Quote:
Originally Posted by thelegges
Property taxes are much higher in some states, than Florida. So worth while to stay in Florida for 4-5 months as a secondary vacation home.
Paying State income tax didn’t even come close to make up for the how much higher property tax was on northern homes. Plus many not a fan of the heat, so 4-5 months for many in Florida winter and north for summer, fall.
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In CT you had to spend 6 mos. in FL to claim residence and avoid the state income tax in CT. However, that meant you gave up your capital gains exemption when or if you sold your high priced home there. Best to talk w your accountant.