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

I heard something about this.
:MOJE_whot:

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

Many advantages
 

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.

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?

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

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?

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.

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.

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

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

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

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

Best reason so far!