Advantage of being a Florida Resident?

[Bay Kid]

I have been a Virginian all my life. My Florida friends have told me I should become a Florida resident. Is it really worth the change?

[tophcfa]

I can come up with three advantages, no state income taxes, homestead exemption on property taxes, and your vote in a national election might actually matter (depending on previous state). In general, substandard health care in Florida (at least the greater Villages area) is a big disadvantage.

[Toymeister]

Taxes

Virginia partially taxes withdrawals from qualified retirement accounts, Florida does not. There are other tax considerations which, on average, work against a Virginian retiree.

Political

This could be positive or negative depending upon your views. Your taxes, whatever they are, support the overall political landscape of the state that you claim residence to. Moreso than the state that you are a seasonal resident of.

[MrFlorida]

The advantage of knowing that you are a resident of a great state !

[Stu from NYC]

We lived in Va for 30 years and move here 2 years ago and so happy we did.

[Bill14564]

I can come up with three advantages, no state income taxes, homestead exemption on property taxes, and your vote in a national election might actually matter (depending on previous state). In general, substandard health care in Florida (at least the greater Villages area) is a big disadvantage.

Our decision was based on two of those three - we didn't know about the homestead exemption until we got here.

We'll be expanding out to Ocala, Gainesville, and Orlando in our quest for health care comparable to what we had in Md.

An additional consideration for the OP is whether they will keep their home in Va. There could be a Va equivalent to the homestead exemption that is more beneficial than the Fl version. (of course, this isn't an issue if you will only own one home}

[Stu from NYC]

Our decision was based on two of those three - we didn't know about the homestead exemption until we got here.

We'll be expanding out to Ocala, Gainesville, and Orlando in our quest for health care comparable to what we had in Md.

An additional consideration for the OP is whether they will keep their home in Va. There could be a Va equivalent to the homestead exemption that is more beneficial than the Fl version. (of course, this isn't an issue if you will only own one home}

There is no Va equivalent to the Florida homestead exemption.

[MDLNB]

Florida is GREAT if the folks that migrate here from the North will just quit trying to make it into the state they left.
Personally, I did not move here just because it is Florida. I moved to The Villages because it is a great place for my very social spouse, and there is plenty for anyone to do. There is no Florida income tax, but I didn't pay state income tax where I lived previously anyway. The weather is great if you enjoy warm weather....I do. The crime rate IN The Villages is very low, but that doesn't count if you are deciding to live elsewhere in Florida. Seafood is great, but you can get seafood in many other coastal states.
It does not matter what is appealing to others, it is what is important to you. I don't allow anyone else decide how I should feel (other than my spouse). They may have reasons that do not matter to you. Figure it out for yourself.

[jrref]

No state income tax, no estate tax, no inheritance tax, homestead exemption, lower car insurance. What else do you want?

[collie1228]

I was a resident of New York, and now am a proud resident of Florida. I don't recall ever saying I was a proud resident of New York.

[davem4616]

like you, we had two homes and went back and forth

I finally got tired of opening and closing 2 houses and we became Florida residents, which eliminated the state income tax that we were paying

We were concerned about health care at first, however we have found some excellent doctors in FL....we traveled to Tampa last year for major surgery....Tampa General is an excellent hospital

Good luck

[rjm1cc]

Your real estate taxes will probably be lower but your home owners insurance more expensive. If costs are important Fl will save you money. If cost do not matter it is your life style and only you can answer that.
Consider renting for 6 months to a year and look at the various parts of Fl.

[MartinSE]

It's flat.

[rustyp]

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[asianthree]

Saving $$ at our other residence by not becoming Florida resident. It’s all about money in my pocket

[rustyp]

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[HIgolfers]

An excellent question almost impossible to answer. I have done the snowbird thing for 14 years +. I did make the decision to become a FL resident early in the game. At that time it was an easy decision because I was an early retiree in my 50's and it saved me from paying income tax to my northern state. However after 65 and pensions and other old people benefits I think it might be close to a wash from that end today for my own particular set of circumstances. I will tell you where the real advantage has now been for me - homestead. My northern state does not have a very lucrative type of homestead benefit. By homesteading here in FL 14 years ago I am saving a bundle in property taxes on my FL home. My taxes on my FL home today would be double what I actually pay per the tax estimation printout the local municipality send me each year.

