Higher Taxes Drive Higher Florida Prices!

Posted: June 16, 2018 | Source: www.mansionglobal.com

With higher taxes in northern U.S. states such as New York, Illinois, Massachusetts and Connecticut, more people are moving to Florida and driving up the price of luxury properties. According to Realtor.com, prices of Florida luxury condos and homes, defined as the top 5% of the market, are up 19% in the Sarasota area, 14% in Naples and about 9% in Fort Lauderdale.