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

Florida Taxes
Get the straight scoop on Florida taxes.

Panama City MLS
Use our complimentary MLS service or our HomeFinder service.

HomeFinder is a free custom search service. You tell us what you are looking for and we email you properties for you to evaluate.

Relocation Information
Buyers from outside the area need a good source of information to help them learn about area schools, amenities and services. To many these are important factors relating to relocation. I can assist you with any relocation information you may need.

Panama City Climate
Mild winter and warm summers are a big attraction for some folks.

Panama City Condos

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.





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



(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



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


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
Panama City Real Estate | Site Map | Property Search | MLS | Emerald Coast Real Estate | Area Maps | Listing Home | Relocation | Professional Directory