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Relocation guide · Updated October 2026
Moving to Florida from New York: taxes, homestead and keeping more of your money
Florida has no state personal income tax, a homestead exemption and a cap on assessed value increases for primary residences. Here's what New Yorkers should know, plus how a buyer rebate puts more back at closing.
$1,500,000 relocation purchase
$18,750
back at closing
Example at a 2.5% commission. Commissions are negotiable and vary by transaction.
Plan my move
Reviewed by Bryan Berns, Florida real estate broker (License BK3659524), licensed since 2011 · Updated October 2026Florida money basics for New Yorkers
No state income tax
Florida doesn't tax personal income. Leaving New York for good involves more than buying a home, so talk to a tax advisor about residency.
Homestead exemption
Primary residences can qualify for up to $50,000 in assessed-value exemptions. Apply with your county property appraiser by March 1.
Save Our Homes cap
After homestead, annual increases in assessed value are capped at 3% or inflation, whichever is lower.
Declaration of domicile
Many new residents file a Declaration of Domicile with their county clerk, along with a Florida driver's license and voter registration.
Where New Yorkers are buying
Palm Beach County, Naples, Miami and the Orlando lakes attract many New York buyers, from full-time relocations to second homes. Each area has very different insurance, HOA and club costs.
Explore West Palm Beach, Naples, Miami pre-construction and Windermere.
Every situation is different, and compensation is negotiable
Commissions are negotiable. Compensation on luxury homes is often lower than 3%, and on any purchase it is negotiated between the buyer, the seller or developer, and the brokers. Every situation is different, so we confirm the actual compensation, and your 50% rebate, in writing before you make an offer.
Moving from New York FAQ
Does buying a Florida home make me a Florida resident?
Not by itself. Residency depends on where you're domiciled, and New York may review it. Get advice from a tax professional.
Can I keep my New York home and claim Florida homestead?
Homestead requires the Florida home to be your permanent residence. Talk to a tax advisor about your situation.
Can I tour remotely?
Yes. We offer video tours and can manage much of the purchase remotely.
Plan your Florida move with a rebate
Tell us where you're moving and your timeline. We'll set up remote tours and confirm your rebate. Prefer a private conversation? Call or text and ask for a confidential consultation.
Faster: call or text
(407) 357-0357