Florida State Taxes
Quick Tax Facts
Income Tax: 0%
State Sales Tax: 6%
Median Property Tax: $2,386
Overview
Known for its beautiful beaches, sunny weather, and lack of state income tax, Florida has long been a draw for retirees. The state also abolished its estate, inheritance, and gift tax, making it more attractive to the wealthy. Another reason why so many people and companies flock to the state is the lower sales taxes, property taxes, and corporate income taxes.
Florida Income Tax
Florida is one of a handful of states that don’t collect income tax.
Florida Sales Tax
Florida has a state sales tax rate of 6% with the following exceptions:
- New mobile home sales (retail) – 3%
- Amusement machine receipts – 4%
- Commercial real property (rental, lease, or license) – 2%
- Electricity – 6.95%
In addition to the state sales tax rate, each municipal government is allowed to collect sales tax that ranges between 0% and 1.5%. Citrus County has the lowest combined sales tax at 6.5%. The majority of counties have rates of either 7% or 7.5% when combined with the state sales tax rate.
Florida Property Taxes
Florida ranks around the middle of the pack when it comes to median property tax rates in the country. Property taxes are levied at the local level. The median annual amount for Florida property taxes is $2,386. Monroe County has the highest average at $3,766 annually. Dixie County currently has the lowest average property tax at $570 per year.
| Highest | $3766 |
|---|---|
| Median | $2386 |
| Lowest | $570 |
Yearly Cost Per Resident
Florida Tax Holidays
Florida now has two state sales tax holidays, including:
- Back-to-School. This tax holiday generally runs for the entire month of August. Eligible items include clothing up to $100 per item, school supplies ($50 or less per item), personal computers, and related accessories that are $1500 or less.
- Hunting, Fishing, and Camping. This new annual sales tax holiday will run from September 8 through December 31, 2026. Qualifying items include ammunition, firearms, bows and accessories, as well as camping and fishing supplies within certain expense limits.
Florida Tax Resources
If you have additional questions regarding Florida taxes, please visit the Florida Department of Revenue website or one of the resources listed below.
- Tax Information Publications
- Contact Your County Tax Official
- Taxpayer Assistance: 850-488-6800
- Ask a Tax Question
