Personal Income Tax
Florida does not levy a personal income tax, so you are better able to keep the money you have earned..The State is steadfast in reducing bureaucracy. Since the 1998-1999 Fiscal Year Florida has reduced it's budget every year. Many state positions have been elimination allowing Florida keep it's overall real estate tax rate relatively low.
Sales and Use Tax
Florida's law provides that each sale, admission charge, storage, or rental is taxable unless the transaction is specifically exempt. The state sales tax rate is 6 percent.
Discretionary Sales Surtax
Under specific conditions, Florida counties are authorized to levy a discretionary sales surtax on most transactions that are subject to sales and use tax.
Bay 0.5 %
Walton 1%
Intangible Tax
Taxable assets are taxed at a rate of $1 per thousand dollars of value.
EXCISE TAXES - ALCOHOLIC BEVERAGES
| |
EXCISE TAXES - ALCOHOLIC BEVERAGES
| Beer |
| Pints or less |
$0.06 each |
| Quarts |
$0.12 each |
| Bulk Gallons |
$0.48 per gallon |
| |
| Wine
(% alcohol by volume) |
| Less than 17.259% |
$2.25 per gallon |
| 17.259% or more |
$3.00 per gallon |
| Natural Sparkling |
$3.50 per gallon |
| |
| Liquor (%
alcohol by volume) |
| Less than 17.259% |
$2.25 per gallon |
| 17.259% to 55.780% |
$6.50 per gallon |
| More than 55.780% |
$9.53 per gallon |
SURCHARGE
RETAIL
ALCOHOLIC BEVERAGE
(consumption on premise) *rates effective July 1, 2000 |
| Draft Beer |
$0.0134 per 12 oz. |
| Beer |
$0.0134 per 12 oz. |
| Coolers |
$0.0134 per 12 oz. |
| Wine |
$0.0334 per 4 oz. |
| Liquor |
$0.0334 per 1 oz. |
| Cider |
$0.02 per 12 oz. |
|
Cigarette Tax and Tobacco Products Tax
| |
EXCISE
TAXES - CIGARETTES
| Packages containing not
less than two nor more than ten |
$0.1695 per package |
| Packages containing more than ten; but not more than twenty |
$0.3390 per package |
| Packages containing 25 cigarettes |
$0.42375 per package |
EXCISE TAXES - OTHER TOBACCO PRODUCTS
| 25% of wholesale sales price |
$0.25 per $1.00 |
|
Estate, Inheritance and Gift Taxes
Florida estate tax replaced the inheritance tax for decedents who died on or
after Jan. 1, 1980. A Florida Estate Tax Return (DR 1210) must be filed if a
United States Estate (and Generation-Skipping Transfer) Tax Return (federal
form 706, or 706NA for a nonresident alien decedent) is required to be filed.
The Florida estate tax is the state death tax credit allowable on the federal
return, but adjustments may be made if one or more additional states are
involved.
Fuel Tax Information
Bay County Gasoline Tax/Gallon....................................................$0.126
Walton County Gasoline Tax/Gallon....................................................$0.126
Property Taxes
Bay County
Walton County |
