Florida Income Tax
Florida has no state income tax. This makes it one of the most attractive states for high earners and retirees. You will still owe federal income tax.
Florida Sales Tax
The state sales tax rate in Florida is 6%. With an average local sales tax of 1.01%, the combined average sales tax rate is 7.01%.
Florida Property Tax
The effective property tax rate in Florida is 0.86%. With a median home value of $364,200, the median annual property tax bill is $3,248 ($271/month).
Corporate & Business Taxes
The corporate tax rate in Florida is 5.5%.
Other Taxes in Florida
| Tax Type | Rate / Amount |
|---|---|
| Gas Excise Tax | $0.35/gallon |
| Cigarette Tax | $1.34/pack |
| Estate Tax | No |
| Inheritance Tax | No |
Key Facts
No state income tax. One of the most tax-friendly states for retirees. Homestead exemption reduces property taxes.
Compare to Other States
See how salaries compare on our average salary in Florida page. Thinking about starting a business? Check our LLC guide for Florida. See the current minimum wage in Florida.
Financial Calculators
Plan your finances in Florida with our free tools:
- Paycheck Calculator — estimate take-home pay after taxes
- Salary Calculator — convert hourly to annual pay
- Mortgage Calculator — estimate monthly home payments
- Home Affordability Calculator — see how property taxes affect what you can afford