New  Yorkers Moving To Florida- #1 Reason To Move To Florida

Taxes! 

Not only does shoveling snow get on people's nerves during long cold winters in New York but according to statistics gathered by The Tax Foundation people are leaving New York and moving to Florida because of high taxes. New Yorkers Move To Florida

New York has some of the highest taxes in the states. 

For many years the number one reason that New Yorkers moved to the Sunshine state of Florida was because of the cold and snow during the winters. 

But that is no longer the number one reason. 

Now the number one reason they are leaving in droves to move here to Florida is because of Taxes. 

Florida has no state income tax, we have low sales tax and food is not taxed. We also have low registration fees for cars and we have homesteads for our primary properties and homes we live in. 

More than 600,000 people moved out of New York to Florida between 2000 and 2009. 

New York led the nation in out-migration. 

The best thing about New Yorkers moving to Florida is that they bring their billions of dollars out of New York and put it in banks here and property here in Florida. They spend their money here in Florida too and this is good for our state economy. 

Over 60% of all home purchases in South Florida are ALL CASH purchases and many of those are former residents of New York and the others are foreign buyers. 

We welcome you New Yorkers to the beautiful sunshine state of Florida! 

If you need a buyer's agent to help you maneuver through the maze of real estate transactions and purchases contact our office- International Properties and Investments LLC - 561-753-0135. We can assist you in your relocation to South Florida. 

Subscribe To Our ActiveRain Blog 

Authored by Katerina Gasset

Nestor Gasset and Katerina Gasset- Realtors®, CIPS, ABR, SFR, GRI, REOS

International Properties & Investments LLC
 
Call us today at 561-753-0135 to get your house sold. 
 
 
 

 

 
This post has been included in Florida Real Estate News Palm Beach County, FL Real Estate News Wellington, FL Real Estate News
Post is included in group: Silent Majority
Post is included in group: Posts to Localism
Post is included in group: Florida Snowbird Central
Post is included in group: All Things Florida
Post is included in group: Local Expert

16 Comments on New Yorkers Moving To Florida- #1 Reason To Move To Florida

JUN
03
360,345 Points 42 Featured Posts Outside Blog Called Shot Master

Katerina~I thought I recalled that with many people who had "second homes" in Florida who were in NY, NJ, and those other northern states (with awful weather in winter months!), that you paid enormous taxes, and so living in FLA fulltime saved a lot of money. Has that changed?

My mom and one of my mother-in-laws live fulltime in FLA.
8:01pm • #1
315,303 Points 5 Featured Posts Called Shot Master

Katerina, it sounds like a good business decision.  I know many people from the NE have relocated to Dallas and Houston for economic reasons as well.  We, too, have no state tax.  Buyers are flocking! :)
8:11pm • #2
1,552,891 Points 277 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Gayle- Yes, many northerners have second homes here in Florida. But more are moving here full time because of the lower taxes. Yes, it saves a lot of money. 
8:42pm • #3
1,552,891 Points 277 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Sonja- Texas is booming! Nestor lived in Texas for 18 years and was a licensed realtor there. We have 1 son in College Station, a daughter in Austin and a daughter in San Antonio. Nestor lived in Katy and Houston. 
8:43pm • #4
617,305 Points 60 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Nestor and Katerina

I was lucky enough to have lived in Florida...and then moved to Texas who also does not have state income tax. Now, I'm in California where we're taxed for everything. Oh well, can't win 'em all :)
9:30pm • #5
733,185 Points 13 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Katerina...if you get to much money in your Banks from those New Yorkers send them here..ha

Great to hear you have low Taxes in Florida.

Cheers
10:03pm • #6
JUN
04
303,804 Points 27 Featured Posts Outside Blog Called Shot Master

We have a son who lives in Sunny Isles and he laughed like a nut when we told him our property taxes were 26 thousand... But then I think we're nuts for not moving to Florida...  In fact we're thinking of it and if we do we'll be sure to contact you guys... Happy Day!
6:42am • #7
645,228 Points 8 Featured Posts Outside Blog Called Shot Master

Katerina, we are getting a few of those looking for no state income tax. I have a home here in Tennessee and one in Florida. I wonder why?
9:14am • #8

Hi Katerina,

Sounds like Florida is the best place to be! Saving money on taxes is always a good thing, plus you have that amazing weather and all those beautiful beaches. Thanks for sharing this info, keep up the good work and I wish you more success as a top Wellington short sale agent!
7:10pm • #9
JUN
05
1 Featured Post Outside Blog

Hi Katerina,florida is one of the best places to live in.Great people,great weather.What more can you ask for! Great blog here!Stay number one Wellington Short Sale Agent and more success to come.
11:03pm • #10
JUN
06
1,552,891 Points 277 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Thanks everyone for your comments! 
6:00am • #11
1,552,891 Points 277 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Fred- Ah, yes we will:) 
6:01am • #12
1,552,891 Points 277 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Beth- A move to Florida would suit you well:) 
6:01am • #13
1,210,622 Points 118 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Katerina - as I needed a reason to justify being in Florida (LOL). Good blog post. I still think I like that idea of raising the sles tax and eliminating the property tax. With over 50 Mil visitors, that would fall on them to pay our property taxes. And I would rather pay a little every week, than the full amount once a year.
6:44am • #14
1,552,891 Points 277 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Jon- That is a great idea!!! Have you contacted Governor Scott with your idea? That would be like so awesome!!! 
10:16am • #15
355,608 Points 3 Featured Posts Outside Blog Called Shot Master

Hi

I am surprised California didn't lead the list. Almost every week there is news of another company moving out to places like Texas. The sale tax runs 7.5 to 9.5% depending in which county you live and the income tax is around 10%.

cheers cvc
11:03am • #16

Login or register to leave a comment
 
Picture_of_k_n_equ_est_sub Ambassador_large

Nestor & Katerina Gasset Realtors® Wellington Florida Homes For Sale

Wellington, FL

More about me…

International Properties and Investments LLC

Address: 1021 Cherry Lane, Wellington, Fl, 33414

Office Phone: (561) 753-0135

Cell Phone: (561) 502-1577

Email Me

Wellington Florida Real Estate Blog By Katerina Gasset of International Properties & Investments, Inc.

is a Great Place For Real Estate Agents and Potential Buyers and Sellers to get to know more about Wellington Florida as well as other parts of Palm Beach County. Subscribe to my blog by email

Short Sales Training ebook

Join Active Rain

Locations of visitors to this page iCLIPART.com


Listings

Links

Archives

RSS 2.0 Feed for this blog