Tax Exempt States for Full Time RVing

, "even California has it's advantages. Property taxes are very low and your purchase price is the tax basis until you sell, so when the property appreciates, your taxes do not rise. There are many Californians who bought their homes years ago and have seen the value increase 10 or 20 fold, yet their property taxes are the same as when they bought the property. That savings can offset a lot of income tax and the other ridiculous fees that California has on virtually everything."

I wish that were true. Property tax in CA can and does increase by 1% per year.
However when property values went out of sight, the prop tax did not rise at the same rate. It jumps to the property is sold.
That is why next door neighbors may have thousands of dollars difference for the same basic home
I lived in CA many years and still own property there.

JoeGood988 wrote:

You can own property in as many states as you want to, as long as you live in each one less than 180 days a year.

I own property in two states and I certainly live in one more than 180 days. I think you are confusing "residency" requirements.
bumpy

bob_nestor wrote:
States with no Federal Income Tax??? I really believe you'll find that to be a fairy tale.

As for States with no income tax where you can register your vehicles and get a driver's license... Unless you're a resident of that State I think you'll find this is a form of tax evasion that States frown upon. Some of those States affected by this loss of revenue are getting aggressive in going after these "tax cheats". People have tried to avoid this by setting up corporations in no-tax States and having those corporations "own" their vehicles. The States are also getting wise to this and going after those who can't show a legitimate justification for this.

States always find ways to balance out taxes one way or another. No income tax usually translates to higher property taxes and/or sales taxes.

States will always get their revenues, one way or the other. However, individuals can and do seek out states that best work for their individual circumstances. A state that gets the bulk of their revenues from property and sales taxes (say Texas) makes a good base if you have a lot of income and don't own much since there is no state income tax. Northwest Wyoming has become somewhat of a popular retirement destination because Wyoming has low property taxes, no state income tax and you can shop for major purchases in Billings, Montana where there is no sales tax. However, if you have an RV, Wyoming has very high licensing fees on RVs, so it is not a good choice for full timers. Heck, even California has it's advantages. Property taxes are very low and your purchase price is the tax basis until you sell, so when the property appreciates, your taxes do not rise. There are many Californians who bought their homes years ago and have seen the value increase 10 or 20 fold, yet their property taxes are the same as when they bought the property. That savings can offset a lot of income tax and the other ridiculous fees that California has on virtually everything.
South Dakota used to be the state of choice, they encourage the full timer, but now Obamacare has tossed a wrench into the equation. Since there are so many full-timers registered in SD, the insurers in that state have made it very difficult to obtain insurance with nationwide coverage. That is probably Good Business, because full time RVers as a whole are older, and that would mean an adverse selection pool for SD insurers. (Remember Obamacare only works if young people buy insurance, since their premiums are more than the benefits they will collect, whereas older people's premiums are less than expected benefits).

Piperflyer wrote:
I know a few of the states have no federal income tax ... when it comes to purchasing RV's( NH being one)

I don't understand.. what does the IRS have to do with purchasing an RV?

Google: 'states with no vehicle inspection'. Saves lots of time.

We retired out of Missouri and went to South Dakota, turned in titles, drivers licenses and became SD residents...no state income tax, no personal property tax, no sales tax...big savings. Every state has Federal taxes but the rest is a big savings.
You can own property in as many states as you want to, as long as you live in each one less than 180 days a year. Full time RV'rs who travel all over can use this and claim almost any state as a state of residence..Florida, Montana, Texas, South Dakota, etc. Many states have rules that prevent you from claiming as a resident...have to check the laws.
All of our retirement income and other monies go through SD so they don't take out state taxes. We have to return to SD every 5 years to have picture taken for drivers license but voting ballots are mailed to us every voting session. We are excluded from jury duty as we are too far away to attend

Oregon has no sales tax when you buy. No state tax on SS benefits. But you still pay fed tax. I don't know of any states that have no fed tax. Some have no state tax but have a sales tax.

States with no Federal Income Tax??? I really believe you'll find that to be a fairy tale.

As for States with no income tax where you can register your vehicles and get a driver's license... Unless you're a resident of that State I think you'll find this is a form of tax evasion that States frown upon. Some of those States affected by this loss of revenue are getting aggressive in going after these "tax cheats". People have tried to avoid this by setting up corporations in no-tax States and having those corporations "own" their vehicles. The States are also getting wise to this and going after those who can't show a legitimate justification for this.

States always find ways to balance out taxes one way or another. No income tax usually translates to higher property taxes and/or sales taxes.

I'd like to know this as well. So far I haven't encountered any in recent years.

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