6. Taxes / Cost of Living...
There is... NO STATE INCOME TAX... in Florida.

Property Taxes are capped on all homesteads. If your primary residence is in Florida, you can Homestead the residence and the assessed value will be capped at 3% per year, even if your assessed value exceeds that amount.

In many ways, Florida’s cost of living is below that of other states with similar economic growth and in-migration rates. For example, the state’s homeownership rate currently stands at about 70 percent, well above the national average. And, with data from the Florida Association of Realtors showing that $187,800 was the statewide median price for an existing home at year-end 2008, housing prices compare well to other similar states.

Those seeking to move a business or start a new business in Southwest Florida enjoy the many financial benefits of Florida’s tax laws.

For specifics, click the links below:

Manatee County Economic Development Corp.

Sarasota County Economic Development Corp.

Charlotte County Economic Development Corp.

Click HERE For a Cost of Living comparision.

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Southwest Florida Real Estate Information


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