Florida Taxes- Bay and Walton County Taxes
Anne Stroud, Realtor Emerald Coast Real Estate Agent, Sales Associate 
Florida Tax Information
Panama City Beach Real Estate

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Get the straight scoop on Florida taxes.

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Florida Taxation Guide

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

This is a help tax guide and is not to be considered an official source of tax information. For more tax information consult a tax professional.
Licensed Realty Brokerage, Realtors Anne Stroud, Realtor
Panama City, Florida

Phone (850) 319-6044
Anne@panamacitybeachhomefinder.com
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