2010 TaxGrams™
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State and Local Taxes
Florida State Tax Summary

Florida state tax summary, including corporate and individual Florida income taxes, credits, exemptions, deductions and more. Includes Florida estate, gift and inheritance tax, miscellaneous Florida taxes, pass-through entity treatment, payroll taxes, property taxes and Florida sales & use taxes.

Florida ranks #5 on the State Business Tax Climate Index (TaxFoundation.org).

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    taxmOuth Florida Taxes

Florida Tax Contacts

Florida Tax FAQs

Florida Tax Forms

Florida Corporate Taxes

  • taxmOuth Florida Corporate Taxes
  • Florida Tax Rates & Brackets:

    5.5%> $0
  • Loss Carry-back/fwd: 0 Years Back / 20 Years Forward (Unlimited)
  • Throwback Sales?: N
  • Foreign Tax Deductible?: Y
  • Alternative Minimum Tax (AMT): Y
  • Gross Receipts Tax: N
  • Capital Stock (Net Worth) Tax?: N

Florida Tax Incentives and Credits

Florida Individual Income Taxes

  • taxmOuth Florida Individual Income Taxes
  • Florida tax rates and brackets:

  • Local Option IT Rate: None
  • Federal Inc used as Base?: N/A
  • Standard Deductions: Single N/A / Joint N/A
  • Personal Exemptions/Credits (c): Single N/A / Joint N/A / Dependent N/A
  • Federal Tax Deductible?: N/A
  • State Tax Deductible?: N/A
  • Alternative Minimum Tax (AMT)?: N/A

Florida Estate, Gift and Inheritance Taxes

Florida Miscellaneous Taxes

Florida Pass-through Tax Treatment

Florida Payroll Taxes

Florida Property Taxes

  • taxmOuth Florida Property Taxes
  • Median Tax Paid on Homes (Rank): $1,860 (#21)
  • Median Value of Homes: $218,700
  • Tax as % of Home Value (Rank): 0.85% (#24)
  • Median Income of Homeowner: $56,633
  • Tax as % of Income (Rank): 3.28% (#18)

Florida Sales and Use Taxes

  • taxmOuth Florida Sales and Use Taxes
  • State Rate: 6.0%
  • County & City (Weighted Ave): 1.01%
  • Combined State and Ave. Local Rates (Rank): 7.01% (#18)
  • General Treatment of Services: Many Taxable
  • Gasoline: Exempt
  • Groceries: Exempt

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