Retirees in tax-free states face housing costs that erase savings
Updated
Updated · Realtor.com News · Apr 29
Retirees in tax-free states face housing costs that erase savings
9 articles · Updated · Realtor.com News · Apr 29
Realtor.com says New Hampshire’s 2025 median property tax bill hit $7,102, while Florida retirees face steep insurance costs in markets such as Miami and Cape Coral.
Senior economist Jiayi Xu said Texas and New Hampshire have fast-rising property tax burdens, and nearly 19% of New Hampshire homeowners paid more than $10,000 in annual property taxes.
A new federal senior deduction may reduce taxable retirement income, but CPA George Dimov warned residency audits can still hit retirees who claim low-tax states without fully relocating.
Are the hidden costs in so-called tax-free states actually wiping out retirees’ savings, and how can you accurately predict your real post-move expenses?
How can retirees confidently prove new state residency and avoid costly audits, especially when maintaining ties to their former home?