Florida

Moving from Nevada to Florida would RAISE your total state and local tax burden from 7.7% of income to 9.1% of income — an increase of +1.4 pts. On a $100K household budget, that is roughly $1400 more per year in combined state and local taxes.

Both Nevada and Florida have NO state income tax. Your wage income will not be taxed at the state level in either location.

Florida state sales tax is 6.00%. With average local add-ons, the combined rate is 7.02%. This applies to most retail purchases but rules on groceries, prescriptions, and services vary.

Florida median effective property tax rate is 0.71% of home value. On a $400,000 home, that is roughly $2,840/year. Property tax typically funds schools, municipalities, and county services — rates vary sharply within a state by school district.

Florida has NO state estate tax and NO state inheritance tax. Heirs are subject only to federal estate tax (over $13.99M in 2025). This is favorable for wealth transfer.

In Florida: Social Security is not taxed. Pensions and 401(k)/IRA withdrawals are not taxed. Since Florida has no state income tax, no state-level tax applies to any retirement income.

Florida capital gains treatment: No state capital gains tax (no state income tax). Compare to federal long-term capital gains rates (0%, 15%, or 20%) — some states offer preferential treatment for long-term holdings, while others tax capital gains as ordinary income.

Florida gas tax is 39.0¢/gal — 15.2¢/gal higher than Nevada's 23.8¢/gal. For a 15,000 mile/year driver getting 25 mpg, each 1¢/gal of gas tax = about $6/year.

Florida residency rules: Domicile + 183+ days. Declaration of Domicile form strengthens claim. No statutory residency rule since no income tax. To establish residency for tax purposes, typical steps include: update driver's license and vehicle registration, register to vote, file a homestead declaration, close home-state bank accounts where possible, and spend clearly more than 183 days in your new state. If your former state is aggressive (e.g., CA, NY, NJ, OR), keep documentation of every day spent in each state.

Florida recent tax law changes: Property insurance crisis continues to affect costs. No income tax changes. Florida remains top inbound migration state.

For the most current tax information in Florida, visit the official source at https://floridarevenue.com/. Tax laws change annually; verify rates and rules before making a permanent move. Consult a CPA for advice specific to your situation.