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Top 10 U S Cities With The Lowest Taxes



A


recent survey by the           estimate of the registration      
District of Columbia            fees, state and local gasoline    
government identified top       taxes and personal property taxes 
10 cities in the U.S. that have       all put together.                 
the lowest overall tax burden.                                          
The survey was conducted on the       While the national median tax     
state and local tax burden of         burden for such families is 9.1   
families in the largest city in       %, all the top ten cities had an  
each of America's 50 states and       overall state and local tax       
Washington, D.C. The survey           burden that ranged from 4.1 % to  
provided the stat on the              6.7 %. Not surprisingly, seven of 
state/local income, sales tax,        the top ten tax friendliest       
real estate tax and auto/personal     cities are in states that do not  
property tax incurred by couples      have income tax.                  
at various income levels.                                               
                                      The following are top 10 tax      
Kiplinger's Personal Finance          friendliest cities in the U.S.    
Magazine provided the rankings of                                       
the lowest-tax cities for             1. Anchorage, Alaska: Anchorage   
dual-income couples with one          has the lowest tax burden at 4.1  
school-age child earning a            %. The estimated property tax is  
combined gross income of $75,000.     $2,872 and the auto tax is $176   
The property tax shown for each       in this city that is home to 42 % 
city is the estimate of a             of Alaskan residents.             
hypothetical home that a couple                                         
earning $75,000 would own.            2. Cheyenne, Wyoming: This second 
Similarly, the auto tax of the        most low-tax city enjoys a tax    
top 10 cities is based on the         bite of 4.3 %. The property tax   
assumption that the couple owns       and auto tax estimates are $1,047 
two cars. The auto tax is an          and $564 respectively.            



                                      With a tax bite of 6.3 %, and     
3. Jacksonville, Florida: The         respective property tax and auto  
city has a low tax burden of 4.6      tax estimates at $2,701 and $325, 
% while the property tax and auto     Sioux Falls occupies the seventh  
tax estimates are $1,869 and $333     position among the top 10.        
respectively.                                                           
                                      8. Fargo, North Dakota: At number 
4. Las Vegas, Nevada: The fourth      eight is Fargo with a tax burden  
tax friendliest city in the list,     of 6.3 %. Its property tax        
Las Vegas has a tax bite of 5.4       estimate is at $2,188 and auto    
%. The property tax and auto tax      tax estimate at $317.             
estimates are $2,416 and $610                                           
respectively.                         9. Houston, Texas: Houston has a  
                                      tax bite of 6.3 %. The city’s     
5. Honolulu, Hawaii: Honolulu has     property tax and auto tax         
a total tax burden of 5.6 %. The      estimates are at $2,778 and $310  
city’s property tax and auto tax      respectively.                     
estimates are $1,279 and $425                                           
respectively.                         10. Billings, Montana: Rounding   
                                      out the top 10 tax friendliest    
6. Memphis, Tennessee: At sixth       cites is Billings with a tax bite 
position is Memphis with an           of 6.7 %. The property tax and    
overall tax bite of 6.1 %. Its        auto tax estimates are at $1,983  
property tax estimate is $2,084       and $682 respectively.            
while the auto tax estimate is                                          
$355.                                 Source: Kiplinger Personal        
                                      Finance (05/07)                   
7. Sioux Falls, South Dakota:         

                              




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