Moving from New Jersey to South Florida
New Jersey owners weighing a Florida residence usually start with taxes and end with lifestyle. Here are the published rules for both states, and live prices from our South Florida search.
The rules that matter
Florida does not levy a personal income tax on individuals.
Source: Florida Constitution, Article VII, Section 5; Florida Department of Revenue
Florida does not impose a separate state estate tax or inheritance tax.
Source: Florida Department of Revenue
A permanent Florida resident who owns and occupies a home as of January 1 may claim a homestead exemption of up to $50,000 of assessed value.
Source: Florida Constitution, Article VII, Section 6; Section 196.031, Florida Statutes
The homestead application is filed with the county property appraiser by March 1 of the year you claim it.
Save Our Homes caps the yearly increase in a homestead's assessed value at 3% or the change in the Consumer Price Index, whichever is lower.
When you move from one Florida homestead to another, up to $500,000 of the Save Our Homes benefit can be transferred (portability).
The rules you leave behind
New Jersey's top gross income tax rate is 10.75%, on income over $1 million.
Source: New Jersey Division of Taxation
New Jersey repealed its estate tax for deaths on or after January 1, 2018, but its inheritance tax still applies to transfers to some beneficiaries.
Source: New Jersey Division of Taxation
Tax rules as published for tax year 2025. Tax law changes and residency rules turn on your facts; confirm with a CPA or tax attorney before you act. Atlantic Luxury Advisors does not give tax or legal advice.
What homes cost here today
Active residential listings for sale, refreshed every few hours.
- For sale:
- 1,833
- Median asking:
- $564,900
- Avg. days on market:
- 97
Golf, country club and waterfront choices in one city.
- For sale:
- 649
- Median asking:
- $849,000
- Avg. days on market:
- 93
Golf communities and newer construction.
- For sale:
- 606
- Median asking:
- $799,000
- Avg. days on market:
- 94
A relaxed coastal town with boating on the Loxahatchee and Intracoastal.
How life changes
- Nonstop flights connect Newark with Palm Beach, Fort Lauderdale and Miami; check current schedules for your routes.
- Golf and country club communities offer the club life many New Jersey buyers already know, with year-round play.
- Oceanfront and Intracoastal condos suit owners who want to lock the door and travel.
Take the New Jersey guide with you.
Every tax rule on this page with its source, today's live prices in the towns to start with, and the lifestyle notes, in one printable PDF.
Ready to look? Search homes for sale or talk to Anthony.