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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.
Learn more about taxes in Florida