- No personal income tax on Florida residents
- No personal property tax on individuals
- State sales tax is 6.00%, local county taxes 1.50%
- Intangible tax is levied on some stocks, bonds, etc.
- Individual exemption is $250,000, joint exemption is $500,000
- Tax is approximately $0.50 per $1,000.00. (See Florida Department of Revenue for details)
Source: Florida Department of Revenue - www.myflorida.com/dor