Palm Beach & Florida State Taxes
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NO:
corporate income tax on, limited partnerships, individuals, estates,
and private trusts.
state personal income tax.
inventory tax.
collected or assessed property tax at the state level.
sales tax on groceries, prescription medicines, household fuels, and
most services.
sales tax on "Boiler Fuels" used at a fixed Florida location in an
industrial manufacturing, processing, production or compounding process
sales and use tax on goods manufactured or produced in the state for
resale for export outside the state.
Florida taxes corporate income at a 5.5 percent rate.
The statewide sales and use tax rate is 6 percent certain items exemptions
for manufacturers.
For more information regarding taxes contact the Business Development
Board or visit the Florida Department of Revenue web site at
http://sun6.dms.state.fl.us/dor/html/state_taxes.html
Homestead Exemption
In Florida, $25,000 of the assessed value of your home can be exempt
from real estate taxes, but you have to meet certain criteria to be eligible
for the exemption.
You must have the title or record to your property as of January 1
and reside on the property.
You must be a legal and permanent resident of Florida as of January
1. You can fill out an application for the exemption with your county property
appraiser at any time before March 1 of the year you want the exemption.
When applying for the exemption status, bring along a copy of your
deed, your Florida driver’s license and your voter registration card
or Declaration of Domicile. New applications must be filled out in the
appraiser’s office. Following initial application, each year thereafter
a receipt will be mailed to your home. This receipt is proof that the exemption
you received on your property the past year is automatically renewed for
the present year.
If you have bought, sold or rented this property since January 1 of
the past year, or if you no longer qualify for the exemptions, Florida law
requires you to notify the Property Appraiser’s Office. Exemptions cannot
be transferred from one property to another. Those who have moved to another
property before January 1 must go to one of the Property Appraiser’s
offices for the exemption on the new property.
Florida law also provides for a $500 exemption for unmarried widows
and widowers, servicemen with at least 10 percent service connected disability,
and residents certified as legally blind and/or totally and permanently disabled
by two licensed Florida physicians or Veteran’s Administration. In addition,
certain disabled persons are entitled to total exemption of property taxes.
For further information, call the Palm Beach County Property Appraiser at
355-3230, or visit their offices at 301 N. Olive Avenue, 5th floor, West
Palm Beach.
Autos, Boats & Motorcycles
The Tax Collector is the agent of the Department of Highway Safety
and Motor Vehicles for titling and registering all water vessels and vehicles,
including motorcycles and mopeds, as well as disabled parking placards.
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