illi News - St Pete Talk joins the Canadian Snowbird Association talking Taxes

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Canadian Snowbird Association Member 0001

Meet the Canadian Snowbirds newest Association member, Tony Smith who is based in St Petersburg Fl, and a local real estate agent and publisher of St Pete Talk, a real estate blog. He has joined the Canadian Snowbird Association to educate snowbirds on their economic impact on the Pinellas County, Fl real estate market over the previous decades.

ST. PETERSBURG, Fla. & TORONTO - illiNews -- 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.

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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.

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