Top 10 Tax-Friendly Cities
Sunday, March 1, 2009 provided by Kiplingter
Tax rankings are based on 2007 tax return computations for a two-income couple earning $75,000 with one school age child. The real property tax is a function of housing values, real estate tax rates, assessment levels, homeowner exemptions and credits. The auto tax figure assumes the couple owns two cars and is based on the estimated registration fees, state and local gasoline taxes, and personal property taxes, if any.
No. 1 Anchorage, Alaska
No. 2 Manchester, New Hampshire
No. 3 Cheyenne, Wyoming
No. 4 Seattle, Washington
No. 5 Las Vegas, Nevada
No. 6 Jacksonville, Florida
No. 7 Sioux Falls, South Dakota
No. 8 Phoenix, Arizona
No. 9 Billings, Montana
Income tax: $2,559
Property tax: $1,865
Sales tax: $0
Auto tax: $689
STATE & LOCAL TAX BURDEN: 6.8%
Urban Facts: Billings taxpayers with adjusted gross incomes of less than $30,000 can exclude up to $3,600 of their pension income from state taxes.
Dubbed locally as the "Magic City," Billings is supporting growth by dunning its energy, agriculture, and transportation industries.
No. 10 Chicago, Illinois