Thinking about retiring in Colorado?

If there were not enough reasons to move to Colorado, this article talks about another one.

Colorado is a " tax-friendly destination for retirees" because of a low income-tax rate and various exemptions available to seniors, Kiplinger.com says.
In its state-by-state "Guide to Taxes on Retirees" by the personal-finance and business website, Kiplinger says Colorado's income tax rate is 4.64 percent of federal taxable income, lower than most states.
It also said Colorado taxpayers ages 55 to 64 can exclude up to $20,000 of Social Security and qualified retirement income from state income taxes, while those 65 and older can exclude up to $24,000.
As for property taxes, it said full-time Coloradans age 65 and older can qualify for a homestead exemption of up to 50 percent of their property value, up to a maximum reduction of $200,000.
There also are property-tax rebate and deferral programs for Colorado residents age 65 or older or disabled, or a surviving spouse age 58 or older, Kiplinger said.
There is no state inheritance tax, and the state estate tax does not apply to those who died after Jan. 1, 2005, the report said.
On the other hand, Kiplinger noted that in Colorado, seniors must add back the portion of Social Security benefits not taxed by the federal government to calculate their eligibility for certain state tax breaks.
Nationwide, Kiplinger said seven states — Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming — have no state income tax at all, but that many states with an income tax have compensating incentives for retirees that could make them an even better deal for seniors.
At the other extreme, Kiplinger cited five states — California, Connecticut, Nebraska, Rhode Island and Vermont — that fully tax most pensions and other retirement income.