2018 Tax Reform Has Tax Refugees Fleeing Massachusetts For The Sunshine State

FORT LAUDERDALE, Fla. (PRWEB) February 09, 2018

Homeowners in high-income tax and property tax states like Massachusetts are fleeing the northeast and selling their homes to relocate to Florida. Florida offers no personal income tax and significantly lower property taxes. Tony L. Smith PA is advising tax refugees relocating to Florida on Fort Lauderdale's competitive real estate market.

Tax reform analysis of a property owner in Massachusetts demonstrates how relocating to Florida can result in significant tax taxings.

Massachusetts

• Property Taxes $9,632
• State income tax: $4,485

Florida

• Property Taxes $7,170
• Florida has no personal income tax

2018 Tax Reform savings by relocating to Florida $6,947

Disclaimer: Readers should consult a professional CPA regarding their own personal income tax situation.

About Tony L. Smith, PA (Broker Associate):

Based in Fort Lauderdale, Florida, Tony is a buyer's agent at HomeBuyer Advisors LLC. Tony has been advising home buyers in real estate transactions in the Greater Fort Lauderdale area as a real estate broker associate. While honing his craft, Tony has earned the designation Accredited Buyers Representative (ABR) through the National Association of Realtors (NAR), he is also a member of the National Association of Exclusive Buyer Agents (NAEBA) and member designee of the Institute for Luxury Home Marketing (CLHMS). Tony enjoys representing homebuyers in the Greater Fort Lauderdale area throughout the home buying process. Tony is also a Florida licensed LCAM and Florida Notary.

Read the full story at http://www.prweb.com/releases/2018/02/prweb15182960.htm