Retirement Communities in Texas
If you are considering one of the retirement communities in Texas as a place to spend your Golden Years, youll find that Texas has a lot to offer retirees. From the Hill Country which stretches westward between Austin and San Antonio, to the sunny shores of the Gulf Coast from Galveston to Padre Island, Texas appeals to a wide variety of folks.
The cost of living in most parts of the state is well below the national average. The housing market remains stable and houses average around $110 to $134 per square ft.. Thats half of the price of a home in California.
If golf is your game, Texas offers over 800 top notch golf courses throughout the state. In fact, Houston and Dallas/Fort Worth are the homes to two very special courses. The Tour 18 courses offer a virtual tour of some of the most famous and challenging courses that can be found anywhere in the world.
If you enjoy the water, you might be surprised to learn that the Lone Star State has 4,959 square miles of inland water as well as 367 miles of coastline along the beautiful Gulf of Mexico.
Texas is also one of the few states that have no personal income tax or retirement income tax. There is no Inheritance Tax and the Estate Tax is limited and related to federal estate taxes. For more information on taxes in Texas, visit the Texas State Website.
All of this contributes to why Texas has now become the #2 state behind Florida as the most popular state to retire according to The North Carolina Center for Creative Retirement, which is nationally known for tracking retirement migration trends.
Being able to afford a nice home in an active community where you can be close to good medical care, family and cities with superb cultural amenities doesnt have to be a dream anymore. One of the retirement communities in Texas may be exactly what you have been looking for.
Check out one of these communities:
Important information if you are considering one of the retirement communities in Texas:
Median Home Price: $99,858
Personal Income Tax: No
Sales Tax: Yes
Texas levies a 6.25 percent sales tax.
--There are local sales and use taxes levied by cities, counties, transit and special purpose districts that can add up to 2 percent to the sales tax, making the total tax on purchases as high as 8.25 percent.
Property Tax: No
Texas does have local taxing units (counties, cities and school districts) that assess and collect property taxes on all real and income-producing tangible personal property not exempt by state or federal law. Personal property (including automobiles, airplanes, boats and travel trailers) that does not produce income is mostly exempt from taxation.
--Total tax rates vary from location to location and may change from year to year.
--There is a homestead exemption available for all who owned property on Jan. 1. A greater exemption is available for taxpayers 65 and older or disabled.
Inheritance and Estate Tax: No
For More Information: Contact the Texas Comptroller of Public Accounts website
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