18. Don’t Forget About Property Taxes
Property taxes may vary widely by state, which could be a surprise for retirees that don’t do any research beforehand. Many assume that states with a low cost of living also have low property taxes, but that’s not often the case. Take Texas and California for example. Texas has a much lower cost of living but when it comes to property taxes, theirs are twice as high as California.
Still, the Golden State might not be a cheaper destination. What we’re trying to say is that you should avoid the shock of too large a bill when they arrive. If you’ve already spent a large portion of your income and then get hit with a sum you weren’t expecting, that could be uncomfortable. Avoid this altogether by schooling yourself on property taxes before the big move.
