The rich flocked to Florida. Then property taxes and condo assessments caught them by surprise

Quick Summary:

In recent years, an influx of ultra-wealthy individuals have decamped to Florida in search of warmer weather and a smaller tax bill.

The assessment, in particular, has complicated matters for potential Florida transplants, says Silva.

From Jeff Bezos to Bethenny Frankel, celebrities and billionaires alike have made the move, spurred by the lack of state and estate taxes and the promise of a sunnier lifestyle.

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Article Details

Author / Journalist: Alicia Adamczyk

Category: EconomyBusiness

Markets: United States

Topics: Taxes Florida Wealth management Wealth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 10:01:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 631 words

Reading Time: 4 minutes read

Sentences: 5 lines

Sentence Length: 127 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28728025

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 53 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #95

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