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Florida
Florida is one of only seven states that does not tax individual wage income. It does, however, assess a state corporate income tax. The state's intangible personal property tax was eliminated in 2007. More on Florida taxes can be found in the tabbed pages below.
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Income |
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Sales |
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Property |
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Estate |
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Other |
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| Personal income tax |
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Florida residents pay
no personal income tax. |
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The state's intangible tax on stocks, bonds, and mutual and money market funds has been repealed for 2007. |
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| Sales tax |
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Florida levies a 6 percent
sales tax. |
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Counties impose additional sales surtaxes in half-percent
increments. |
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For vehicle and mobile home sales, the applicable surtax rate is that of the county where the vehicle will be registered. |
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| Personal and real property taxes |
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Property,
or "ad valorem,"
taxation provides local government
funding in Florida. The Property
Tax Administration Program
(PTA) administers the assessment
and collection of taxes on
all real, personal and centrally
assessed property. Florida's
Property Valuations & Tax Data book provides
a comprehensive look at the
latest available property
tax numbers across the state. |
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If you
purchase a home in Florida, the
tax on it is based on the just
or fair market value of the property.
Ad valorem taxes are assessed
and collected annually by the
county property appraiser. Taxpayers
with questions about the process
should review the Florida
Property Taxpayer's Bill of Rights. |
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A $25,000
homestead exemption is available
to homeowners who meet certain
requirements, primarily that the
property is the taxpayer's primary
residence. Additional exemptions
are also available in several
other taxpayer situations. Details
on the various benefits can be
found at the state's homestead
exemption Web page. |
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Owners
of tangible
personal property must file
an annual return. However, the
first $25,000 in assessed value
is exempt from taxes. |
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Questions about local taxes can be directed to your local county property appraiser.
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| Inheritance and estate taxes |
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There is no inheritance
tax. |
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Florida's estate tax was tied to the federal estate tax laws. As such, federal law changes meant Florida's estate tax was eliminated for estates of those who died after December 31, 2004. |
| Other Florida tax facts |
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Flags, both the U.S. and Sunshine State versions, are exempt from state and local sales taxes. |
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Taxpayers can obtain tax assistance and information at one of the state's service centers. |
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Florida
residents can make child support
payments online. |
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| For more information,
call the Department of Revenue Service Center at (800) 352-3671
or go to the Web
site. |
| To
download tax forms on this site, you will need to install a
free copy of Adobe Acrobat Reader. Click here for instructions. |
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