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Lake Placid
Lake Placid
Florida
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Lake Placid is a town in Highlands County, Florida, United States. As of the 2010 census the population was 2,223, and in 2015 the estimated population was 2,164. It is part of the Sebring Micropolitan Statistical Area. The town has two nicknames: "Town of Murals" and "The Caladium Capital of the World". Lake Placid has more than 40 murals painted on buildings throughout the town, and 98 percent of the world's caladium bulbs come from Lake Placid. The town is home to the Lake Placid Tower, a closed observation tower that is 240 feet (73 m) tall according to early sources or 270 feet (82 m) tall according to late sources. However, government sources exclude a 270-foot height, allowing only a 240-foot height.

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Taxes

A

How did Florida earn the grade of A? We examined the state taxes based on how age friendly they are. Florida has a state sales tax of 6.00%. Of particular interest is that Florida does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. Florida has an effective property tax rate of 1.02%. Weighing these taxes and other taxes most likely to impact the aging population is how Florida earned its state tax grade of A.

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