Wow! Homestead is saving you 50%?
We’ve been here 5 years and the way I’m reading my tax bill the homestead exemption drops our assessed value about 16%. I’m not complaining but it’s not that big a deal.

[rustyp]

///

[Bill14564]

...

By homesteading here in FL 14 years ago I am saving a bundle in property taxes on my FL home. My taxes on my FL home today would be double what I actually pay per the tax estimation printout the local municipality send me each year.

Wow! Homestead is saving you 50%?
We’ve been here 5 years and the way I’m reading my tax bill the homestead exemption drops our assessed value about 16%. I’m not complaining but it’s not that big a deal.

Big difference 5 years Vs 15 years. Also where was the market when you purchased. That is the base of your homestead price. I just looked up the house next door to mine - basically same house. Sold in 2020 their last tax bill has no exceptions - not homesteaded. They paid 3X the amount I paid in taxes.

There are two parts to the Homestead Exemption:
1. $25,000 or $50,000 exemption on part of your tax bill. In Sumter County this would have saved anyone who had the exemption about $450 last year.

2. Cap on assessment increases. The cap rate changes every year; it has been as low as 0.1% and as high as 3.0% this year. My assessed value did not increase at all from 2020 to 2021. Any increase from 2021 to 2022 will be capped at 3% due to the exemption.

[rustyp]

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[Bill14564]

Yes the answer is #2. What you are missing here is I purchased in TV in immediately after the housing crash of 2008 when prices were at the bottom. There are a couple more exception I have also like over 65. I wouldn't get any exceptions here in TV if I were not a FL resident. Which is what the OP was asking. Also why I responded it is almost impossible to answer the OP question due to the set of circumstances for each case is most likely unique.

I modified my post to reflect the changes in the cap; I didn't realize the cap could be less than the 3% maximum. I'm looking forward to some of those 0.1% and 0.3% years.

[valuemkt]

Great post however not related at all to the question. The OP owns two homes one in VA and one here in TV. The question- is there an advantage of changing his VA residency status to FL residency status.

Then financials aside, it depends on where you think your vote will count more

[Stu from NYC]

Then financials aside, it depends on where you think your vote will count more

Easy answer but might get me in trouble here so I will not.

[Garywt]

Easy answer but might get me in trouble here so I will not.

I would never consider a vote when deciding on where to live. So far down the list that I would never get to it.

[tophcfa]

One downfall of Florida is that no businesses seem to offer Senior citizen discounts : (

[photo1902]

Florida is GREAT if the folks that migrate here from the North will just quit trying to make it into the state they left.
Personally, I did not move here just because it is Florida. I moved to The Villages because it is a great place for my very social spouse, and there is plenty for anyone to do. There is no Florida income tax, but I didn't pay state income tax where I lived previously anyway. The weather is great if you enjoy warm weather....I do. The crime rate IN The Villages is very low, but that doesn't count if you are deciding to live elsewhere in Florida. Seafood is great, but you can get seafood in many other coastal states.
It does not matter what is appealing to others, it is what is important to you. I don't allow anyone else decide how I should feel (other than my spouse). They may have reasons that do not matter to you. Figure it out for yourself.

Very nicely put.

[valuemkt]

Easy answer but might get me in trouble here so I will not.

Which is why i tempered my response the way i did

[Papa_lecki]

One downfall of Florida is that no businesses seem to offer Senior citizen discounts : (

I dont think you are looking in the right spot
The Complete List of Senior Discounts for 2022 (https://www.seniorliving.org/finance/senior-discounts/)

[MartinSE]

One downfall of Florida is that no businesses seem to offer Senior citizen discounts : (

I expect that is here around TV, since there are spots many of us. I know in N. Florida they do offer senior discounts, and many combine/stack senior and military.

