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Video on Dover, Delaware: A Tax Friendly Retirement City
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Dover, Delaware: A Tax Friendly Retirement City
Charlotte Demontigny
While there are many cities across the US who
boast "no-income tax" retirement; the fact is
property and sales taxes can absorb most of your
retirement income.
Dover, Delaware is not only among the top ten
places to retire to, but has the lowest property
tax of any city in the US. In fact, there are no
sales taxes at all in this state, and social
security benefits are free of state tax. Moreover,
up to $12,500 of a retirees income is tax free.
Add to this the fact that a home valued at $133,
000 requires a payment of just a little over $540.
00, which makes Delaware one of the top locations
in the US offering tax friendly retirement city.
With homes ranging in the area of $111,000; this
city of 32,000 residents offers a community
considered to be high on the senior friendly city
list as well.
Conveniently located halfway between Washington
and New York, Dover is within a few hours of one
third of our nation's population, Dover offers an
ideal location along with a quality of life
second to none. Living in Dover, you will
experience a vibrant downtown, a very attractive
historical district and well established
neighborhoods.
With its natural beauty as well as attend arts
and entertainment activities, such as the
Schwartz Center for the Arts and Dover Downs, who
bring in national acts on a regular basis, you
will feel an instant connection to the community.
Listed as one of the ten best small cities based
on cost of living and overall quality of life,
Dover has been touted as having the best quality
of life among US cities - bar none. Not only is
Dover an "ideal place to retire," but is a clean
and safe community in which to live.
___________
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