Dover, Delaware: A Tax Friendly Retirement City



Posted: Wednesday, June 13, 2007

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The only saying is true, “There are two things you can rely on in life; death and taxes." More often than not, when looking for an ideal place to retire, one of the considerations for most retirees is taxes; specifically property taxes. 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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Charlotte Demontigny
Web Master
Ideal
Places to Retire - Inexpensive to Exotic


http://www.ideal-places-to-retire.com
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