Whether you are a Texas resident looking to relocate in Palestine, or if you're from out-of-state and exploring the possibility of calling Palestine home, Palestine offers many retirement opportunities and welcomes you to explore them.
Palestine, county seat of Anderson County and one of the oldest and most historic cities located in beautiful East Texas. Anderson County marks the gateway from the flat backland prairies into the hilly forest region of deep East Texas in what is called the Piney Woods of East Texas. Elevation throughout the area ranges from 200 to 700 feet.
Set among the beautiful pines and dogwood trees, Palestine Texas is a graceful and romantic city where Victorian homes and bed & breakfasts are neighbors of modern hotels and restaurants. Large magnolia trees and white columns welcome you to this gateway of a bygone era. Over 1,800 historical sites grace Palestine, second only to Galveston.
Railroad buffs and all the young at heart will want to discover the mystique and enjoy a ride on the Texas State Railroad, in one of Texas' oldest Railroad towns. The Palestine Depot reflects the architecture of the early 20th century. Because of the trains historical authenticity, the railroad park and its old steamers frequently are "stars" in movies and TV.
Sales Taxes: State Sales Tax is 6.25 percent (food, prescription and non-prescription drugs exempt); local option taxes can raise the rate to a maximum of 8.25 percent.
Gasoline Tax: $0.20/gallon
Diesel Fuel Tax: $0.20/gallon
Personal Income Taxes: No state personal income tax
Retirement Income: Not taxed.
Property Taxes: Property tax is imposed by local taxing entities. Homestead exemptions and exemptions for homeowners 65 years old or older may be granted. Counties, cities, towns and junior college districts are permitted to establish a tax freeze on homesteads of those 65 years old or older or disabled. For more information on exemptions, visit the Office of the Comptroller at www.cpa.state.tx.us/taxinfo/proptax/exmptns.html.
Inheritance and Estate Taxes: There is no inheritance tax, and the estate tax is limited and related to federal estate tax collection.
Tax Exemption for Veterans: Disabled veterans who meet certain requirements, their surviving spouses and the spouses and minor children of a person who dies on active duty in the U.S. Armed Forces are eligible for property tax exemptions on the appraised value of their property. The exemption is mandatory and applies to taxes levied by all taxing authorities in the state. For more information regarding this specific tax exemption, visit the Texas Veterans Commission at www.tvc.state.tx.us/StateBenefits.html.
For more information on taxes, contact the Office of the Comptroller at www.window.state.tx.us/taxes/.
For More information on retirement in Palestine visit http://www.retireintexas.org/Home/CertifiedRetirementCommunities/Palestine.aspx