Florida has no individual state income tax, but that is only one line in a moving budget. Compare your own income-tax situation with the housing, insurance, transportation and local-tax costs of the specific Florida home you are considering. A statewide “typical savings” figure is not a reliable substitute for that comparison.
Property tax is parcel-specific. For an eligible permanent residence, Florida Statutes §196.031 provides a first homestead exemption of up to $25,000 of assessed value for school and other ad valorem levies. The additional inflation-adjusted exemption applies only to assessed value above $50,000 and to non-school levies. It does not automatically reduce every assessment by a flat $50,000. The Department of Revenue lists a 2026 maximum additional amount of $26,411; actual benefit depends on eligibility, assessment and local millage.
Ask the county property appraiser for a buyer estimate on the parcel, rather than copying the seller's capped bill. Then add current insurance quotes and other recurring costs. For the calculation and Save Our Homes limits, read the full Florida property-tax guide. This is general research, not personalized tax advice.