[RVJim]

Then financials aside, it depends on where you think your vote will count more

That statement assumes one bothers to vote. I don’t vote, not worth the trouble. I also don’t complain about politics, not worth the trouble. I happily live in Florida and ignore it all.

[OrangeBlossomBaby]

Another perk to being a Florida resident is discounts at Disney World. That's a big deal if you/your family go there often, or want to go there often but couldn't otherwise afford it.

[me4vt]

And straight, that just sucks!! That’s why I leave my motorcycles in East Tennessee……….

[elevatorman]

Great post however not related at all to the question. The OP owns two homes one in VA and one here in TV. The question- is there an advantage of changing his VA residency status to FL residency status.

I guess missed the part where OP said he has 2 homes.

[Worldseries27]

i can come up with three advantages, no state income taxes, homestead exemption on property taxes, and your vote in a national election might actually matter (depending on previous state). In general, substandard health care in florida (at least the greater villages area) is a big disadvantage.
the criminal element knows that under the stand your ground law they may never have their day in court

[rustyp]

///

[donassaid]

Another great reason is that there is no personal property tax on cars, boats, riding lawn mowers, etc. One of the worst taxes ever. Also, no state income tax. The one thing I miss is Kroger. More reasonable grocery prices than Publix or Winn Dixie and discounts for gas.

[gwenhwalker@yahoo.com]

I was a resident of Virginia Beach for over 50 years and became a resident here upon retirement. Best bang for the buck

[sallyg]

No.

[rde3036]

I was a resident of New York, and now am a proud resident of Florida. I don't recall ever saying I was a proud resident of New York.

I was a resident of NY State until 2012. I wish I would have left earlier!!

[DAVES]

I was a resident of New York, and now am a proud resident of Florida. I don't recall ever saying I was a proud resident of New York.

I too am an ex-New Yorker. My view you can be happy, or not, anywhere. New York like Florida is a big varied state. Many people confuse New York State with New York Metropolitan area, ie New York City. I am retired in Florida. I was never retired in New York. Snow? Snow is pretty. I left it behind. Where can you find a snow blower in Florida? Shoveling snow? Our nutty neighbor used to serve hot cocoa as we shoveled.
Yes, taxes were higher but, we did not have a bond to pay. Bike riding? We had a great bike path that went to Jones Beach. Every place has things to offer. My garden?
Northern birds at least wait for the fruit to ripen. Southern birds will eat it green.

DON'T WORRY BE HAPPY.

[Stu from NYC]

Not much regret at moving here at all

[golfing eagles]

I too am an ex-New Yorker. My view you can be happy, or not, anywhere. New York like Florida is a big varied state. Many people confuse New York State with New York Metropolitan area, ie New York City. I am retired in Florida. I was never retired in New York. Snow? Snow is pretty. I left it behind. Where can you find a snow blower in Florida? Shoveling snow? Our nutty neighbor used to serve hot cocoa as we shoveled.
Yes, taxes were higher but, we did not have a bond to pay. Bike riding? We had a great bike path that went to Jones Beach. Every place has things to offer. My garden?
Northern birds at least wait for the fruit to ripen. Southern birds will eat it green.

DON'T WORRY BE HAPPY.

Well, having grown up on LI and lived 30+ years in the Finger Lakes region, I'll say this: A little snow is pretty, 10+ feet per season of shoveling and blowing and plowing is not, neither is slush and ice. There was no bond in NY, but my property tax AND $3200 bond combined is still only one third of my taxes in NY, and my home here is worth 3x as much. Bike---yes, it is a nice path to Jones Beach, but once there you get to compete with 700,000 other people for 10 sq. feet of sand, and your bike will be stolen 1 minute after you leave it. And there aren't any birds nibbling on my limes and lemons.

Should have left NY sooner!

[DAVES]

Great post however not related at all to the question. The OP owns two homes one in VA and one here in TV. The question- is there an advantage of changing his VA residency status to FL residency status.

Like many other things replies here are opinions, essentially gossip. When, it comes to finances, you should not publish the needed information here. Assuming the op wants to keep both homes and can afford to keep both homes it is a question for an accountant.

