Florida Relocation Savings Calculator
No state income tax is one column of the comparison. This fills in the others.
What This Calculator Does
Starts from the state income tax you currently pay, deducts the higher insurance premium and the reset property tax bill waiting for you in Florida, and turns whatever survives into extra monthly cash flow — and into the additional mortgage capacity that cash flow will support.
Who Is This For
Households heading to Miami from a high-tax state, remote workers comparing markets, and anyone who has heard the phrase no state income tax and wants to know its real value once the rest of the ledger is filled in.
How It Works
Provide household income and your current state income tax rate, followed by insurance and property tax estimates for the Florida property under consideration. The result is your net monthly change and the mortgage amount that change would carry at current rates.
Frequently Asked Questions
Is there really no state income tax?
There is not. Florida imposes no personal state income tax and the state constitution forbids one. For a household leaving a state with a meaningful income tax, this is the largest single line in the comparison and it is genuinely permanent.
Then why does my budget still feel tight?
Two costs run the other way. Florida homeowners insurance is the most expensive in the country — near $6,000 a year statewide on a $300,000 dwelling and roughly $12,000 in Miami-Dade according to 2026 market studies. And your property tax is computed on your purchase price once the assessment resets, not on the seller's capped bill.
What exactly happens at the property tax reset?
Florida re-values a property at market on the January 1 following a sale. The seller's Save Our Homes cap ends with their ownership, so a long-held home can carry a tax bill far beneath what the new owner faces. Budget from your price rather than from the listing's tax history.
How do savings become mortgage capacity?
Each dollar of net monthly saving supports additional principal and interest. With 30-year rates running around 6.6-6.7% in mid-2026, the calculator converts your monthly surplus into the loan amount it services — the clearest way to read the move in housing terms.
What other Florida costs should I plan for?
Condo association dues have risen across South Florida since reserve funding became mandatory, flood coverage is a separate policy priced by address, and closing costs include documentary stamp tax on the deed. None of it is hidden, but all of it belongs in the comparison before you commit.
When does the move stop paying?
When the insurance and tax load on the specific house you want outweighs the income tax you stop paying. That happens most often on coastal property with high replacement cost and high flood exposure. Run the numbers on the address, not on the state.