Login      
Localism: Local Real Estate Information and Agents

Tired of High Taxes? Move to Montana! Land of No Sales Tax & Low State Income Tax!

taxesThere is NO General Sales Tax in Montana! It's hard for visitors to get used to but when you purchase something for $2.99 in Montana - you only pay $2.99 at the register, not $3.10 or $3.21.

Montana does not charge tax on business purchases and there is no state or local excise tax on long distance telephone costs. Montana primarily uses property & income taxes to support public services.

The lack of sales tax means that many people come to Montana to make large purchases - on cars, motorhomes, and even appliances & home electronics. One Montana retailer does a huge amount of business selling appliances & home electronics online because there is no sales tax, even when they ship to out-of-state customers.

Montana does have an accomodations or "bed tax" of 7% however. This applies to all stays under 30 days in a hotel, vacation rental, or cabin.

Individual State Taxes  And, out of the 50 states, Montana ranks NUMBER SEVEN in income remaining after state and local taxes. Montanans have approx. 90.4% of their income left after paying state and local taxes - which is 8.5% more than the national average!

Personal income tax in Montana is assessed at a rate of 2-8% of taxable income.

General Business Taxes Montana levies a flat corporate tax of 6.75% of net income or $50 - whichever is greater. This compares with corporate tax rates of 9.3% IN California and 8% in Idaho.

So if you're ready to live in Montana, contact Kevin & Monica Ray at Streamside Realty. We'll help make your Montana real estate dreams come true!

 

 

 
11 comments on ActiveRain...
Author

Kevin & Monica Ray, Missoula, Superior & Western Montana Real Estate Specialists
Streamside Realty
Missoula, MT

Cell Phone: (406) 207-1185

More information...

Contact Kevin & Monica Ray, Missoula, Superior & Western Montana Real Estate Specialists

ActiveRain corp. is not responsible for the accuracy of the sites content which is written by members of the ActiveRain Real Estate Network, and does not necessarily endorse the views of the Montana real estate agents, mortgage brokers and others listed here. All Cities in MT
Powered by the ActiveRain Real Estate Network
© 2007 ActiveRain Corp. All Rights Reserved