Why people are moving from Florida? Where are they going?

Property tax relief is the Florida Legislature’s top priority this spring. And a new package of bills in New Jersey, if approved, would give a tax credit of up to 20 percent to homeowners and cap annual local tax increases at 4 percent — despite the predicted deficit.

“People are reacting to the large increases in assessments that took place over the past few years and looking to cut property taxes,” wrote Iris J. Lav, deputy director of the Center on Budget and Policy Priorities, a liberal research and advocacy organization. “If assessments stagnate or decline, however, the cuts could seriously overreach.” Gov. Charlie Crist of Florida is among officials across the country who dismiss that notion, saying that reducing property taxes would fatten consumers’ wallets and dissuade them from leaving the state.

Census data show that fewer people than usual moved into Florida last year. And an abrupt halt in the growth of public school enrollment this year suggests that families are leaving. Despite dropping prices, communities like Naples, Miami and Sarasota still have some of the most overvalued real estate in the nation, according to Global Insight, a research firm in Waltham, Mass.

“People are packing up the equity and moving to North Carolina"

For information on relocating to North Carolina, Homes for sale, Land for sale and new developments, call Rae Shatto 888-277-2006 x2 or email us.