Where Do People Pay the Most in Property Taxes?
Property taxes are the primary tool for financing local government and generating state-level revenue in some states as well.
5 min read
Florida Tax Rates, Collections, and Burdens
How does Florida’s tax code compare? Florida does not have a state individual income tax. Florida has a 5.50 percent corporate income tax. Florida has a 6.00 percent state sales tax rate, a max local sales tax rate of 2.00 percent, and an average combined state and local sales tax rate of 7.002 percent. Florida’s tax system ranks 4th overall 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, Facts & Figures: How Does Your State Compare?
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
All Related Articles
Unpacking the State and Local Tax Toolkit: Sources of State and Local Tax Collections (FY 2020)
The mix of tax sources states choose can have important implications for both revenue stability and economic growth, and the many variations across states are indicative of the different ways states weigh competing policy goals.
29 min read
FDA Ban on Flavored Cigars Could Cost $836 Million in Annual Excise Tax Revenue
The FDA’s proposal to ban flavored cigars would carry significant revenue implications for many state governments.
7 min read
2022 Sales Tax Holidays: Bad Policy Any Year, But Especially in Response to High Inflation
However well-intended they may be, sales tax holidays remain the same as they always have been—ineffective and inefficient.
43 min read
State and Local Sales Tax Rates, Midyear 2022
While many factors influence business location and investment decisions, sales taxes are something within policymakers’ control that can have immediate impacts.
12 min read
State Tax Reform and Relief Enacted in 2022
Among the 46 states that held legislative sessions this year, structural state tax reform and temporary tax relief measures were recurring themes.
13 min read
Vapor Taxes by State, 2022
If the policy goal of taxing cigarettes is to encourage cessation, vapor taxation must be considered a part of that policy design.
4 min read
Two Dozen States Show Why the Kansas Critique of Income Tax Cuts Is Mistaken
The Kansas experience is so infamous that “what about Kansas?” is almost guaranteed to be a question—sometimes as a retort, but often a genuine expression of concern—any time any state explores tax relief. But what about the other two dozen states that have cut their income taxes since then?
6 min read
Ranking Property Taxes on the 2022 State Business Tax Climate Index
Which states have the highest property taxes in 2022? See how your state compares in property taxes across the United States
3 min read
State Sales Tax Breadth and Reliance, Fiscal Year 2021
The sales tax is too important a part of states’ revenue toolkits to be permitted further erosion, making sales tax modernization a vital project of the 2020s.
17 min read