Report: Median Annual Property Taxes by State

In this presentation, attorney and CPA Chad D. Cummings highlights the crushing reality of property taxes across America. According to the latest U.S. Census Bureau data analyzed by Visual Capitalist, New Jersey residents pay a median of $9,358 per year in property taxes—the highest in the nation—followed closely by New York, California, and other high-tax states. In stark contrast, Florida’s median property tax bill is just $3,000, with no state income tax, no estate tax, and strong asset protection laws. Chad explains how these combined burdens are forcing seniors to keep working and making it increasingly difficult for business owners to build and preserve wealth. He then demonstrates why redomestication is the smartest solution—allowing you to move your existing LLC, corporation, or partnership to a low-tax state like Florida or Texas without dissolving the company, without forming a new entity, without losing your FEIN, and without triggering federal taxes. If you own a business and are tired of paying some of the highest property and income taxes in the country, this presentation shows you exactly how to reduce your total tax load and secure a better financial future. Learn more: https://www.cummings.law/redomestication/