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Out-Of-State Buyers Are Flocking To South Florida

Out-Of-State Buyers Are Flocking To South Florida

Last years tax law that capped deductions is causing residents from high-taxed states to migrate

Governor Andrew Cuomo made headlines this week when he revealed that a $2.3 billion budget shortfall in NY was due to people fleeing the state in favor of better (tax) climates like Florida.

The recent tax law is spurring residents to leave high-taxed state since the new deductions law has removed a significant tax relief mechanism that didn’t matter before.

Click here to read the full article.

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Taylor A.

Fort Lauderdale real estate blogger.

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