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I see a lot of people say they’re moving to a no-income tax state, but don’t you just make up the difference in fixed taxes like property tax? Maybe California
by ericmay 5y ago
I see a lot of people say they’re moving to a no-income tax state, but don’t you just make up the difference in fixed taxes like property tax? Maybe California and/or New York are specifically bad in ways I’m not aware of.
- scarface74 5y agoProperty taxes are also below average in Florida. A booming tourist industry does wonders.
- ericmay 5y agoDoes the federal government subsidize flood insurance in Florida too? Wonder if that rug will ever get pulled.
- throwaway6734 5y agoYes. Federal flood insurance rates are set to rise to more reasonable levels over the next few years and people are already complaining
- pilotneko 5y agoFor what it’s worth, I live in a no-income tax state (Tennessee). I didn’t move here, I just grew up here. We have some of the lowest property taxes in the country for metropolitan areas: I pay around $2,500/yr in property taxes for my home within the city limits of Nashville. The downside is that the city has very little income for infrastructure improvement/upkeep and education.