Municipalities can levy sales tax of no more than 2.5%.
Current average sales tax (with local taxes included): 7.037%
Common Exceptions at State Level:
Unprepared Foods: Exempt
Prepared Foods: 9%
Cosmetics and some medical supplies: Exempt.
Gasoline Tax: 61.95 cents/gallon (Includes all state, local, and federal taxes
Diesel Fuel Tax: 60.77 cents/gallon (Includes all state, local, and federal taxes)
Personal Income Tax
Florida has no personal income tax.
Local municipalities average .89% of the property's assessed value.
Assessed value: Fair market value, among other determining factors. Assessed each year.
Relief programs for:
Owner-occupied: A reduction of up to $50,000 available based on meeting requirements. Active military may rent property without losing their homestead exemption.
Save Our Homes program: After the first year a home receives the homestead exemption, its assessed value for each following year cannot increase more than 3% or the Consumer Price Index, whichever is less.
Service members deployed out of the country: May receive exemption for time deployed
65 and over: Additional exemption of up to $50,000 available depending on income level and other requirements
Disabled Veterans: Partial or total exemption available based on disability pay and other requirements.
Surviving Spouse of first responder: Total exemption available if meet certain requirements
Disabled: $500 if blind. Up to 100% exemptions available if meet income and disability requirements
Personal Property Tax: Yes. Rates and exemptions vary.