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Tax-Friendly Cities: It's not what you earn, it's what you get to keep

By
Real Estate Agent with Keller Williams Greater Seattle

According to a recent Kiplinger article, taxes play a significant role in deciding where to dig in your roots and call home (in addition to housing costs and living expenses). They have put together a list of U.S. cities with the lowest state and local tax burdens (as a percentage of gross income). And wouldn't you know it, Seattle made the list!

No. 4 Seattle, Washington

Income tax: $0
Property tax: $1,698
Sales tax: $1,561
Auto tax: $457

STATE & LOCAL TAX BURDEN: 5.0%

Urban Facts: Seattle may be a tax-friendly city, but it also has a high cost of living, well above the national average.

The median home sales price was $375,000 for last quarter of 2008, compared to $200,000 at the national level.

http://www.kiplinger.com/magazine/archives/2007/04/taxfriendlycities.html

Jim & Maria Hart
Brand Name Real Estate - Charleston, SC
Charleston, SC Real Estate

Hey, Nicole. I love the no income and low taxes. We could all use that guideline. I love your photo as well. Thanks and have a great week, Jim

Apr 07, 2009 03:22 AM
Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor

Nicole,

Congratulations to your and your city - hope that translates to more business for you. :)

Steve

Apr 07, 2009 03:43 PM