ORLANDO, Fla. – March 14, 2017 – WalletHub's 2017 Taxpayer Survey and its yearly Tax Rates by State finds Floridians' Tax Burden from state and local governments fairly reasonable. Overall, Florida ranked 10th for its effective state and local tax rate, meaning only nine other states charge less.
The state was solidly average in real estate Taxes – No. 25 out of 50 states – but it ranked No. 8 for total sales and excise taxes. Florida ranked slightly toward the bottom, No. 28, for its vehicle property tax.
The latest WalletHub survey looked closely at taxes as the federal tax deadline approaches. According to respondents, 20 percent of Americans would get a tattoo that said "IRS" if it would allow them to avoid paying taxes in the future; 16 percent would move abroad and 10 percent would stop talking for six months if it would relieve them of their lifetime tax burden.
© 2017 Florida Realtors
Reprinted with permission Florida Realtors. All rights reserved.