Is it true that there is no property tax in Florida?

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amother

Pink

Fri, Jul 21 2017, 3:12 pm

Can Florida homeowners on imamother.com clarify this please? Is it true that there is no property tax on the first home I buy in state of Florida? Thank you

cnc

Fri, Jul 21 2017, 3:16 pm

There is property tax.
There is no personal income tax.

amother

Pink

Fri, Jul 21 2017, 3:18 pm

cnc wrote:

There is property tax.
There is no personal income tax.

?? What
Basically when u work u get ur full salary? No tax..? I didn't have that experience

happy12

Fri, Jul 21 2017, 3:20 pm

There is federal taxes

amother

Pink

Fri, Jul 21 2017, 3:36 pm

Ok thank you,

1-is property tax expensive?
2-what is personal income tax?

amother

Scarlet

Fri, Jul 21 2017, 4:10 pm

amother wrote:

Ok thank you,

1-is property tax expensive?
2-what is personal income tax?

Like everywhere else, different cities have different tax rates. Florida is a very large state, and property taxes vary by city.

Also, while there is no state income tax, all other income taxes apply.

MagentaYenta

Fri, Jul 21 2017, 4:26 pm

States tax an individuals income. There may also be sales tax. Some states also waive property/income taxes in areas for teachers, police, fire and medical personnel. This usually happens in areas where communities are underserved.

Maya

Fri, Jul 21 2017, 4:37 pm

Salaries are also generally lower than in New York, so the trade off may not be worth it.

amother

Pink

Fri, Jul 21 2017, 4:43 pm

MagentaYenta wrote:

What do you mean by this?

MagentaYenta

Fri, Jul 21 2017, 5:01 pm

amother wrote:

What do you mean by this?

Underserved areas may be metro inner cities or rural areas which have small pools of these qualified professionals to fill open positions. In order to recruit these professionals certain incentives are put into place. Zero property taxes have historically been used as incentives. It is my understanding that today this is more common in rural areas.

amother

Mustard

Fri, Jul 21 2017, 6:21 pm

MagentaYenta wrote:

Another way to go about it is to designate your home as a synagogue....

cnc

Fri, Jul 21 2017, 6:25 pm

amother wrote:

Another way to go about it is to designate your home as a synagogue....

Ya, any other methods of fraud you'd like to suggest?

amother

Mustard

Fri, Jul 21 2017, 6:32 pm

cnc wrote:

Ya, any other methods of fraud you'd like to suggest?

I know it was subtle but the "..." I included was alluding to that. 🙂. It was a hat tip (well more of a wink) to the poster I quoted.

MagentaYenta

Fri, Jul 21 2017, 10:23 pm

amother wrote:

Another way to go about it is to designate your home as a synagogue....

That works in cities like Lkwd. Where zoning is slack or nonexistent.

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