One of the notable advantages for residents in the Sunshine State is the absence of a state income tax. However, this doesn't exempt them from the responsibility of property taxes. November serves as a reminder to tap into online portals provided by tax collector offices, facilitating convenient payment options for property taxes. 

Senate Bill 264 marks a significant development in Florida's approach to foreign ownership of real property.

This new law sets some distinct requirements on the timing and type of interests foreign principals may maintain, if at all, in certain Florida real estate.