[Dlbonivich]

People say healthcare in the Villages is bad but within an hour or n just about any direction are some of the best hospitals. Most people have to travel an hour in the place they are from to find good healthcare. I lived in the Houston area I had to drive an hour to a good hospital.

[Zenmama18]

I modified my post to reflect the changes in the cap; I didn't realize the cap could be less than the 3% maximum. I'm looking forward to some of those 0.1% and 0.3% years.

We lived in our previous home in Orlando for 27 years and the cap saved us a lot of money. Our buyers had sticker shock when they got their first tax bill.

There is also an exemption for disabled veterans that reduces the property tax.

[Manders]

Another great reason is that there is no personal property tax on cars, boats, riding lawn mowers, etc. One of the worst taxes ever. Also, no state income tax. The one thing I miss is Kroger. More reasonable grocery prices than Publix or Winn Dixie and discounts for gas.

Have you tried Kroger home delivery? We use it and save a ton of money. Plus, fuel credit can be used at gas station in local area (detail on the kroger web site). If you do sign up, use a laptop web browser, for some reason the app has issues creating a login. Driver told us kroger deliver is exploding in popularity in TV.

[Luggage]

Well I do know that when I moved from New Jersey, the auto registration fees every year were a lot lower, and also the DMV here is extremely nice and official government people no matter what their job or party are extremely responsive to my questions and my requests. Can't say that with New Jersey. And as a fact when I had some concerns several times I had to knock on my door actually sit down for a cup of coffee and talk to me.

[ThirdOfFive]

I hail from Minnesota, "the state where nothing is allowed" according to a radio pundit up thataway. Just a few advantages of being a card-carrying Floridian as opposed to a former Minnesotan...

Florida has NO STATE INCOME TAX. Minnesota taxed everything, including being one of (I recall) only three or four states that taxes 100% of retirement income.

Florida has SUNSHINE just about every day and warm temps are the norm. Mark Twain once observed that "Minnesota has 51 weeks of winter and one week of bad skiing" each year. He's uncomfortably close to being right. He also said that the coldest winter he ever spent was a summer in Duluth.

You can fish for free in Florida if you're age 60 or over. Used to be that way in Minnesota too, but over the years the minimum age went up-and up-and up. Now, it's 90! I'll be lucky, assuming I ever reach that age, that I even would know what a fishing rod is for.

Florida doesn't have to worry about winter driving conditions. In Minnesota, for the first couple of significant snowfalls every year (November, sometimes earlier) the freeways around the Twin Cities Metro resemble gigantic pinball games.

People are NICE in Florida (most of the South, actually). I never tire of waitresses or store clerks calling me "sweetie", "honey", etc. Some of them actually hug you. Back in Minnesota, often as not, a query directed to a waitress or store clerk gets you a two-word reply with irritation peeking out from just below the surface. Don't see that in Florida.

There are no words in Floridian (Floridese?) for snow shovel, ice scraper, or driveway salt.

One of the favored festive dishes in Minnesota is lutefisk (A.K.A. "Sewer trout"). Florida food on the other hand is not so repulsive that you have to pretend you love it just so your host isn't insulted.

"Stand your ground" is far better than "turn around and run like hell".

Temperatures in Florida are just numbers. In Minnesota, often as not from November through April, when the guy on the radio gives the local temperatures they are always prefaced with either "above" or "below" zero.

You don't have to chop a hole through two feet of ice to go fishing in Florida.

There is no football team in Florida called the Minnesota Vikings.

Minnesota has some beautiful lakes. But you can only see them for half of each year; the rest of the time they resemble snow-covered fields.

Florida has visible, and apparently effective, law enforcement. In Minnesota--well, let's just say it is neither one.

Florida has a tremendous number of varied and authentic ethnic restaurants. In Minnesota "fine dining" is often as not limited to Applebee's or Red Lobster.

Probably many more such reasons. But we've been here for two years now and we're more convinced than ever that we made the right move.

[DAVES]

the criminal element knows that under the stand your ground law they may never have their day in court

I suggest you find out what the LAW is.

