Lack Of Income Tax In Florida: A Great Incentive To Move Here
Florida residents luck out in the tax department. Recently, we mentioned that Florida rescinded virtually all of the Florida intangibles tax. That’s great news for people interested in retiring in sunny Florida. The bulk of Florida’s low tax burden though? Florida doesn’t tax income. Florida’s one of seven states in the U.S. that lacks an income tax.
Actually, the state’s constitution prohibits income tax. Obviously, Floridians can’t escape the federal income tax, but as for state income tax, we’re in the clear! People who’ve lived in Florida all their lives might not realize just how fantastic this is, but those relocating to Florida from states with an income tax appreciate it for sure!
Florida does have a 6% sales tax, but groceries and medicines aren’t subject to sales tax.
Look, there’s a million reasons to relocate to the Sunshine State. We have a generous Homestead Tax Exemption for primary residences. The low tax burden certainly ranks high on the list though.
The Tampa Bay area specifically offers excellent services and amenities. So, if you’re relocating or retiring, let us find you a new home. Plus, Tampa is connected to an outstanding, low cost mass transportation system, ensuring freedom for people who no longer drive or never liked driving in the first place!
Thinking of Selling Your Tampa Bay Area Home?
If you’re interested in selling a Tampa Bay area home, please contact us for more information about listing your home. Check out our helpful article describing the process and how to decide if it’s the right time to sell.
Are You Buying a Home for Sale in Tampa Bay?
If you’re thinking about buying a home in Tampa Bay, do a quick online search or check out our:
- Tampa Bay homes for sale under $100,000
- Tampa Bay homes for sale between $100,000 and $200,000
- Tampa Bay homes for sale between $200,000 and $300,000
- Tampa Bay homes for sale between $300,000 and $400,000
- Tampa Bay homes for sale between $400,000 and $500,000
- Tampa Bay homes for sale between $500,000 and $600,000
- Tampa Bay homes for sale between $600,000 and $700,000
- Tampa Bay homes for sale between $700,000 and $800,000
- Tampa Bay homes for sale between $800,000 and $900,000
Our experienced agents know the area and would love to find you the perfect home in the Tampa Bay or any of the surrounding areas. When you’re ready, call us at 813-961-6000, or contact us online. We handle real estate in Hillsborough County (the Tampa – St. Petersburg – Clearwater metropolitan area), real estate in Pasco County (Port Richey, New Port Richey, Dade City, Zephyrhills and San Antonio), and real estate in Pinellas County (Tampa – St. Petersburg metropolitan area.) We’ll help you find the right home for your needs!
