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Type of Tax. Tax Rate Range. General sales tax. 6%. State income tax. 0%. Corporate income tax. 5.5%. Average Florida property tax. 0.91%
Florida property tax homestead exemption reduces the value of a home for assessment of property taxes by $50,000, so a home that was actually worth $100,000 would be taxed as though it was worth only $50,000. However, the second $25,000 of homestead coverage does not apply to the school portion of property taxes, and only applies to the third ...
Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due.
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Freeport is a city in Walton County, Florida, United States. It is part of the Crestview–Fort Walton Beach–Destin, Florida Metropolitan Statistical Area. As of 2020, the population recorded by the U.S. Census Bureau was 5,861, up from 1,787 at the 2010 census. Freeport is one of the fastest growing cities in Florida.
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The Crestview–Fort Walton Beach–Destin, Florida Metropolitan Statistical Area, as defined by the United States Census Bureau, is a metropolitan area consisting of Okaloosa and Walton counties in northwest Florida, with the principal cities of Crestview, Fort Walton Beach, and Destin. [1]
Florida also has a lower median household income compared to the national median. In Florida, the median household income between 2017 and 2021 was $61,777, and $74,580 nationwide in 2022.