The Pros of Buying a Second Home in Florida
It's no secret that buying a second home in Florida is a popular option for a lot of people. So just what are the benefits of buying a second home in the Sunshine State?
One of the biggest benefits, of course, is that Florida has no state income tax. That's a major plus for anyone considering a second home purchase in Florida, especially if you are still working. When you buy a second home in Florida, you have the opportunity to establish residency here and take advantage of the favorable tax policies.
Another huge benefit is the homestead exemption. This caps your property tax increase, ensuring that your home's tax assessment isn't going to skyrocket.
The financial advantages of buying a second home in Florida are considerable, but the ultimate benefit is the lifestyle you'll enjoy in a beautiful coastal community like Sarasota. The amazing quality of life includes access to world-class arts, renowned restaurants, and, of course, the exquisite beauty of our Gulf coast.