As we turn the page to 2026, many of us are re-evaluating our financial goals. For those looking to maximize their wealth while upgrading their lifestyle, the answer often points south—specifically to Florida’s Space Coast.

While the beaches, rocket launches, and riverfront sunsets are reason enough to move, the financial incentives are equally compelling. Florida has long been a tax haven, and 2026 offers a unique landscape for new residents. Whether you are eyeing a condo in Cocoa Beach or a family home in Melbourne, establishing residency here can mean keeping significantly more of your hard-earned money.

Here is why moving to Brevard County is one of the smartest financial moves you can make this year.

1. The "Zero Percent" Advantage: No State Income Tax

The headline benefit remains the strongest. In 2026, Florida continues to be one of the few states with 0% state personal income tax.

For high-income earners relocating from states like New York, California, or New Jersey, this creates an immediate "raise."

• Keep Your Salary: You are not losing 5%–13% of your paycheck to the state government.

• Protect Your Retirement: Florida does not tax Social Security benefits, pension income, or withdrawals from IRAs and 401(k)s.

• Investment Friendly: There is no state tax on capital gains or dividends.

Ocean to River Insight: If you sell a business or a high-value asset in 2026, doing so as a Florida resident could save you a fortune compared to doing it elsewhere.

2. The Homestead Exemption: Immediate Property Tax Relief

Florida treats its full-time residents differently than vacationers. Once you purchase a home in Brevard County and establish it as your primary residence, you become eligible for the Homestead Exemption.

• The Basics: This exemption can reduce the taxable value of your home by up to $50,000.

  • The first $25,000 applies to all property taxes.

  • The second $25,000 applies to non-school taxes (for properties assessed over $50,000).

• The Cap: More importantly, the "Save Our Homes" assessment cap limits the annual increase in your home’s assessed value to just 3% (or the CPI, whichever is lower). In a market where property values have historically risen, this locks in your tax savings for the long haul.

3. Portability: Moving Within Florida

Already a Floridian but looking to upgrade or downsize within Brevard? You don’t have to lose your accumulated tax benefits.

Florida’s Portability law allows you to transfer (or "port") up to $500,000 of your accumulated "Save Our Homes" tax savings from your old home to your new one. This is a crucial benefit for growing families moving from a starter home in Titusville to a larger property in Viera, or empty nesters moving to a riverfront condo.

4. The 2026 Legislative Landscape: What to Watch

Real estate laws are always evolving. Heading into 2026, the Florida legislature has been discussing bold proposals regarding property taxes. While nothing is guaranteed until voted upon, there is significant momentum behind initiatives to further reduce property tax burdens for primary residents.

• Potential Ballot Measures: Keep an eye on the November 2026 ballot. There are discussions about proposals that could eliminate certain portions of property taxes for homesteaded properties or increase exemptions for seniors.

• Senior Exemptions: Many municipalities in Brevard County already offer additional exemptions for residents over 65 who meet income requirements.

5. Estate Planning: No "Death Tax"

Legacy planning is a major concern for many of our clients. Florida imposes no estate tax and no inheritance tax.

• This ensures that wealth passed down to your children or beneficiaries is not reduced by the state.

• Combined with Florida’s strong asset protection laws (which generally protect your primary home from creditors), your financial legacy is safer here.

The "Lifestyle Dividend"

While the spreadsheets look great, the real return on investment in Brevard County is the lifestyle.

• More House for Your Money: Despite market growth, Brevard County remains more affordable than South Florida (Miami/Fort Lauderdale) while offering similar coastal benefits.

• Diverse Living Options: From the surf culture of Satellite Beach to the historic charm of Rockledge, there is a community for every pace of life.

Ready to Make Your Move?

Tax laws are complex, and timing is everything. To claim your 2026 Homestead Exemption, you generally need to own and occupy your home by January 1st and file by March 1st. If you missed the January 1st cutoff for this year, buying now still starts your clock for 2027 savings and allows you to lock in today's home prices before the next market cycle.

Ocean to River Properties is here to help you navigate more than just the transaction. We help you find a home that fits your financial goals and your lifestyle.