How Florida Borrowers Can Reduce Mortgage Taxes

By Gary Kaleita (September 29, 2021, 5:57 PM EDT) -- Florida continues to attract many new residents and companies to the state, in part due to its lack of a state income tax, except on certain types of business entities.

According to the state's Office of Economic and Demographic Research, almost 330,000 new residents settled in Florida between April 2020 and April 2021. The website move.org reported that Florida was the primary destination for Americans relocating in 2020. These trends are expected to continue through 2025.

The influx of new residents and companies has resulted in a significant increase in development activity involving residential subdivisions, apartments, retail centers, office buildings and...

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