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Florence
Florence
Alabama
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Florence is a city in and the county seat of Lauderdale County, Alabama, United States, in the state's northwest corner. According to the 2010 census, the city's population was 39,319. Florence is the largest and principal city of the Florence-Muscle Shoals Metropolitan Statistical Area (which includes Muscle Shoals, Sheffield, and Tuscumbia metropolitan areas in Colbert and Lauderdale counties). Florence is considered northwestern Alabama's primary economic hub. Annual tourism events include the W. C. Handy Music Festival in the summer and the Renaissance Faire in the fall. Landmarks in Florence include the Rosenbaum House, the only Frank Lloyd Wright-designed home located in Alabama. The type of municipal government is mayor-council.

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Taxes

B

How did Alabama earn the grade of B? We examined the state taxes based on how age friendly they are. Alabama has a state sales tax of 4.00%. Of particular interest is that Alabama does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. Alabama has an effective property tax rate of 0.43%. Weighing these taxes and other taxes most likely to impact the aging population is how Alabama earned its state tax grade of B.

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