Like Nevada, Wyoming doesn't impose any personal income taxes. State sales taxes ring in at well below the national average
, saving taxpayers a cut at the cash register. The Cowboy State is probably best known for its beautiful scenery. Surprisingly, the reasonably-priced real estate is only taxed at a fraction of the actual value -- even better, residents are legally protected from counties and municipalities increasing property tax rates. The state also allows for considerable relief from property taxes in many circumstances. There is no separate inheritance tax and, as in Nevada, any estate tax is based on the federal estate tax.
Despite low taxes, the state doesn't appear to skimp on services: Wyoming has the distinction of being the first to have a county public library system (the Laramie County Public Library System
, organized in August 1886). It may help that there are few taxpayers who require services; at last count, the entire state population was 532,668 -- less than the population of Boston, Denver or Seattle.