Taxes in Coral Springs, Florida
Complete tax guide for Coral Springs, FL. No state income tax, 0.88% property tax, 7% sales tax. Calculate your total tax burden.
State Income Tax
None
Florida
Property Tax
0.88%
Effective rate
Sales Tax
7%
Combined rate
Tax Burden
Low
Coral Springs, FL Tax Overview
No state income tax
Population
134,394
Median Income
$70,812
Cost of Living
107.5 (100 = avg)
State Income Tax
None
Median Home Price
$375,000
Coral Springs Tax Calculator
Pre-filled with Coral Springs median: $70,812
Total Tax Burden in Coral Springs
$12,610
Take-Home: $58,202 · Effective Rate: 17.81%
Federal Tax
$7,193
10.16% eff.
FL State
$0
0.00% eff.
FICA
$5,417
7.65% eff.
Take-Home
$58,202
82.19% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $70,812.00 | $5,901.00 |
| Federal Income Tax | -$7,192.64 | -$599.39 |
| Florida State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$4,390.34 | -$365.86 |
| Medicare (1.45%) | -$1,026.77 | -$85.56 |
| Take-Home Pay | $58,202.24 | $4,850.19 |
Property Tax in Coral Springs
Median Home
$375,000
Annual Tax
$3,300
Monthly Tax
$275
Effective Rate
0.88%
Sales Tax in Coral Springs
Combined Rate
7%
State Portion
~4.5%
Local Portion
~2.5%
The combined sales tax rate in Coral Springs is 7%, which is below the national average of 7.12%. On a $100 purchase, you would pay $7.00 in sales tax.
Tax Burden Comparison
| Tax Type | Coral Springs | Florida Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 0.88% | ~0.88% | 1.1% |
| Sales Tax | 7% | ~7% | 7.12% |
| Overall Burden | Low | — | Moderate |
Tax Saving Tips for Coral Springs 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 Coral Springs (0.88%) 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 Coral Springs, FL?
Coral Springs, Florida has no state income tax. The property tax rate is 0.88% and the combined sales tax rate is 7%. No state income tax
How much is property tax in Coral Springs?
The effective property tax rate in Coral Springs is 0.88%. On the median home price of $375,000, this equals approximately $3,300 per year or $275 per month. This is below the national average of 1.1%.
What is the sales tax rate in Coral Springs?
The combined sales tax rate in Coral Springs is 7%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Coral Springs's tax burden compare to other cities?
Coral Springs has a low overall tax burden. The effective total tax rate for a median-income household is approximately 25.6%. The absence of state income tax significantly reduces the overall burden. Cost of living index is 107.5 (100 = national average).
Are there any local taxes in Coral Springs?
Coral Springs 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