Florida is one of only a few states with no state income tax — including on retirement income. This can mean substantial savings, especially for retirees and high earners.
Florida residents benefit from no state inheritance or estate taxes, making it a favorable place for long - term financial planning and wealth transfer.
Florida homeowners benefit from a Homestead Exemption of up to $50,000 and the Save Our Homes (SOH) cap, which limits annual increases in assessed home value to 3% or the CPI — whichever is lower — helping reduce long - term property tax bills. SOH also allows you to transfer up to $500,000 to a new homestead (portability).
A recently passed federal bill
— a significant increase from last year ’s
$10,000 cap.
With a generous
selection of homes, condos, and homesites on the market,
Owner/President The Grant Group O: 239.948.4450
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