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Jacksonville Named in Top 10 Cities with Lowest Taxes

May 20, 2013 | | Comments 0

Jacksonville SkylineGood news for Jacksonville real estate owners: the city was recently named by MarketWatch as one of the top 10 cities in the United States with the lowest taxes.

As with all Florida residents, individuals and families living in the city don’t have to pay state or local tax income. The majority of the state’s tax revenue instead comes from their 6 percent sales tax. This means that families earning $25,000 only had to pay $2,956 per year (11.8 percent of their income), and families earning $150,000 only had to pay $6,429 per year (4.3 percent of their income) in taxes.

The data for the study came from The District of Columbia’s Office of Revenue Analysis, which reviewed the estimated property, sales, auto and income taxes a family paid in 2011 in the largest city in each state.

Other cities in the top 10 include Las Vegas, Nev.; Manchester, N.J.; Sioux Falls, S.D.; Memphis, Tenn.; Billings, Mont.; Fargo, N.D.; Houston, Texas; Anchorage, Alaska and Cheyenne, Wyo.

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