Recent tax changes have made Florida the # 4 lowest state in the U.S. for overall taxes. Florida has no state income tax or intangible tax. Florida has caps on the percentage that property taxes can go up in an appreciating market. With prices currently down and poised to appreciate again it is a great time to not only get a low price but also get a low tax assessment. The website link at the bottom provides detailed analysis state by state of total tax burden taking into consideration all taxes. Bottom line is that Florida ranks #4 for lowest state total tax burden. Wow, that is pretty exciting for a state with all the benefits that Florida and specifically Marco Island/Naples offer in great weather, beautiful beaches and subtropical scenery, low crime, excellent cultural offerings, an enviable lifestyle.
Click on Taxes by State for more details.