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State Tax Guide 2026

Florida Tax Guide

Florida has no state income tax— constitutionally banned since 1924. It's one of the most tax-friendly states for individuals, particularly retirees. Revenue comes from sales tax and property taxes instead.

0%
Income Tax
6%
State Sales Tax
8.5%
Max Total Sales Tax
None
Estate Tax

✅ No State Income Tax — And Why Florida Is Retirement-Friendly

  • No income tax on wages, salaries, pensions, or investment income
  • No tax on Social Security at the state level
  • No state estate or inheritance tax
  • Homestead exemption of up to $50,000 on primary residence property taxes
  • Save-Our-Homes cap: limits property tax assessment increases to 3%/year for homestead properties

Florida Sales Tax by County 2026

Florida's state sales tax is 6%. Counties may add a discretionary surtax of up to 2.5%, bringing the maximum combined rate to 8.5%.

CountyStateLocal SurtaxTotal
Miami-Dade6%1%7%
Broward6%0%6%
Palm Beach6%1%7%
Hillsborough (Tampa)6%1.5%7.5%
Orange (Orlando)6%0.5%6.5%
Duval (Jacksonville)6%0.5%6.5%

Florida Property Tax

Florida's effective property tax rate averages around 0.86% — lower than the national average. Rates vary significantly by county.

Miami-Dade County
Effective rate: 0.97%
Tax on $300K home: $2,910/yr
Broward County
Effective rate: 1.07%
Tax on $300K home: $3,210/yr
Palm Beach County
Effective rate: 1.0%
Tax on $300K home: $3,000/yr
Hillsborough County
Effective rate: 1.0%
Tax on $300K home: $3,000/yr
Homestead Exemption: Florida homestead owners get a $25,000 exemption from assessed value (plus another $25,000 for non-school taxes between $50K–$75K of value). This can save $500–$1,000+/year.

What Floridians Still Pay

Federal Income Tax
Still subject to federal brackets (10%–37%) and FICA taxes.
Sales Tax on Most Purchases
6% state + up to 2.5% county surtax on most goods.
Property Tax
Average ~0.86% of assessed value annually.
Hurricane/Flood Insurance
Often $2,000–$5,000+/year in coastal areas — a significant hidden cost.
Corporate Income Tax
Florida businesses pay a 5.5% corporate income tax (individuals unaffected).

Calculate Your Florida Take-Home Pay

Zero state income tax = more money in your paycheck. See exactly how much.

Open Florida Paycheck Calculator →