So, why are real estate taxes so high in Palm Beach County and percieved to be in Florida?
Short answer: They’re NOT!
I help people moving here all the time and they universally have sticker shock at the property taxes. Why are the taxes so high Chris? Well, for starters Florida does NOT have a personal income tax and the it costs $ to have all the stuff like police that we like having around. But Florida does not have a personal income tax. If one makes 150k in Connecticut they pay 6%, Massachusetts is 5%, New Jersey 6.37% and New York 6.41%. And if you live in one of the 5 boroughs of NYC then you add the city tax to that.
If you live in NYC then you would come back with the fact that NYC has low real estate taxes but in more typical places like Fairfield Connecticut then the residential millage rate is 26.79 and that is 43% HIGHER than Jupiter at 18.72, and 35.9% higher than Palm Beach Gardens at 19.72.
So stop griping. Move to Florida and avoid paying the state income tax and pay less for your real estate taxes. BTW, it’s warm here too.
