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Despite those skyrocketing costs, here are seven financialreasons to stay in Florida.
This protects homeowners from sharp tax hikes, even as property values rise, he said.
Floridas lack ofstate income taxalso makes it financially attractive for high-net-worth individuals looking to purchase primary or secondary homes.
The lack of state estate and inheritance taxes further protects wealth transfer.
Retirees can live comfortably while enjoying Floridas warm climate, recreational opportunities andworld-class healthcare facilities.
Additionally, it has alow corporate tax rate(5.5%) and fewer regulatory financial burdens.
He pointed out that more competition among providers equals better prices and better quality.
We see this clearly in the pricing data forhome care services and innovationsthat are happening in the state.
The statesentire economic ecosystemis optimized for making retirement dollars go further.
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