12 Reasons to Retire in Cape Coral, Florida which can also be downloaded from our freeeBook library. Another great reason to retire in Florida (especially Cape Coral) is because it’s one of a few low tax states! States with no income tax In 2010, the average Cape Coral resident paid about $1,436 in property taxes. They also enjoyed paying no state income tax since Florida is one of 7 states that do not tax individual incomes. A 6% sales tax, which ends up including many tourist dollars, helps to offset the lack of a state (0 comments)