In addition to a great climate, Florida also offers incredible tax savings, especially for retirees who don’t have to pay state taxes on their income. There is a very generous homestead exemption coupled with the Save Our Homes Act which caps the annual increase of a home’s assessed value at 3%. So retirees don’t have to worry about skyrocketing tax bills in an appreciating housing market as long as they file for the Homestead Exemption. Unlike most states, Florida does not tax heirs or your estate. Florida’s tax benefits contributed to the state’s #1 ranking in Wallethub’s 10 best states for retirement, with great scores for affordability and quality of life.
Florida residents receive discounts on many theme parks and other attractions, making it easy and affordable to enjoy new experiences and adventures. There are pristine sandy beaches, boating, nature trails teeming with diverse wildlife, bird watching, fishing, diving, and special events at a variety of local, state, and national parks showcasing tropical diversity found only in Florida. There are sports galore throughout the entire year! A few examples include horseriding events and adventures in Wellington, considered the winter equestrian capital of the world, tennis in Delray Beach, known for exciting opportunities at the Tennis Center, and championship golf courses at country club communities like Lago Mar near Fort Lauderdale.
