Talk of The Villages Florida - View Single Post - Thoughts or Ideas on Second Home... Financial or Tax Thoughts
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Old 02-17-2025, 09:41 AM
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MNViking MNViking is offline
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Quote:
Originally Posted by Toymeister View Post
What is the interest rate on the current home?

Is the idea to claim Florida as your primary residence to avoid state income tax?
It is right around 4% for current home.


@retiredguy123

As for spending time down there, at current 4-6 weeks, but Not sure I want to pay for a place 10 years now at those future costs with income becoming smaller as I will be retiring. Could also rent out if we chose.