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.
Want to find more information regarding your county? Southwest Florida has a wealth of resources available for residents, business executives and local leaders.
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.
A list of the tax structure in Southwest Florida.
A list of the top 100 employers in Southwest Florida.
A projected aimed at gauging industry diversification within our region and state.
Your one-stop-shop for all the latest economic indicators for Southwest Florida.
Tax Structure
Last Updated: December 14th, 2021
Income Tax
Florida does not have an individual state income tax.
Sales Tax
Statewide, the sales tax is 6 percent. Charlotte, Collier, Glades and Hendry County each have an additional local tax of 1 percent, making the sales tax 7 percent. Lee County has an additional local tax of 0.5%, giving the county a total sales tax of 6.5 percent.
For more information on the sales tax rates, click here.
| COUNTY | SALES TAX |
|---|---|
| Charlotte | 7% |
| Collier | 7% |
| Glades | 7% |
| Hendry | 7% |
| Lee | 6.5% |
Property Tax
Millage rates in 2020 for Southwest Florida varied between 10.8607 (Collier) and 19.1349 (Hendry).
For more information on property tax rates, click here.
| COUNTY | COUNTY-WIDE Levies | Less Than COuntY-wide levies | TOTAL MILLAGE RATE |
|---|---|---|---|
| Charlotte | 13.4921 | 3.4517 | 16.9438 |
| Collier | 8.8353 | 2.0254 | 10.8607 |
| Glades | 15.3482 | 3.7134 | 19.0616 |
| Hendry | 17.8255 | 1.3094 | 19.1349 |
| Lee | 10.4376 | 5.2242 | 15.6618 |
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 3.535 percent.