Florida Taxes Rate

Florida's Tax Rates: A Comprehensive Guide

Average Tax Rates and Marginal Tax Rates

In Florida, if an individual earns an annual income of $70,000, their total state income tax liability will be approximately $7,660. This translates to an average tax rate of 10.94% and a marginal tax rate of 22%.

Property Taxes in Florida

Property Tax Rates

Property tax rates in Florida vary by county. However, on average, Floridians tend to pay higher property taxes compared to residents in many other states.

Local Option Sales Taxes

In addition to state sales tax, local governments in Florida are authorized to levy a local option sales tax of up to 1.5%. As a result, there are a total of 362 local tax jurisdictions with varying sales tax rates.

Sales Tax Rates in Florida

General State Sales Tax Rate

Florida's general state sales tax rate is 6%.

Exceptions to the General Sales Tax Rate

• Retail sales of new mobile homes: 3%
• Amusement machine receipts: 4%

Combined Sales Tax Rate

Florida's average combined state and local sales tax rate is 7.002%. This includes the general state sales tax rate of 6% and the maximum local sales tax rate of 1.5%.

Pinterest

Pinterest