Travel and Leisure Travel and Leisure
Thu, May 15, 2025
[ Today @ 07:25 AM ] - BBC
Aston Villa v Tottenham Hotspur
[ Today @ 06:44 AM ] - Fortune
Top CD rates today, May 15, 2025
[ Today @ 06:25 AM ] - BBC
Leicester City v Ipswich Town
[ Today @ 06:06 AM ] - fox6now
Expert travel advice
[ Today @ 04:51 AM ] - WBRE
All new tonight on 28/22 News at 11

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


Published on 2025-05-15 06:46:41 - Fortune
  Print publication without navigation

  • Moving to Florida is "just not tax free."

The article from Fortune discusses the unexpected financial burdens faced by wealthy Florida residents due to rising condo assessments. These assessments, which can reach into the tens of thousands of dollars, are necessary for funding repairs and maintenance mandated by new state laws following incidents like the Surfside condo collapse. The costs are particularly burdensome in luxury buildings, where residents are now facing significant special assessments on top of their regular maintenance fees. This situation has led some owners to sell their properties at a loss or struggle to pay the unexpected expenses, highlighting a broader issue of aging infrastructure and the financial implications for condo owners in Florida.

Read the Full Fortune Article at:
[ https://fortune.com/article/wealthy-florida-surprise-costs-condo-assessments/ ]