Cost of Business


  • Corporate Income Tax

    • Rate: 5.5% less an exemption of $5,000
    • All federal income taxes apportioned to Florida are deducted
  • Personal Income Tax

    • Florida does not have a personal income tax
  • Property Tax

    • State does not levy property taxes on real and tangible property
    • Local property tax rates vary
    • No property tax on business inventory
    • No property tax on goods-in-transit for up to 180 days
  • Sales and Use Tax

    • Rate: 6.00%
    • Local sales & use taxes vary
  • Unemployment Insurance

    • New Employer Tax Rate: 2.70%
    • Taxable Wage Base: $8,500
    • Maximum Unemployment Insurance Tax Rate: 5.40%
  • Workers Compensation Insurance

    • Minimum Weekly Workers Compensation Payment: $20
    • Maximum Weekly Workers Compensation Payment: $772