Owning a Miami Condo has different ongoing costs than in many other states due to a variety of factors including higher insurance rates, typically more amenities provided in Miami condos and property tax rates. Below is a brief explanation of each: Property Tax. Florida residents have the advantage of not having to pay any income tax at all. But in the end the governments need to collect their taxes from somewhere, and property taxes is where they get it from in the form of approximately 2% of the assessed value of the condo per year. The county assesses the value … (0 comments)
Miami Condos
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