Choosing a Home Base State - Part 2


  • Do you own extensive personal property that could be taxed (boats, bonds, etc.)?
      Watch this one - you could find yourself taxed for the computer you use in your RV-based business in addition to anything else the state considers taxable.

  • What other taxes could impact you - personal property, income tax on dividends & interest, sin taxes (cigarettes, liquor, etc), luxury taxes?
      Do you smoke or drink? What is the gasoline tax? Check these 'fine print' taxes carefully.

  • If you own property, what is the property tax rate?
      Okay, you sold you home so this doesn't apply to you. But if you plan to buy property in the state at some point, even just an RV lot, this should be a consideration.

  • What is the inheritance tax rate? What is exempted?
      No one wants to think about this one, but once you are deceased it's your spouse and family that will have to deal with it. You also want to be concerned with probate issues. Again, your attorney and accountant are your best information sources for your own situation.

    FAVORITE STATES

    Things to Think About

    FLORIDA

    • No personal income tax
    • Annual intangible personal property tax on stocks, bonds, etc.
    • Minimum 6% sales tax plus up to 1.5% local and optional tourist development taxes
    • No vehicle safety inspection
    • $100 per vehicle charge when first registering any vehicle purchased out of state including motorhomes
    • Must renew drivers license in person every other renewal period
    • Vehicle emission inspection required in Broward, Dade, Duval, Hillsborough, Palm Beach & Pinellas counties

    Florida Motor Vehicle Information
    Florida Taxes
    Florida Property Taxes
    Regional Taxes & Rates
    Tax Burden for States in the Southeastern Region
    FL State income tax called `despicable'

    TEXAS

    • No personal income tax
    • Minimum 6.25% sales tax plus up to 2% local
    • Vehicle safety inspections required
    • Vehicle emission inspection required biennially
    • Passenger vehicles weighing over 6,000# are assessed by weight rather than age
    • $15 new-resident fee for auto registration
    Texas Taxes
    Texas Department of Transportation
    Texas Regional Taxes and Rates

    TENNESSEE

    • No personal income tax except 6% on interest & dividends
    • Minimum 6% sales tax plus average of 2.25% local
    • Vehicle safety inspections required in some counties - wheel tax - varies from $10-$50
    • Vehicle emission inspection required
    Tennessee Personal Income Tax
    Tennessee Taxes
    Tennessee Motor Vehicle Registration
    Tennessee Regional Taxes and Rates
    Tax Burden for States in the Southeastern Region

    SOUTH DAKOTA

    • No personal income tax
    • Minimum 4% sales tax
    • No vehicle safety inspection
    • No vehicle emission inspection
    • Motor vehicle excise
      The copyright of the article Choosing a Home Base State - Part 2 in Recreational Vehicles is owned by Donna Yeaw. Permission to republish Choosing a Home Base State - Part 2 in print or online must be granted by the author in writing.

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