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Old 09-17-2016, 05:12 PM
 
684 posts, read 521,745 times
Reputation: 500

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Quote:
Originally Posted by Spring Hillian View Post
Besides the lack of state income tax there are other financial benefits. Florida also does not assess an estate tax, or an inheritance tax. No portion of what is willed to an individual goes to the state.

Floridians do not pay taxes to the state on intangible goods, such as investments. Property taxes in Florida are some of the highest in the country, although there are several exemptions. Homestead Exemption on primary residence. $50,000. Widow(er) Exemptions of $500 are available to widows and widowers who have not remarried. Senior Citizen Exemptions are available in some counties. Veterans Exemptions exist in a number of different forms.

Car insurance national average $1325. Michigan $2738 (highest in US). Florida $1654.

For food costs go to PUBLIX.COM and check out the weekly flyer. Compare that to where you live now.
You can also create an on-line shopping cart adding your usual supermarket purchase and get the price to compare to your home store.

Initial Registration Fee $225.00 for cars. Fees - Florida Highway Safety and Motor Vehicles

You can also check utility rates by going to the utility websites to compare the KW/HR charges, water useage and sewer fees, etc.
Thanks for the good info!
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Old 09-17-2016, 05:49 PM
 
1,284 posts, read 1,738,657 times
Reputation: 687
We moved to Port St Lucie from the Western NY area five years ago...did extensive research on costs and the only thing I either didn't factor or was just off was Water/sewer costs .
Where we lived in NY the quarterly water/sewer was about 90-100 but here the Monthly rate is about 75.00
My auto insurance is about the same 320.00 6/months on a 2014!full coverage
Food costs here don't seem higher to us , Publix for sales/coupons and Aldi for other items ..
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Old 09-17-2016, 05:58 PM
 
2,104 posts, read 2,069,493 times
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Quote:
Originally Posted by RedneckRebel View Post
I think Wallet Hub would disagree with you, about FL having some of the highest property taxes in the country. According to their 2016 ranking (property taxes), Florida is comfortably in the middle

https://wallethub.com/edu/states-wit...y-taxes/11585/
Coming from the state ranked #51 on the chart above, everything here is a bargain. The only thing we found to be higher is the initial car registration. Insurance is about the same, sales tax the same, food the same, electric lower, no need for gas for heat, water/sewer same as sewer only in NJ, lawn care lower, cable/internet lower, property taxes half of NJ, no income taxes and no inheritance taxes.
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Old 09-17-2016, 07:01 PM
 
684 posts, read 521,745 times
Reputation: 500
Quote:
Originally Posted by Spring Hillian View Post
Besides the lack of state income tax there are other financial benefits. Florida also does not assess an estate tax, or an inheritance tax. No portion of what is willed to an individual goes to the state.

Floridians do not pay taxes to the state on intangible goods, such as investments. Property taxes in Florida are some of the highest in the country, although there are several exemptions. Homestead Exemption on primary residence. $50,000. Widow(er) Exemptions of $500 are available to widows and widowers who have not remarried. Senior Citizen Exemptions are available in some counties. Veterans Exemptions exist in a number of different forms.

Car insurance national average $1325. Michigan $2738 (highest in US). Florida $1654.

For food costs go to PUBLIX.COM and check out the weekly flyer. Compare that to where you live now.
You can also create an on-line shopping cart adding your usual supermarket purchase and get the price to compare to your home store.

Initial Registration Fee $225.00 for cars. Fees - Florida Highway Safety and Motor Vehicles

You can also check utility rates by going to the utility websites to compare the KW/HR charges, water useage and sewer fees, etc.
I added up the fees to get started in Florida with a car from out of state. I came up with:
---initial registration fee = $225
---registration fee for one year = $28
---original driver's license = $48
---new title = $77
---new license plate fee = $28

________________________
$406 total so far



Also need a VIN inspection and odometer reading (not sure where that is done, or if there is a cost).

VIN needs to be verified and I'm not sure if there is a cost for that (done at tax collector's office, plus notary cost).

Are there annual car inspections in Florida? (cost)

If car is less than 6 months old, add sales tax for difference between what sales tax was paid on car in another state and 6% (FL sales tax). More than 6 months old, no sales tax or use tax due.

Last edited by olderandwiser456; 09-17-2016 at 07:29 PM..
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Old 09-17-2016, 07:25 PM
 
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No state vehicle inspections
No charge for VIN verification , in St Lucie county there a police officer at the DMV to do that for you
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Old 09-17-2016, 07:25 PM
 
17,432 posts, read 10,504,982 times
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Quote:
Originally Posted by Spring Hillian View Post
OK - Thanks. Then I will state FL has property taxes higher than a few places ;-)
True, but housing costs are lower, so the actual out of pocket expense is not that bad. Example CA is usually about 1.6%, but home values on most areas are double or triple that of FL. Now where I currently live in TN the property taxes and home cost is real low.

BUT the cost to drive to the beach and stay in a motel/hotel far exceed the difference, in one trip.
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Old 09-17-2016, 08:36 PM
 
684 posts, read 521,745 times
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Quote:
Originally Posted by newred5 View Post
No state vehicle inspections
No charge for VIN verification , in St Lucie county there a police officer at the DMV to do that for you
Thanks!
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Old 09-18-2016, 04:35 AM
 
Location: Schaumburg, IL
34 posts, read 23,620 times
Reputation: 64
Default Illinois vs. Florida property taxes.

I have lived in Illinois for 36 years. Gosh Illinois ranks number 2 on Wallet Hub's list of property tax rates. Florida is a bargain in comparison as far as property taxes go. I have no plans to spend my golden years in the Land of Lincoln. Don't know if Florida will be my future home, but it ranks very high on my list of places to move to. Hopefully I will be moving out of Illinois in the next 4 to 5 years depending on family commitments keeping me in Illinois for now.
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Old 09-18-2016, 06:19 AM
 
Location: SW Florida
2,316 posts, read 1,837,992 times
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Well, we are not retired (we are semi retired though) and did 2 years of research before the move. The only cost higher then expected was our auto insurance. We had seen people comment about it being more but didn't expect it to be over double! The registration fee was high to however we knew that ahead of time. Our property taxes are a bit higher but not significantly. We had the same grocery budget here as we did in Ohio and are eating the same foods we love without issue. If you shop only at publix then yes maybe grocery will be more as they are higher priced we found (we go there for dessert occasionally, their chicken and deli area plus when they have sales on certain items). So grocery has not been a higher priced item - from research we were prepared for that category to increase but thankfully hasn't changed for us. Health insurance is the same but again we are younger to. We have not seen an increase in costs for utilities either, our home is about the same size as in Ohio and we run the AC constant of course here.
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Old 09-18-2016, 08:34 AM
 
Location: Niceville, FL
7,647 posts, read 16,033,018 times
Reputation: 7633
No sales tax on most foods (usual sodas and deli counter exception) and many medically necessary items in Florida. When we moved from Tennessee to Florida way back when, our grocery costs actually went down.
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