[BigSteph]

As a former Virginian of 50+ years, I also miss the grocery stores. Who knew that such a small thing could be so important down here.

Wegmans, Lidl, Food Lion, Publix, Kroger, Trader Joe's, Walmart Neighborhood Market, Fresh Market, Aldi, Farm Fresh, Save A Lot, Ellwood Thompson's, Tom Leonard's, Hannaford, and numerous 1-off groceries and foreign markets -- all within the same city.


As to whether you should stay a Virginian or claim citizenry in Florida -- I don't know. As far as I've seen, the homestead and No state taxes on earnings is really all I know that gives an advantage.

My wife and I feel that each state has unique ways to generate municipal and state revenues that offsets any alleged benefit touted by the state.

If I could have a second home back in Virginia, I'm no longer sure where I would want it to be. That would be a fun excercise considering the options....

Where do/did you live in Virginia?


Another great reason is that there is no personal property tax on cars, boats, riding lawn mowers, etc. One of the worst taxes ever. Also, no state income tax. The one thing I miss is Kroger. More reasonable grocery prices than Publix or Winn Dixie and discounts for gas.

[DAVES]

Another great reason is that there is no personal property tax on cars, boats, riding lawn mowers, etc. One of the worst taxes ever. Also, no state income tax. The one thing I miss is Kroger. More reasonable grocery prices than Publix or Winn Dixie and discounts for gas.

REMINDER-We've been here for going on ten years. Prices, used to be prices have gone up throughout the nation. Taxes are also universal. People want, government should.....
and they think someone but them should pay for it.

[Petersweeney]

The first rest
stop on 95 has free orange juice!

[Stu from NYC]

The first rest
stop on 95 has free orange juice!

Did they start that up again? For several years that was discontinued.

always liked stopping for the OJ.

[Rodneysblue]

I have been a Virginian all my life. My Florida friends have told me I should become a Florida resident. Is it really worth the change?

Just look at the Nor'easter pounding the north east today.:shocked:

[Toddy]

Lived in VIRGINIA for 52 years and moved here over 15 years ago. It’s cheaper here except for HOA fees. Fees used to be $125.00. They don’t call it HOA fees. There is another fee which was always included in house selling cost but not here. I call it infrastructure fee. Again it’s call something else. I think mine was around 4,000 or 14,000. Just don’t remember. Also be careful in signing contact. There is a little sentence that you that you agree to never sued them. Cross it out and initial. Construction is so sloppy and they won’t fix expensive repairs. My sewage pipe has a belly in it and collects everything until it clogs up. This pipe runs under the garage and will cost at least $5,000 to fix. Check all outlet to make sure all ground wires are connected. If they have the cheap push-pull water turn-off change them to regular water turn offs. Check to see if they really installed roof anchors in the attic to keep roof from blowing off during hurricanes. Just a few suggestions. Otherwise, this is a great place to live. Also, this place is run by a dictator. We had a really neat place for entertainment, dancing and food called Katy Bells. He closed it. Our country clubs are joke unless you are a golfer. Good junk food and beer after game. Don’t think our golf courses are in great shape. It’s what I hear. I am not a golfer. Love it here. Most neighbors are nice. There is a group for everyone. We have over 3,000 groups. If not one for you, then you can start one. There are plenty of fun things to do. The entertainment at the squares shut down at 9:00. We like it here. There is many, many places to visit in Florida.

[jdulej]

Other than the politics of the state, which is an off limit topic, the two most glaring flaws in Florida are the lack of decent bread and decent pizza. I'm guessing it's the humidity, but not sure. We have been to all the pizza joints within 10 miles or so of TV - the best is mediocre. As for bread - none of the major supermarkets stock anything edible. Fresh Market has some half way decent loaves - their best might rate a 7. I thought that with all the urban east coasters retiring here, there would be a demand for quality, but I guess not.

[manaboutown]

I dearly love how LEOs handle situations in Central Florida. I once owned a 10 acre tomato farm in Polk County and appreciate how the the sheriff responded to an inquiry.

