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We spend 11% of our net income for homeowners insurance, property taxes and utilities. We own our home, no mortgage, so that helps a lot.
We've also lived here for 15 years, in Florida there is a 3% annual cap on raising property taxes which adds up to a huge saving. Our property taxes were $720 last year but our neighbors were $2300. We more than make up for that in homeowners insurance because of hurricanes.
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