New York City residents and business owners, brace yourselves.
The ink is barely dry on Mayor Zohran Mamdani’s preliminary FY2027 budget, and he’s already floating a 9.5% across-the-board property tax rate increase — a “last resort” that would slam more than 3 million homes, co-ops, condos, and over 100,000 commercial buildings. That’s not a typo. If Albany won’t give him the wealth-tax hike he campaigned on, every New Yorker who owns (or rents from someone who owns) real estate is about to feel the pain.
Renters? Your landlords will pass it straight through in higher rents.
Homeowners? Expect thousands more per year on your bill.
Businesses? Commercial properties get hit just as hard — right when you’re already battling sky-high operating costs.
Meanwhile, 1,200 miles south in Vero Beach, Florida, the conversation is the exact opposite.
The Florida House just passed a historic proposal (HJR 203) that would let voters decide in November 2026 whether to eliminate virtually all non-school property taxes on homesteaded primary residences. Governor DeSantis is backing major homestead relief too — including bigger exemptions and immediate rebates. Vero Beach city leaders are already holding special meetings to plan for the day when local homeowners could pay zero in city/county property taxes on their primary home (school taxes remain).
Yes, you read that right. While NYC is preparing to raise taxes, Florida is preparing to slash or eliminate them.
The Florida Financial Trifecta That Makes New Yorkers Jealous
Florida doesn’t play games with your money:
- No state income tax
- No city or county income taxes
- No state estate or inheritance taxes
That’s the legendary “Florida Trifecta.” Keep every dime you earn. Pass every dime you’ve saved to your kids and grandkids with zero state bite. Combine that with the potential elimination of homestead property taxes and you’re looking at life-changing savings.
Business owners — especially those in finance, tech, consulting, or any professional services — are discovering Florida is rock-solid. Predictable regulations. Pro-business leadership. No surprise tax bombs. Your bottom line stays in Florida, not Albany.
Vero Beach Real Estate vs. New York City: The Numbers Don’t Lie
In Manhattan or Brooklyn, you’re paying millions for a condo or townhouse and still getting crushed by property taxes, state income tax, and the constant threat of more hikes.
In Vero Beach on the Treasure Coast?
- Stunning oceanfront estates and Intracoastal waterfront mansions routinely sell for a fraction of comparable New York luxury — often with private docks, pools, and direct beach access.
- Barrier Island homes in 32963 zip code give you that Hamptons feel without the Hamptons price tag or taxes.
- Median single-family home prices are dramatically lower, inventory is moving, and Northeast buyers (especially from New York) are already flooding the market.
These aren’t “Florida retirement” homes. These are turnkey luxury properties where hedge-fund managers, executives, and entrepreneurs from New York are quietly relocating full-time or establishing second homes.
Add in 72-degree winters, uncrowded beaches, world-class golf, boating, and an airport that’s expanding — and the lifestyle upgrade is ridiculous.
The Mamdani Effect Is Already Happening
Real estate agents on the Treasure Coast are reporting a surge in inquiries from New York right now. The “Mamdani Effect” is real: every time Albany or City Hall threatens another tax grab, another wave of high-net-worth New Yorkers starts searching “Vero Beach luxury homes.”
Don’t wait for the final budget vote in June. Don’t wait for the November ballot in Florida.
If you own property in New York City — residential or commercial — the clock is ticking. Every month you stay means more money out the door in taxes that could be saved forever in Florida.
Ready to Make the Move?
Vero Beach isn’t just a tax haven. It’s a lifestyle upgrade with financial superpowers.
Whether you’re relocating your family, your business headquarters, or simply protecting the wealth you’ve built in New York, the Treasure Coast is waiting.
The new mayor of New York just made the decision easier than ever.
Florida isn’t just cheaper. It’s smarter.
Contact a Vero Premier Properties and start comparing real numbers for your specific situation. The homes above? They’re not dreams — they’re available right now.
Your future self (and your accountant) will thank you.
Written for New Yorkers who are done paying for other people’s promises.
Welcome to Vero Beach — where the only thing rising faster than your savings is the sun over the Atlantic.
Click here to view luxury homes and condos in Vero Beach
