When we leave OK. on 11/16 we are headed to FL. to establish residency.
Any info would be helpful.
Ron
Hope you have looked into the TAXs there. Importing automobiles/RV's from another state big tax, just for starters. Full of newly weds and nearly dead's and my X-wife.
Fairly high real estate taxes on land and house, but no income tax, no personal property tax, 7% sales tax. No cap on sales tax like some states. I have a home in Jacksonville, FL and fortunate to have a mountain home in NC as well. What else would you like to know?
And no import tax on a vehicle older than six months. Used to be but was determined unconstitutional.
Looks like the only possible negatives are Sales, Property taxes and hurricanes. I still plan to travel outside of Florida 6-8 months a year. So just avoid Florida in Sept-Oct and Oklahoma Apr-May and I should be good.
You may want to read up:
Establishing Domiciles:
http://ddwt.us/ourarticles-best_domicile_state_for_full-time_RVers.htm
Texas (TX), South Dakota (SD), and Florida (FL) are the most popular states for full-timers mainly because 1) they are no income tax states (and retirement income is not taxed), 2) there is no personal property tax on vehicle values, 3) there is no estate or inheritance tax, and 4) they have great mail forwarding services that make it easy to establish residency.
Alaska (AK), Wyoming (WY), Washington (WA), and Nevada (NV) are also "no income tax" states and have similar benefits to the top three TX, SD, and FL -- they just aren't as popular. For some, depending on individual situations, they may be better.
Tennessee (TN) and New Hampshire (NH) are also "no income tax" states in that they don't tax "earned income", but they do tax dividends and interest which can be an issue for those relying on that type of retirement income.
Even though there are 9 states total that are "no income tax" states, some states provide special tax benefits to military retirees. The complete list of states that do not tax retired military pay are: Alabama, Alaska, Florida, Hawaii, Illinois, Kansas, Kentucky*, Louisiana, Massachusetts, Michigan, Mississippi*, Missouri*, Nevada, New Hampshire, New Jersey, New York, North Carolina*, Ohio, Oregon*, Pennsylvania, South Dakota, Tennessee, Texas, Washington, Wisconsin and Wyoming. (*With conditions)
Florida Domicile:
https://ronwebster.com/content/making-florida-your-domicile
https://www.escapees.com/resource-center/domicile-info/florida-domicile-information
Texas Domicile:
https://escapees.com/support/mail-service?id=199
South Dakota Domicile:
https://www.escapees.com/fun/hops/12-public/222-south-dakota-domicile-information
Car insurance is higher than my home state of Illinois
Car insurance is higher than my home state of Illinois
That alone would be very discouraging...
We've had "Insurance" discussions" on this site already (and each will have a different circumstance), but Texas is not that cheap due to those who carry no insurance at all and the hail storms. You HAVE to get "Un-Insured" protection for sure.
One day, maybe it will go to Insurance to protect yourself only. I think they call it No-Fault Insurance in Indiana (we used to live there). You protect yourself and the other individual does the same. There are still suits, but in the end, your insurance pays for your claim.
As with all insurance plans, there are good and bad things with this strategy. If all you can afford is a minimum liability policy, then you may not get enough to cover the accident. But, in the end, (looking thru the hour glass), it would seem that this method keeps insurance premium down. It's been a long time since we last lived there and things may have changed. At the time, I was on the bad end of that stick as back then, I only carried a minimum policy. It did not make a dent in the overall hospital charges.
Ron, I would strongly encourage you to compare vehicle insurance as part of your decision. When I compared, Florida was winning hands down until I factored insurance rates. We went with South Dakota. They cater to full-timers (we are officially classified and recognized by the state as "nomads") and you have to spend one night every 5 years to maintain residency. No vehicle inspections, personal property or wheel tax, and 4% sales tax if we ever decide to upgrade rigs.
Difference in Oklahoma & Florida insurance is + $500 yr. This is with Geico my current insurer. Not bad considering Oklahoma is one of the lowest cost.
Not bad! I've never been able to compare GEICO even though I was a government employee because of the Model T. With GEICO if you own a vehicle they won't insure, then they won't insure any of your vehicles - that is, unless something changed in the last 10 years.
Not bad! I've never been able to compare GEICO even though I was a government employee because of the Model T. With GEICO if you own a vehicle they won't insure, then they won't insure any of your vehicles - that is, unless something changed in the last 10 years.
Did you try USAA? They now insure trailers/5th wheels. I find them the lowest in our situation.
I'm not a veteran. My son is a Navy vet but so far USAA won't permit parents of veterans to join. Would love to see that change.
