Friday, May 25, 2018
Business

You’re likely not living in the Florida county with the lowest taxes

Want to stay in Florida but pay the lowest taxes? You’ll likely need to move.

All 10 of Florida’s "lowest tax-burdened" counties are north of the Tampa Bay area, according to some nifty number crunching from the financial technology company SmartAsset.

For Tampa Bay residents, your closest option is Citrus County, ranked eighth, thanks to lower property and fuel taxes. For the state’s lowest taxes, you’ll have to go a little farther north and join the 17,000 residents of Dixie County, tucked between two of Florida’s most famous rivers, the Suwannee on the south and the Steinhatchee to the north.

Three panhandle counties — Holmes, Calhoun and Liberty — round out the top four. The others in the top 10: Hamilton, Jackson, Union, Washington and Taylor.

Hernando came in at No. 22 and Pasco at No. 38, out of the state’s 67 counties. Pinellas (47), Manatee (53) and Hillsborough (56) came in lower, largely thanks to higher property and fuel taxes.

MORE BUSINESS NEWS: Recall of dangerous Takata airbags leaves too many drivers asking when’s my turn

Highest taxes in the state? That goes to the residents of Monroe County, home of the famous Florida Keys. But even Monroe isn’t that expensive compared to many other counties around the country. It ranked a middling 1,642 out of more than 3,100 counties included in Smart Asset’s index.

If you really love forking over money to the government move to New York or New Jersey, home to nine of the 10 most heavily taxed counties in the nation, including No. 1 Suffolk County.

The lowest taxes in the nation were paid by the 6,000 or so residents of Yukon Koyukuk and their fellow Alaskans in nearby Lake and Peninsula, thanks to ridiculously low fuel, property and sales taxes. Five South Dakota counties round out the top seven.

SmartAsset’s number crunchers compared the counties using information from several sources including the American Community Survey, the American Petroleum Institute, and GasBuddy. They then used the data to create an index, with a score of 100 being the county with he lowest tax burden.

You can see how they did it here.

Comments
Five members of 69ers motorcycle gang indicted on federal charges

Five members of 69ers motorcycle gang indicted on federal charges

Last year three members of the 69ers Motorcycle Club gang were implicated in the execution of a rival gang leader in the middle of rush hour traffic in Pasco County.Now those three and two other 69ers members have been indicted on federal charges tha...
Updated: 4 hours ago
With makeover, ZooTampa at Lowry Park takes a page from the theme parks

With makeover, ZooTampa at Lowry Park takes a page from the theme parks

TAMPA — Behind the construction walls near the carousel at ZooTampa at Lowry Park, hammers, saws and power drills made a racket in the blazing Friday heat. A raft full of 100-pound water jugs took test trips on the new Roaring Springs ride set ...
Updated: 5 hours ago
U.S. news outlets block European readers over new privacy rules

U.S. news outlets block European readers over new privacy rules

LONDON — U.S. news outlets including The Chicago Tribune, The Los Angeles Times, The Orlando Sentinel and The Arizona Daily Star abruptly blocked access to their websites from Europe on Friday, choosing to black out readers rather than comply with a ...
Updated: 8 hours ago
Tampa Electric appeals OSHA findings for October accident

Tampa Electric appeals OSHA findings for October accident

TAMPA — Tampa Electric Co. is appealing a recent citation by federal regulators. The Occupational Safety and Health Administration hit the utility with a $76,050 fine and a "serious" violation in April following its investigation into an accident in ...
Updated: 9 hours ago
Fiat Chrysler recalls 4.8 million cars, warning owners: Don’t use the cruise control

Fiat Chrysler recalls 4.8 million cars, warning owners: Don’t use the cruise control

Associated PressDETROIT — Fiat Chrysler is recalling 4.8 million vehicles in the U.S. because in rare but terrifying circumstances, drivers may not be able to turn off the cruise control. The company is warning owners not to use cruise control until...
Updated: 11 hours ago
Federal Reserve chairman warns his agency must be free from political pressure

Federal Reserve chairman warns his agency must be free from political pressure

Associated PressFederal Reserve Chairman Jerome Powell warned Friday that the Fed’s independence from political pressure must be respected if it is to succeed in controlling inflation, maximizing employment and regulating the financial system. His re...
Updated: 11 hours ago
Restaurants like Ford’s Garage use the experience to get you in the door

Restaurants like Ford’s Garage use the experience to get you in the door

Tim Butler’s first car was a Ford Model A pick-up truck — a pearl fawn and cherry red pick-up he got his senior year in high school from his dad, who renovates antique cars. That’s why as Butler waited for a table at the Ford’...
Updated: 11 hours ago
St. Petersburg man fined $507,513 in penny stock scheme

St. Petersburg man fined $507,513 in penny stock scheme

TAMPA — A St. Petersburg man was fined $507,513 and permanently barred from participating in the offering of a penny stock in a case involving a scheme to manipulate the price of Aureus, a penny stock company incorporated in Nevada, officials said Fr...
Updated: 12 hours ago
Broadcom’s CEO tops highest-paid list with a $103 million payout

Broadcom’s CEO tops highest-paid list with a $103 million payout

Times staff and wiresNEW YORK — Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million. Across the S&P 500, compensation for CEOs is often hundreds of times highe...
Published: 05/25/18
Denis Phillips, hurricane season guru, talks his signature beer, suspenders and Rule #7

Denis Phillips, hurricane season guru, talks his signature beer, suspenders and Rule #7

SAFETY HARBOR — Denis Phillips cracks a pop-top and pulls a can that looks a lot like him to his lips."It’s got that citrusy feel to it," he says. "Which is a Florida thing. That’s not bad." Indeed, there’s a grapefruit finish to Rule #7 Hurricane Sa...
Published: 05/25/18