Florida's Decline as a Tax Haven Prompts Residents to Relocate

Residents like Lorraine English are leaving Florida due to rising homeownership costs and frequent natural disasters. Despite its reputation for low taxes, the state now has some of the highest home insurance rates in the U.S., impacting long-term financial planning.

By Aditi Ganguly Sat, May 23, 2026 at 3:45 PM GMT+3 8 min read · Yahoo Finance ·

Florida's Decline as a Tax Haven Prompts Residents to Relocate

Topics: Homeownership costs Insurance rates Natural disasters Tax policy

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