Roof difference: Tile vs. Asphalt Cost in Viera FL

[kyle19125]

Originally Posted by City Guy997S

The no income tax thing is really weak.............If someone is retiring to a small home/condo the income tax savings would be eaten up in the insurance costs instantly. Think about it, what would a retiree pay income tax anyway? Lets imagine FL has a 5% flat income tax and a retiree lives on a 36K pension......$1800 in tax due.

Majority of the damage from a hurricane is flooding? In 45+ years of living here I'd disagree. But while your on the subject of flood insurance, its worth noting that the insurance has a limit of $250,000 for a payout.

I can't rep you enough.

It's mind-boggling to see/hear so many moving here on that premise alone (no income tax), without factoring against other costs.

Keeping the duh in Floriduh I suppose.

[City Guy997S]

Originally Posted by kyle19125

I can't rep you enough.

It's mind-boggling to see/hear so many moving here on that premise alone (no income tax), without factoring against other costs.

Keeping the duh in Floriduh I suppose.

No tax is great if you make 2mm a year..............but if you are a retired blue collar worker it won't mean much when you factor in all the other increases. Long term it could make a difference if you have a long career ahead of you but if the wage is less it won't matter (like NY teacher vs. FL teacher)

7 states have no income tax.........It's not like Florida is unique.

[BrevardREALTOR]

I completely agree. For retirees no income tax is not very helpful. I wasn’t trying to imply it makes up for the high insurance, just that it’s one of many factors to consider.

I haven’t personally needed to make a claim for hurricane damage so my information is second hand. My understanding is insurance companies classify a majority of hurricane claims as flood, whether that’s accurate or not. I am happy you’ve witnessed different, because as you stated flood insurance is very limited.

Originally Posted by City Guy997S

The no income tax thing is really weak.............If someone is retiring to a small home/condo the income tax savings would be eaten up in the insurance costs instantly. Think about it, what would a retiree pay income tax anyway? Lets imagine FL has a 5% flat income tax and a retiree lives on a 36K pension......$1800 in tax due.

Majority of the damage from a hurricane is flooding? In 45+ years of living here I'd disagree. But while your on the subject of flood insurance, its worth noting that the insurance has a limit of $250,000 for a payout.

[City Guy997S]

Originally Posted by BrevardREALTOR

I completely agree. For retirees no income tax is not very helpful. I wasn’t trying to imply it makes up for the high insurance, just that it’s one of many factors to consider.

I haven’t personally needed to make a claim for hurricane damage so my information is second hand. My understanding is insurance companies classify a majority of hurricane claims as flood, whether that’s accurate or not. I am happy you’ve witnessed different, because as you stated flood insurance is very limited.

Flood is rising water only...........that's it.

If the roof rips off and rain fills your house that is hurricane damage. If a window blows out and your house has water blown in, that is again hurricane damage.


On the tax thing, even if you make 100K a year and you came from a 5% rate state you save $5000 living in Florida. I'd suspect the property tax increase, car/house insurance increases would exceed the $5000 you saved. Unless you are moving from the Jersey Shore or somewhere else that insurance is overpriced.
But if you move from Kansas you would likely prefer to pay the income tax and save on the other costs.

[SuiteLiving]

Originally Posted by City Guy997S

Flood is rising water only...........that's it.

If the roof rips off and rain fills your house that is hurricane damage. If a window blows out and your house has water blown in, that is again hurricane damage.


On the tax thing, even if you make 100K a year and you came from a 5% rate state you save $5000 living in Florida. I'd suspect the property tax increase, car/house insurance increases would exceed the $5000 you saved. Unless you are moving from the Jersey Shore or somewhere else that insurance is overpriced.
But if you move from Kansas you would likely prefer to pay the income tax and save on the other costs.

Doesn't have to be the shore, NJ isn't great for insurance everywhere. When I moved to FL from a south Jersey town just outside of Philadelphia, my car insurance dropped and my real estate taxes (for a similar value home) dropped from $13k to $4k. Homeowners is tough to compare because I'm now in an oceanfront condo instead of a SFH inland but between what I pay for my insurance plus my pro rata share of the association's insurance the increase is going from $1,500 in NJ to about $3,500 in FL. So those costs are significantly less in FL.