State-by-State Guide to Taxes on Retirees
Tool | November 2019

State-by-State Guide to Taxes on Retirees


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The Bottom Line
Flag of Wyoming

Most Tax-Friendly

The Equality State is tax-friendly to all residents, including retirees. Thanks to abundant revenues that the state collects from oil and mineral rights, Wyoming retirees shoulder the lowest overall state and local tax burden in the U.S., according to our calculations. There are no income, estate or inheritance taxes … and sales taxes are low, too.

You won’t pay high property taxes to own a home on the range, either. For a $400,000 home in Wyoming, the state-wide average annual property tax bill comes to just $2,540, which is the ninth-lowest amount in the U.S. Even better for seniors, those who meet income requirements are eligible for a refund of up to $900 ($800 for single filers) of property taxes, utilities and sales/use taxes.

State Sales Tax

4% state levy. Municipalities can add up to 2% to that, with a combined rate of 5.32%, according to the Tax Foundation.

Income Tax Range

Wyoming has no state income tax.

Social Security

Benefits are not taxed.

Exemptions for Other Retirement Income

Wyoming has no state income tax.

Property Taxes

Wyoming, residents pay an average of $635 in taxes per $100,000 of assessed home value.

Tax breaks for seniors: The state has a Tax Rebate to Elderly and Disabled program that is available to those 65 and older who meet certain income requirements. They can receive a refund from the Wyoming Department of Health on property tax, utilities and sales/use tax for up to $800 (single filers) and $900 (married filers).

Vehicle Taxes

Sales tax is due at the rate of the county where the purchaser lives.

Inheritance and Estate Taxes