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Though the state government does not collect any property taxes, local governments receive much of their funding through these taxes.

Florida residents are required to report these sales and pay the use tax on them personally. While this includes taxable items bought in Florida, it mostly applies to items bough outside of the state which were brought in or delivered. State sales tax needs to be paid for internet or other out-of-state purchases, even if no tax was charged at the time of purchase, or were charged at a rate less than the Florida sales and use tax rate. For a complete list of the additional sales tax rates by county, visit the Florida Department of Revenue: Use Tax The highest amount added to the sales tax was 1.5% by 7 counties in 2012, bringing the total sales tax to 7.5% in those counties that will increase to 8 counties in 2013. Additionally, counties are able to levy local taxes on top of the state amount, and most do-55 of the 67 Florida counties added local sales tax to the state tax in 2012. The state charges a 6% tax rate on the sale or rental of goods, with some exceptions such as groceries and medicine. The law requiring that tax was repealed in 2007. Intangibles Taxįloridians no longer need to pay taxes to the state on intangible goods, such as investments. No portion of what is willed to an individual goes to the state. Estate Taxįlorida also does not assess an estate tax, or an inheritance tax. The state constitution prohibits such a tax, though Floridians still have to pay federal income taxes. The strength of Florida's low tax burden comes from its lack of an income tax, making them one of seven such states in the U.S. But not all taxes are created equal, and the state collects in a variety of ways that residents need to be aware of. For 2013, Florida will place the fifth-lowest tax burden on its residents and businesses.

Florida Property Tax: Florida Property Tax is based on market value as of January 1st that year.įor decades, Florida has had one of the lowest tax burdens in the country, according to the independent research organization Tax Foundation.

Florida Corporate Income Tax: Corporations that do business and earn income in Florida must file a corporate income tax return (unless they are exempt).

Florida State Tax: Florida does not have a state income tax.

Florida Sales Tax: Florida sales tax rate is 6%.

There is no personal income tax in Florida. Information regarding these and additional taxes can be located from the list below. Major taxes collected in Florida include sales and use tax, intangible tax and corporate income taxes.