Moving from the Northeast to South Florida
From Connecticut and Pennsylvania to New York, New Jersey and Massachusetts, the Northeast is the largest source of buyers we meet. This guide gathers each state's published income and estate tax rules next to Florida's, with live South Florida prices.
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 York State's top personal income tax rate is 10.9%.
New Jersey's top gross income tax rate is 10.75%, on income over $1 million.
Source: New Jersey Division of Taxation
Massachusetts taxes most income at 5%, plus a 4% surtax on taxable income above an annually adjusted threshold of just over $1 million.
Connecticut's top personal income tax rate is 6.99%.
Connecticut imposes a state estate and gift tax.
Pennsylvania taxes personal income at a flat 3.07%, and many municipalities add a local earned income tax.
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:
- 223
- Median asking:
- $2.50M
- Avg. days on market:
- 153
The established estate island.
- For sale:
- 1,833
- Median asking:
- $564,900
- Avg. days on market:
- 97
The widest range of luxury options.
- For sale:
- 606
- Median asking:
- $799,000
- Avg. days on market:
- 94
Boating and a relaxed coastal town.
How life changes
- Nonstop flights connect the major Northeast airports with Palm Beach, Fort Lauderdale and Miami; check current schedules for your routes.
- Many buyers start seasonal and establish Florida residency later; the homestead rules reward planning the date.
- Golf, beach and yacht clubs anchor the social calendar in many communities.
Take the the Northeast 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.