Looking for real estate in a beautiful area with a low cost of living?
Taxes: Our total tax load is lower than the national average. Property taxes are based on assessed valuation of property. State income taxes are figured on a graduated scale from 1-7%, depending on taxable income. The first $6,000 of retired military pay and the first $6,000 of most private retirement plans, excluding IRA’s, are tax exempt. A $300 homestead tax deduction is available to home owners who claim their home as their primary residence. After homestead deduction, avg. tax on a $115,000 home in 2008: approx. $450/year.
Cost of Living in Baxter/Marion Counties
Baxter County COL 2008 cost of living index in Baxter County: 83.9 (less than average, U.S. average is 100)
Marion County COL 2008 cost of living index in Marion County: 82.0 (low, U.S. average is 100)
Industries providing employment: Educational,health and social services (21.4%), Manufacturing (20.4%), Retail trade (13.6%).
Type of workers:
- Private wage or salary: 78%
- Government: 12%
- Self-employed, not incorporated: 10%
- Unpaid family work: 1%
As of 2007, Baxter County’s population is 41,307 people. Since 2000, it has had a population growth of 7.61 percent. Compared to the rest of the country, Baxter County’s cost of living is 19.30% Lower than the U.S. average. If you are looking for a home, a business, or any kind of real estate for sale in an area with affordable housing, low property taxes and a low cost of living, Beaman Realty can help you find it. Search for property for sale here or call us at Beaman Realty 800.467.5253 today.