Taxes in New Smyrna Beach, Florida
Complete tax guide for New Smyrna Beach, FL. No state income tax, 0.88% property tax, 6.15% sales tax. Calculate your total tax burden.
State Income Tax
None
Florida
Property Tax
0.88%
Effective rate
Sales Tax
6.15%
Combined rate
Tax Burden
Low
New Smyrna Beach, FL Tax Overview
No state income tax; higher property taxes and sales tax offset
Population
30,302
Median Income
$52,900
Cost of Living
100.5 (100 = avg)
State Income Tax
None
Median Home Price
$365,000
New Smyrna Beach Tax Calculator
Pre-filled with New Smyrna Beach median: $52,900
Total Tax Burden in New Smyrna Beach
$8,356
Take-Home: $44,544 · Effective Rate: 15.80%
Federal Tax
$4,310
8.15% eff.
FL State
$0
0.00% eff.
FICA
$4,047
7.65% eff.
Take-Home
$44,544
84.20% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $52,900.00 | $4,408.33 |
| Federal Income Tax | -$4,309.50 | -$359.13 |
| Florida State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$3,279.80 | -$273.32 |
| Medicare (1.45%) | -$767.05 | -$63.92 |
| Take-Home Pay | $44,543.65 | $3,711.97 |
Property Tax in New Smyrna Beach
Median Home
$365,000
Annual Tax
$3,212
Monthly Tax
$268
Effective Rate
0.88%
Sales Tax in New Smyrna Beach
Combined Rate
6.15%
State Portion
~3.7%
Local Portion
~2.5%
The combined sales tax rate in New Smyrna Beach is 6.15%, which is below the national average of 7.12%. On a $100 purchase, you would pay $6.15 in sales tax.
Tax Burden Comparison
| Tax Type | New Smyrna Beach | Florida Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 0.88% | ~0.88% | 1.1% |
| Sales Tax | 6.15% | ~6.15% | 7.12% |
| Overall Burden | Low | — | Moderate |
Tax Saving Tips for New Smyrna Beach 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 New Smyrna Beach (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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See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in New Smyrna Beach, FL?
New Smyrna Beach, Florida has no state income tax. The property tax rate is 0.88% and the combined sales tax rate is 6.15%. No state income tax; higher property taxes and sales tax offset
How much is property tax in New Smyrna Beach?
The effective property tax rate in New Smyrna Beach is 0.88%. On the median home price of $365,000, this equals approximately $3,212 per year or $268 per month. This is below the national average of 1.1%.
What is the sales tax rate in New Smyrna Beach?
The combined sales tax rate in New Smyrna Beach is 6.15%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does New Smyrna Beach's tax burden compare to other cities?
New Smyrna Beach has a low overall tax burden. The effective total tax rate for a median-income household is approximately 23.1%. 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 New Smyrna Beach?
New Smyrna Beach 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