Florida Tax Rates, Collections, and Burdens
How does Florida’s tax code compare? Florida does not have an individual income tax. Florida has a 5.5 percent corporate income tax rate. Florida also has a 6.00 percent state sales tax rate and an average combined state and local sales tax rate of 7.00 percent. Florida has a 0.71 percent effective property tax rate on owner-occupied housing value.
Florida does not have an estate tax or inheritance tax. Florida has a 38.6 cents per gallon gas tax rate and a $1.339 cigarette excise tax rate. The State of Florida collects $4,339 in state and local tax collections per capita. Florida has $6,163 in state and local debt per capita and has an 82 percent funded ratio of public pension plans. Overall, Florida’s tax system ranks 4th on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Florida is no exception. The first step towards understanding Florida’s tax code is knowing the basics. How does Florida collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, : How Does Your State Compare?
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Tax Data by State
Get facts about taxes in your state and around the U.S.
State Tax Data
- Individual Taxes
- Business Taxes
- Sales Taxes
- Property Taxes
Individual Taxes
Top Individual Income Tax Rate
Does Not Have an Individual Income TaxSee Full Study
State Local Individual Income Tax Collections per Capita
$0Rank:
State and Local Tax Burden
9.1%Rank: 8See Full Study
Business Taxes
Top Corporate Income Tax Rate
5.5%See Full Study
State Business Tax Climate Index Ranking
4See Full Study
Sales Taxes
State Sales Tax Rate
6.00%Rank: 17See Full Study
Average Local Sales Tax Rate
1.00%See Full Study
Combined State and Average Local Sales Tax Rate
7.00%Rank: 24See Full Study
State and Local General Sales Tax Collections per Capita
$1540Rank: 14
State Gasoline Tax Rate (cents per gallon)
38.60¢Rank: 12
State Cigarette Tax Rate (dollars per 20-pack)
$1.339Rank: 32
Property Taxes
Property Taxes Paid as a Percentage of Owner-Occupied Housing Value
0.71%Rank: 31
State and Local Property Tax Collections Per Capita
$1608Rank: 29
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