Taxes Drive New Yorkers To Florida

Taxes Drive New Yorkers To Florida

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 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.

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