They Inherited Their Family’s Home in Austin—Then the Tax Bill Changed Everything

One year after Willa Staats and her brother inherited their family’s East Austin home and the adjacent lot, they were hit with a combined property tax bill of $48,000. It was nearly 90% higher than what their father had last paid, and more than half of Staats’ salary at the time. On paper, the sibli

New Map Shows Extent of Post-Pandemic Wealth Migration—With Billions Flowing Into Florida

Florida gained more wealth from high-earning newcomers than any other state in 2023, according to newly released data from the Internal Revenue Service. In 2023, Florida gained $20.65 billion in annual adjusted gross income from tax filers who moved there from another state within the U.S., accordin

Imagine Living in the Chrysler Building

In the Chrysler Building’s 96 years of occupancy, exactly two people have managed to pull off the children’s-book fantasy of living there. (Officially, or at least semi.) They couldn’t have been more different; one was an artist, the other a corporate titan. In the mind’s eye, it’s a Fred Astaire...

Ron DeSantis Floats Taxing ‘Rich Guys From Brazil’ To Fund Florida’s Property Tax Cuts

For Florida homeowners anxious for property tax relief, the message from Gov. Ron DeSantis is clear: Just wait. "I think the question is timing," he said on Hang Out With Sean Hannity. "How quickly can you get to where your personal residence is excluded from your property?" It remains the $50 billi