Of course many people move here for the climate and sunshine, but there's another reason that's almost as prevalent.
"Tax refugees" from northeast and mid-west states are finding that living in Florida offers them tax breaks. Florida has no state income tax, and the booming tourism economy helps pay for infrastructure, keeping property taxes relatively lower than up north.
The downside is that the inflow of new residents is putting pressure on real estate prices.
Read the full article here: https://www.floridarealtors.org/news-media/news-articles/2020/02/flas-attraction-it-sunshine-or-tax-advantages
Lakewood Ranch has a powerful marketing strategy as the nation's 2nd best selling master planned community. Contact me as your Lakewood Ranch new home specialist with any questions, or to schedule a home tour.