"I suspect the only reason 110 rounds was all that was fired was that's all the ammunition they had," Judd said. "We were not going to take any chance of him shooting back."

Officers shot suspect 68 times (https://www.kltv.com/story/5484012/officers-shot-suspect-68-times/)

[patfla06]

I grew up on Long Island by Jones Beach. It was really nice back then.
My Husband was a corporate transfer in 1997 when his company built a campus in Tampa.
Was the best thing ever to get out of NY/NJ. Moved to T.V. 8 years ago.
Son, who worked & lived in NYC moved to Miami 3 years ago.
So now the Grands are just 4 hours south on the turnpike.

Do not miss the snow, millions of people, traffic, commute to NYC,
Taxes, etc.

[Stu from NYC]

Other than the politics of the state, which is an off limit topic, the two most glaring flaws in Florida are the lack of decent bread and decent pizza. I'm guessing it's the humidity, but not sure. We have been to all the pizza joints within 10 miles or so of TV - the best is mediocre. As for bread - none of the major supermarkets stock anything edible. Fresh Market has some half way decent loaves - their best might rate a 7. I thought that with all the urban east coasters retiring here, there would be a demand for quality, but I guess not.

If you do not mind driving about 90 minutes south Mazzaro's has excellent crusty bread.

Pizza is not as good as NY but we have found places we enjoy.

[DaleDivine]

We lived in Va for 30 years and move here 2 years ago and so happy we did.

We lived in Virginia over 50 years. Moved here in 2014. Glad we did. Only drawback is wished we had moved here sooner...
:bigbow::bigbow:

[Villages Kahuna]

No state taxes… no state taxes… no state taxes!

[dewilson58]

No state taxes… no state taxes… no state taxes!

I heard something about this.
:MOJE_whot:

[golfing eagles]

Other than the politics of the state, which is an off limit topic, the two most glaring flaws in Florida are the lack of decent bread and decent pizza. I'm guessing it's the humidity, but not sure. We have been to all the pizza joints within 10 miles or so of TV - the best is mediocre. As for bread - none of the major supermarkets stock anything edible. Fresh Market has some half way decent loaves - their best might rate a 7. I thought that with all the urban east coasters retiring here, there would be a demand for quality, but I guess not.

So, in other words, two flaws and a MASSIVE positive.

[dhdallas]

I have been a Virginian all my life. My Florida friends have told me I should become a Florida resident. Is it really worth the change?

It is really worth it? Look at all you get!
Heat
Humidity
Snakes
Alligators
Cockroaches
Cubans
Big bugs: mosquitoes, fire ants, large flying roaches
Swamps
Hurricanes
Tornadoes
Sinkholes
Millions of tourists and snowbirds
Limited public transportation
Bad traffic and bad drivers
Higher crime rates
Inflated housing prices
Algae blooms
Mold
Expensive insurance costs
High sales taxes
Rising sea levels
Falling iguanas
Shark attacks (Daytona is the Shark Bite Capital of the World)
Yes, all this and more await you in beautiful sunny Florida!

[ThirdOfFive]

It is really worth it? Look at all you get!
Heat
Humidity
Snakes
Alligators
Cockroaches
Cubans
Big bugs: mosquitoes, fire ants, large flying roaches
Swamps
Hurricanes
Tornadoes
Sinkholes
Millions of tourists and snowbirds
Limited public transportation
Bad traffic and bad drivers
Higher crime rates
Inflated housing prices
Algae blooms
Mold
Expensive insurance costs
High sales taxes
Rising sea levels
Falling iguanas
Shark attacks (Daytona is the Shark Bite Capital of the World)
Yes, all this and more await you in beautiful sunny Florida!

Interesting list. But it all depends where someone comes from. Most of the items on the list are probably true, more or less, of most of the southern states. For the ones that aren't--well, to my mind it has been a good trade for me.

