Taxes in Coconut Creek, Florida
Complete tax guide for Coconut Creek, FL. No state income tax, 0.84% property tax, 8.2% sales tax. Calculate your total tax burden.
State Income Tax
None
Florida
Property Tax
0.84%
Effective rate
Sales Tax
8.2%
Combined rate
Tax Burden
Low
Coconut Creek, FL Tax Overview
No state income tax; higher property taxes and sales tax offset
Population
60,935
Median Income
$62,000
Cost of Living
100.5 (100 = avg)
State Income Tax
None
Median Home Price
$357,000
Coconut Creek Tax Calculator
Pre-filled with Coconut Creek median: $62,000
Total Tax Burden in Coconut Creek
$10,145
Take-Home: $51,856 · Effective Rate: 16.36%
Federal Tax
$5,402
8.71% eff.
FL State
$0
0.00% eff.
FICA
$4,743
7.65% eff.
Take-Home
$51,856
83.64% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $62,000.00 | $5,166.67 |
| Federal Income Tax | -$5,401.50 | -$450.13 |
| Florida State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$3,844.00 | -$320.33 |
| Medicare (1.45%) | -$899.00 | -$74.92 |
| Take-Home Pay | $51,855.50 | $4,321.29 |
Property Tax in Coconut Creek
Median Home
$357,000
Annual Tax
$2,999
Monthly Tax
$250
Effective Rate
0.84%
Sales Tax in Coconut Creek
Combined Rate
8.2%
State Portion
~5.7%
Local Portion
~2.5%
The combined sales tax rate in Coconut Creek is 8.2%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.20 in sales tax.
Tax Burden Comparison
| Tax Type | Coconut Creek | Florida Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 0.84% | ~0.84% | 1.1% |
| Sales Tax | 8.2% | ~8.2% | 7.12% |
| Overall Burden | Low | — | Moderate |
Tax Saving Tips for Coconut Creek 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 Coconut Creek (0.84%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- The combined sales tax rate of 8.2% is relatively high. Consider making large purchases in lower-tax jurisdictions or online retailers that do not charge local tax rates.
- 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 Coconut Creek, FL?
Coconut Creek, Florida has no state income tax. The property tax rate is 0.84% and the combined sales tax rate is 8.2%. No state income tax; higher property taxes and sales tax offset
How much is property tax in Coconut Creek?
The effective property tax rate in Coconut Creek is 0.84%. On the median home price of $357,000, this equals approximately $2,999 per year or $250 per month. This is below the national average of 1.1%.
What is the sales tax rate in Coconut Creek?
The combined sales tax rate in Coconut Creek is 8.2%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Coconut Creek's tax burden compare to other cities?
Coconut Creek has a low overall tax burden. The effective total tax rate for a median-income household is approximately 22.5%. The absence of state income tax significantly reduces the overall burden. Cost of living index is 100.5 (100 = national average).
Are there any local taxes in Coconut Creek?
Coconut Creek 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). No state income tax; higher property taxes and sales tax offset