See roughly how much you'd keep every year by leaving New York, New Jersey or Connecticut for Florida — no state income tax, no city tax, no estate tax.
Your Home Today
$
Your Florida Savings
$0
saved every year
5 years
$0
10 years
$0
30 years
$0
if you invested the savings each year ★
That's a ballpark from your address.
Want it accurate? Add your real income, business, retirement & more.
Make It Accurate
Income & household
We estimated your income from the house. If you know the real number, put it here.
$
Business income
Own a business? Florida has no personal income tax and a low corporate rate.
$
Retirement income
Florida doesn't tax pensions, 401(k)/IRA withdrawals, or Social Security.
$
One-time events
Florida taxes neither capital gains nor estates. Big when you sell a business or pass it on.
$
$
Property tax assumptions
Where the money comes from (every year)
State income tax, gone in FL$0
City income tax, gone in FL$0
NYC business tax (UBT), gone in FL$0
Corporate tax savings (vs FL 5.5%)$0
Property tax difference$0
Total yearly savings$0
One-time savings
These happen once — when you sell, or when your estate passes on.
Capital-gains tax avoided$0
Estate tax avoided$0
May 2026 — Florida
Florida is moving to wipe out property tax
Gov. DeSantis called a special session (week of June 1, 2026) on his “Save Our Homes from Excessive Property Taxes” plan: the homestead exemption jumps from $50,000 to $250,000 right away, with a path to full elimination. At $250k roughly 60% of Florida homes pay zero property tax; at $500k it's about 92%. Voters decide in November 2026. Use the “DeSantis plan” option above to see your number under it.
What's different in Florida
+No state income tax. New York tops out at 10.9%, New Jersey 10.75%, Connecticut 6.99% — Florida is 0%.
+No city income tax. New York City adds up to 3.876% on top of the state. Florida cities add nothing.
+No tax on your business income. Pass-through owners (LLC/S-corp) pay 0% personal state tax. NYC's 4% Unincorporated Business Tax disappears too.
+Low corporate tax. Florida is 5.5% (first $50k exempt) vs New Jersey's 11.5% — the highest in the nation.
+No tax on retirement. Pensions, 401(k)/IRA withdrawals and Social Security are all untaxed in Florida.
+No capital-gains tax. Sell a business or stock and the state takes nothing — up north it's taxed as ordinary income.
+No estate or inheritance tax. New York taxes estates over ~$7.35M (with a brutal “cliff”), Connecticut over $15M, New Jersey has an inheritance tax. Florida has none.
+Lower property tax, getting lower. Florida's homestead exemption and 3% Save-Our-Homes cap already help; the new plan could remove it entirely.
−One honest trade-off: Florida home insurance runs higher than the Northeast because of hurricane risk. We factor that into your real-world plan.
How this is calculated
If you don't give us your income, we estimate it from the house: finance 80% on a 30-year mortgage, and under the 38% debt-to-income rule that payment implies the minimum household income to qualify. We apply real New York (and city, where it applies) income-tax brackets to that income — all of which drop to $0 in Florida. Federal income tax is the same in both states, so it is never counted as a saving. Property tax compares your home-state effective rate against your chosen Florida county and homestead scenario. Business, retirement, capital-gains and estate figures use each state's published rates. Everything here is a rough estimate for illustration, not tax advice.
★ The 5, 10 and 30-year figures aren't just your savings added up — they assume you invest each year's savings in the stock market and let it grow at the S&P 500's long-run average of about 10% per year. Markets go up and down; this is an illustration, not a promise.