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Taxes in Southeast

Hello group,

Very happy to announce that the little one is about to go to college which means it is time to move!
My fiance and I are interested in relocating from Ohio to an airpark more southeast, preferably with very little or no snow.

Other than the snow, we don't really have any requirements other than high speed internet.. As a result, we're trying to determine if any particular states are friendlier with our tax dollars. We're having trouble pinning down how use tax works in some of the states we're looking into.

In Warren County Ohio, we pay about $3500/yr for our real estate tax. The property value shows as ~$225k with an assessed value of ~78k. It sold in the last month for ~335k.

Ohio has state income tax, it is tiered and tops at 4.97% above my pay grade.

Many, but not all county localities here charge .5 - 2% income tax.

For our vehicles, we pay sales tax when we purchase new or used and after that we pay about ~$60/yr to register each of our cars and motorcycle. It is a registration fee, not based on value.

For our RV-12, there is a $15 per seat registration fee. Taxes are paid when purchased, unless it is a casual sale then no tax. No other recurring costs.

Our sales tax is ~7%. Food from grocery store is not taxed.

Do any of you have similar figures that you can share for other states?
We're interested in learning more about:

Georgia
South Carolina
Alabama
North Carolina
Florida
Tennessee

Thanks!
 
Florida has no income tax, but real estate taxes are high. State sales tax is 6% plus a county addon, usually 0.5%. Vehicle registrations are about $75/yr. Not sure about aircraft as mine is still under construction.
 
In NC all of those are variable by county other than income tax - that's 4.99% no matter what you make.

Sales tax is around 7% throughout the state but it's also variable on where you live/are and what you're buying.

Here in Buncombe, real estate taxes are about 0.7% but that also varies by where you live within the county. Assessed values are also far below market right now.

Vehicles you pay for the registration + tax yearly.
 
South Carolina

SC In General:
South Carolina has a state income tax. (https://dor.sc.gov/tax/sales)

Greenville County sales tax is 6%. Food from grocery store is not taxed.

All County's have a property tax, I think it varies by County.

Airplanes get taxed by the State once when initially bought or built, Sales Tax and a Use Tax. Or, if owned buy an out-of-state LLC (eg. Delaware or Montana) - then nada.

Occasionally here in the NW part of the State a little snow or an ice storm when conditions are just right, ergo - deep south and global warming.

available hangar space at public airports and airpark properties are as common as hen's teeth.

Generally good flying weather.
 
Florida sales tax on airplanes is a one-time thing.

I don't think real estate taxes are "high", especially considering that there is no state income tax. Sales tax averages 7% (varies by county).

One advantage of living in Florida is that your home is not touchable to satisfy judgments against you. Also once you're established at a given level of real estate tax, you get a cap on the amount it can go up each year, plus "portability" of the homestead exemption which limits the amount that real estate taxes can go up.

https://www.gsblawfirm.com/florida-...otection is a,homestead to satisfy a judgment.

https://floridarevenue.com/property/Documents/pt112.pdf
 
Florida sales tax on airplanes is a one-time thing.

I don't think real estate taxes are "high", especially considering that there is no state income tax. Sales tax averages 7% (varies by county).

One advantage of living in Florida is that your home is not touchable to satisfy judgments against you. Also once you're established at a given level of real estate tax, you get a cap on the amount it can go up each year, plus "portability" of the homestead exemption which limits the amount that real estate taxes can go up.

https://www.gsblawfirm.com/florida-...otection is a,homestead to satisfy a judgment.

https://floridarevenue.com/property/Documents/pt112.pdf

We looked hard at Florida. Taxes are not bad on homes if you are established. If you are buying new they are eye watering! Add in insurance costs and home ownership gets expensive. TN probably has the lowest overall taxes in the SE but might get more snow in parts than you want. I would suggest don’t put a lot of emphasis on taxes and simply pick the area you enjoy the most. The difference is not that great when all the various taxes are averaged in. Living where you will be happy is priceless!
 
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