St Pete Talk joins the Canadian Snowbird Association talking Taxes | Snowbirds
ncarol.com/10122566

ST. PETERSBURG, Fla. & TORONTO - ncarol.com -- During the pandemic, local real estate agent Tony Smith quickly understood the annual snowbird economy that the city of St Petersburg has become financially dependent upon since the 1980s would be altered due to snowbirds not returning to Florida until at the least Winter 2021.  Through research, he discovered that Canadians including snowbirds remit annual property taxes owed in Pinellas County Fl where Canadians owe a staggering $19 million USD in property taxes.



Understanding the 'Snowbird' effect on Pinellas County Real Estate

Since the 1970s Canadian snowbirds have provided an annual economic burst every winter like clockwork to local Florida communities and that economic pattern has not been disrupted for over 40 years, not even 9/11 or the 2008 real estate market crash deterred Canadian snowbirds from coming to Florida.  Thankfully, the snowbirds have just kept coming year after year.

More on ncarol.com

• Vegan Kingz Expands Direct-Import Wholesale Lineup to Help Commercial Kitchens Cut Ingredient Costs
• Acuvance Survey Finds ERP Integration Remains a Key Challenge as Healthcare Organizations Prepare for AI
• Everything Policy Unveils Their Classroom Resources Behind Every Policy Topic
• Constantine "Costa" Kapothanasis II Acquires The Lubri-Loy Company, Carrying a 77-Year-Old American Lubricant Brand Into Its Next Era
• LS2 Partners with Angels Of Dirt's "Next Chapter Racer" Series Celebrating Women and Girls in Motorsports

Finally, it took a global pandemic to discover the economic power punch from snowbirds who support Florida communities not just by eating at local restaurants, retail spending, and everyday living expenses; their power punch comes from their residential and commercial real estate holdings and the annual payment of property taxes Canadian snowbirds remit annually.

https://youtu.be/lSQNv4IaRto

Pinellas County Real Estate Taxes owed by Canadian Snowbirds annually

A local real estate expert Tony Smith researched that Canadian snowbirds pay a mind-blowing $19 million USD dollars in Pinellas County property taxes annually according to the recent Pinellas County auditor's report which outlines the Top 10 taxpayers throughout Pinellas County, Fl.

How did 'snowbirds' rack up an outstanding $19 million USD dollar tax bill?

• Canadians, including snowbirds, own approximately $1 billion USD in real estate holdings throughout Pinellas County, Fl  which includes:
• beachfront condominiums
• single-family homes and commercial property for a combined $1 billion dollars in "just market value" according to Pinellas County, Fl records.

Their combined real estate tax portfolio for Canadian property owners generates a tax bill of $19 million USD owed by snowbirds and other Canadians and regardless of the pandemic this past year Canadian snowbirds were obligated to pay their property taxes.  Not even a pandemic excuses snowbirds from tax payments.

More on ncarol.com

• Danish company biosuite introduces biotech procurement software to track outsourced R&D commitments
• Industrial & systems engineering educator and professional to lead global strategic partnerships for professional society
• LCM Company Explains Professional Upholstery Cleaning in Charlotte, NC
• Convergence of AI, Wearable Technology, Remote Patient Monitoring and Real-World Healthcare: PomDoctor Ltd. (N A S D A Q: POM)
• Maple Ridge Landscaping Celebrates 50+ Years Serving Boone, NC and the High Country

-
St Pete Talk | Real Estate Agent | Dalton Wade
260 1st Ave S, 2nd Fl
St Petersburg, Fl 33701
https://g.page/stpetetalk?share