Taxes in Cape Coral, Florida
Complete tax guide for Cape Coral, FL. No state income tax, 0.93% property tax, 6.5% sales tax. Calculate your total tax burden.
State Income Tax
None
Florida
Property Tax
0.93%
Effective rate
Sales Tax
6.5%
Combined rate
Tax Burden
Low
Cape Coral, FL Tax Overview
Population
194,016
Median Income
$61,254
Cost of Living
98.3 (100 = avg)
State Income Tax
None
Median Home Price
$310,000
Cape Coral Tax Calculator
Pre-filled with Cape Coral median: $61,254
Total Tax Burden in Cape Coral
$9,998
Take-Home: $51,256 · Effective Rate: 16.32%
Federal Tax
$5,312
8.67% eff.
FL State
$0
0.00% eff.
FICA
$4,686
7.65% eff.
Take-Home
$51,256
83.68% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $61,254.00 | $5,104.50 |
| Federal Income Tax | -$5,311.98 | -$442.66 |
| Florida State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$3,797.75 | -$316.48 |
| Medicare (1.45%) | -$888.18 | -$74.02 |
| Take-Home Pay | $51,256.09 | $4,271.34 |
Property Tax in Cape Coral
Median Home
$310,000
Annual Tax
$2,883
Monthly Tax
$240
Effective Rate
0.93%
Sales Tax in Cape Coral
Combined Rate
6.5%
State Portion
~4.0%
Local Portion
~2.5%
The combined sales tax rate in Cape Coral is 6.5%, which is below the national average of 7.12%. On a $100 purchase, you would pay $6.50 in sales tax.
Tax Burden Comparison
| Tax Type | Cape Coral | Florida Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 0.93% | ~0.93% | 1.1% |
| Sales Tax | 6.5% | ~6.5% | 7.12% |
| Overall Burden | Low | — | Moderate |
Tax Saving Tips for Cape Coral Residents
- Florida has no state income tax, meaning your income is only subject to federal taxes and FICA. Consider investing your tax savings into a Roth IRA for tax-free growth.
- Property tax in Cape Coral (0.93%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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Very LowCalculate Your Full Florida Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Cape Coral, FL?
Cape Coral, Florida has no state income tax. The property tax rate is 0.93% and the combined sales tax rate is 6.5%.
How much is property tax in Cape Coral?
The effective property tax rate in Cape Coral is 0.93%. On the median home price of $310,000, this equals approximately $2,883 per year or $240 per month. This is below the national average of 1.1%.
What is the sales tax rate in Cape Coral?
The combined sales tax rate in Cape Coral is 6.5%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Cape Coral's tax burden compare to other cities?
Cape Coral has a low overall tax burden. The effective total tax rate for a median-income household is approximately 25.5%. The absence of state income tax significantly reduces the overall burden. Cost of living index is 98.3 (100 = national average).
Are there any local taxes in Cape Coral?
Cape Coral does not impose a separate local or city income tax. Residents pay no state income tax, federal income tax, and FICA (Social Security and Medicare).