Quote:
Originally Posted by Fast Freddy
Good advice, thanks.
California: In 1974 Howard Jarvis lead Proposition 13 which froze property taxes with a limit of 2% per year increase with certain stipulations attached. A whole lot of us still pay 1974 property tax. You can imagine the savings! That's why moving will cost us a whole lot more plus the annual maintenance fee and bond, etc.
I'm not complaining just making a true statement.
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The property tax rate is higher here than California but not the amount you pay in taxes, houses are much more expensive in California. A $300,000 dollar home here is about a $1,000,000 home in California. Once a house is sold in California it takes on the new selling price for its tax base. There's really not that many people who have lived in the same house for 43 years in California.
You also have no state income tax in Florida and in California it is 11%.