Quote:
Originally Posted by Papa_lecki
Did the previous owners take homestead exemption - will you? Will you establish FLA residency and pay FLA state income tax rate vs NY rate?
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Yes. We would live in Fl and use the homestead exception. But after you add in the bond and amenity fees it's more than we can afford. We had always assumed that
the FL taxes would be much less and then when you add in the additional Villages fees it would pretty much be a push to what we are paying now.
We assumed about $1200 a month without a mortgage and that is doable.
The home we were looking at was on Pope Pl and the current taxes are $7200 without the increase after the sale. That is what we are paying now in NY. We understand that FL expenses are bit a less.
What is the Homestead discount a year?