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Tax Summary
- Florida has no state income tax.
- State sales tax is 6%.
- There are additional county taxes that can take sales taxes up to as much as 9.5% in some areas, although this varies widely.
- U.S. and Florida state flags are exempt from sales tax.
- Property taxes are based on the fair market value of the property and assessed by the county tax appraiser.
- There is a $25,000 homestead exemption for most primary residences.
- There is an intangibles tax on certain intangible assets such as stocks, bonds, and some notes valued at over $250,000.
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