Resources
In addition to research, the Regional Economic Research Institute provides various resources for residents, businesses and community leaders. Follow the links below to learn more about some of the resources offered by the RERI.
Chambers and EDOs
Want to find more information regarding your county? Southwest Florida has a wealth of resources available for residents, business executives and local leaders.
Business Incentives
Is your business expanding or relocating? Southwest Florida has a wide variety of incentives and grants available for job creation, capital investment, high performance and many other criteria.
Tax Structure
A list of the tax structure in Southwest Florida.
Top 100 Employers
A list of the top 100 employers in Southwest Florida.
Industry Diversification Project
A projected aimed at gauging industry diversification within our region and state.
Indicators Dashboard
Your one-stop-shop for all the latest economic indicators for Southwest Florida.
Tax Structure
Last Updated: January 26th, 2024
Income Tax
Florida does not have an individual state income tax.
Sales Tax
Statewide, the sales tax is 6 percent. Charlotte and Glades County each have an additional local tax of 1 percent, making the sales tax 7 percent. Hendry County has an additional 1.5% added to their tax rate, giving them an overall sales tax rate of 7.5%. Lee County has an additional local tax of 0.5%, giving the county a total sales tax of 6.5 percent. Finally, Collier County does not have a local option sales tax, remaining at 6 percent.
For more information on the sales tax rates, click here.
| COUNTY | statewide sales tax rate | local option sales tax rate | total SALES TAX rate |
|---|---|---|---|
| Charlotte | 6% | 1% | 7% |
| Collier | 6% | 0% | 6% |
| Glades | 6% | 1% | 7% |
| Hendry | 6% | 1.5% | 7.5% |
| Lee | 6% | 0.5% | 6.5% |
Property Tax
Millage rates in 2023 for Southwest Florida varied between 9.9575 (Collier) and 18.3366 (Glades).
For more information on property tax rates, click here.
| COUNTY | 2022 rATE | 2023 rATE | cHANGE |
|---|---|---|---|
| Charlotte | 16.2885 | 16.1645 | -0.1240 |
| Collier | 10.5791 | 9.9575 | -0.6216 |
| Glades | 18.3705 | 18.3366 | -0.0339 |
| Hendry | 17.7003 | 17.5174 | -0.1829 |
| Lee | 14.4523 | 14.3008 | -0.1515 |
Corporate Income Tax
Florida corporate income tax liability is computed using federal taxable income, modified
by certain Florida adjustments, to determine adjusted federal income. The Florida
Corporate Income Tax rate is 5.5 percent. For more information on corporate income
tax rates, click here.
