10 Best and Worst Things to Do When Looking for a Place to Retire

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.

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