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The Secret to Why are there so many luxury Homes in Florida?

Yes, the weather, gorgeous beaches and warm sand have something to do with it!

But so do these two words “Homestead Exemption”.  Yes, most US States have some sort of Homestead exemption to protect your primary residence from vultures.

But out of all 50 States, Florida has the best Homestead exemption in the Country, as it covers 100% of your home value. Attracting many wealthy families from States. Practicing a State taxation system, disillusioned by the amount of taxes they pay.

The one thing that many people don’t know, is that out of all these wealthy migrants, roughly 50% will not stay in Florida to reside, however, many keeps their residence and relocate to another elsewhere.

The only body who can ultimately get through to your Homestead in Florida is the Taxman, creditors can lien your property, but none of your creditors can force the sale on your homestead in the State of Florida.