Florida is one of the few states that doesn't charge income tax, however, residents are still required to pay federal tax. Corporations that aren't exempt must file a return.
Florida property taxes are calculated annually based on the market value of the property on January 1 of the current year. These rates can be quite hefty, but residents can apply for several property tax exemptions to ease the burdens. Get information for taxpayers that outlines the tax system, exemptions, payment info, and more.
Florida has no estate or inheritance tax. There are additional miscellaneous taxes for gas, cigarettes, hotel, communication services, and document transfer (i.e. mortgages, deeds).
The 2015 sale tax rate is 6% in Florida, plus a Discretionary Sales Surtax that varies by county. View the 2015 surtax listing by county.
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