Find out how much it costs to live in Bowling Green.
The tax situation is certainly better than average in the Bluegrass state-no social security tax, low state income taxes, and only partial pension taxing. Bowling Green specifically will have you taking your extra income to Bluegrass concerts in no time thanks to a very low cost of living.
State Income Tax:
Social Security Tax?
County + State Sales Tax
Property Tax Rate *
Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *
Cost of Living Index (100=average):
Housing + transportation costs as % of income:
State Sales Tax Breaks for Seniors:
Tax burden: % income going to state and local taxes:
Kentucky has an inheritance tax, but all Class A beneficiaries (spouse, parent, child, grandchild, brother and sister) are exempt. Other beneficiaries are subject to inheritance tax rates ranging from 4% to 16%. There is no estate tax.
For homeowners 65 and older or totally disabled, $36,000 of the assessed value of their property is exempt from state taxes under the homestead provision for 2014.
For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/
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To learn more about real estate in Bowling Green book a visit and we'll help you find the right place to live.
If you want to minimize your chances of being unemployed, Bowling Green may be a great location for you-only 0.4% of those over 65 are unemployed. Most seem to be finding work in manufacturing or the accommodation industries, the biggest hirers of late.
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