Heat and humidity? Took me about three days to acclimate to that. But it's all relative. The part of Minnesota where I come from has more 100 degree days per year than does The Villages, but we also had a LOT of cold. As in -30 or lower, with snow on the ground six months out of the year. And tornadoes? Tornadoes in Florida rarely reach F2: up where I'm from they get a whole heck of a lot bigger and more powerful. The St. Peter tornado, back in 1998, devastated the city of over 12,000 residents but what a lot of people don't realize is that the St. Peter storm was only one of SEVENTEEN tornadoes in that cell. And cells like that aren't all that rare.

The other stuff? Granted, the traffic can get exasperating and Florida certainly has more than it's share of bad drivers, but the number of drivers, real estate prices, etc. etc. reflect the fact that people WANT to be here. And I certainly cannot blame them for that.

[Bay Kid]

I will be keeping my home on the Chesapeake Bay, where I have been my whole life. I guess my question is it worth time to change residency to save money?

[jdulej]

So, in other words, two flaws and a MASSIVE positive.

If you have money this is an easy place it live. Not a great place, but easy living. If you are poor - whole different story

[Topspinmo]

I can from Oklahoma, the only thing better in Florida the weather IMO. Now if I lived out of the bubble away from coast costs maybe comparable?

[Bill14564]

It is really worth it? Look at all you get!

...
Yes, all this and more await you in beautiful sunny Florida!

22 items listed
1 read as bigoted and ignored
18 also apply to Va with six arguably worse in Va.

I haven't heard of alligators, shark attacks, or falling iguanas in Va so I guess you have a point there.

[rustyp]

I guess missed the part where OP said he has 2 homes.

I will be keeping my home on the Chesapeake Bay, where I have been my whole life. I guess my question is it worth time to change residency to save money?

I understood your question precisely in your original posting. It was about what is the advantage of changing primary residence on paper from Virginia to Florida not should you move to FL. Anyone following your postings over the years knows you have two homes and your love of your Chesapeake location (Bay Kid). As illustrated you can lead a horse to water but you can not make it drink.

[manaboutown]

I will be keeping my home on the Chesapeake Bay, where I have been my whole life. I guess my question is it worth time to change residency to save money?

Since many factors such as homestead exemptions and yearly real estate tax escalation limits need to be taken into consideration why not consult with an accountant who is knowledgable about FL vs. VA domicile financial pros and cons?

Some if not most states consider one's time spent there during the year as the major consideration of where one is domiciled. Other factors may outweigh this but the burden of proof may lie on the taxpayer.

Residency Status | Virginia Tax (https://www.tax.virginia.gov/residency-status)

States do not give up tax money without a fight! This "poor" guy's estate ended up paying tax to NJ when he was a resident of PA as he had homes in both states.

"Last week when the U. S. Supreme Court refused the harried estate executors a rehearing, implicitly approved was the first double state death-tax payment on record."

From: NEW JERSEY: Soup Relief - TIME (https://content.time.com/time/subscriber/article/0,33009,756285,00.html)

[manaboutown]

Florida Sheriff Says 'We Prefer' Homeowners Shoot Home Invaders - The Police Tribune (https://policetribune.com/florida-sheriff-says-we-prefer-homeowners-shoot-home-invaders/)

[Topspinmo]

It's flat.


There county called Hillsborough, it is not flat. You chose flat based on the koolaid….:1rotfl:

[Topspinmo]

I will be keeping my home on the Chesapeake Bay, where I have been my whole life. I guess my question is it worth time to change residency to save money?

Fine if you have money to burn/waste on taxes, which IMO worse kind of waste cause they are spending someone else’s money.

[Bay Kid]

Florida Sheriff Says 'We Prefer' Homeowners Shoot Home Invaders - The Police Tribune (https://policetribune.com/florida-sheriff-says-we-prefer-homeowners-shoot-home-invaders/)

Best reason so far!

[manaboutown]

Sheriff: If You Shoot an Intruder His Odds of 'Reoffending' Are Zero (https://www.breitbart.com/politics/2022/04/27/sheriff-if-you-shoot-intruder-odds-reoffending-zero/?utm_medium=social&utm_source=facebook&fbclid=IwAR0S5579qJTH9M2y9HAPcmesLIVhMJ5Qhn2NvLBUo LrTke44SHUDRvTk8Zo)