This is good reinforcement for those not only looking to move to Florida, but to invest here as well.
The Sunshine State is well known for its absence of a state income, and its property taxes are below the midpoint for the U.S. Sales taxes are on the high side.
State income tax: None
Average state and local sales tax: 6.80%
Gas taxes and fees: 37 cents per gallon
Florida has no income tax, and its property taxes are below the midpoint for the U.S. The property tax on Florida’s median home value of $159,000 is $1,686.
Average combined state and local sales taxes are about average for the U.S., although in some counties the combined rate is as high as 8%. (Food and prescription and nonprescription drugs are exempt.)
Vehicles are taxed at the state’s 6% sales tax rate, but a county sales tax (based on where the buyer lives) is due on the first $5,000 of the purchase price or on each lease payment.