Moving from Connecticut to the Space Coast

Connecticut's property tax rate averages 2.1% — the fifth highest in the nation. State income tax runs 3% to 6.99% on retirement income. Florida has neither. A CT retiree moving to Brevard County saves $7,000–$11,000 per year in combined taxes. Over two decades, that is your grandchildren's college fund.

The CT-to-Brevard Tax Math

On a $400,000 home: Connecticut property tax ~$8,400/year. Brevard County with homestead ~$3,300/year. Property tax savings: $5,100/year. Add income tax savings of $2,000–$5,500/year (CT taxes pension income, Social Security above certain thresholds, and retirement withdrawals). Combined annual savings: $7,100–$10,600.

Connecticut does exempt Social Security for filers under $75K (single) or $100K (joint) in AGI, and provides a partial pension/annuity exemption. But above those thresholds, CT taxes everything. Florida taxes nothing. For higher-income retirees — dual pensions, significant 401(k) distributions — the income tax savings alone can exceed $6,000/year.

What CT Buyers Should Know

All Space Coast Communities | Tax Guide

Moving from Connecticut?

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