Taxes in Palm Coast, Florida
Complete tax guide for Palm Coast, FL. No state income tax, 0.91% property tax, 8.73% sales tax. Calculate your total tax burden.
State Income Tax
None
Florida
Property Tax
0.91%
Effective rate
Sales Tax
8.73%
Combined rate
Tax Burden
Low
Palm Coast, FL Tax Overview
No state income tax; higher property taxes and sales tax offset
Population
91,495
Median Income
$58,800
Cost of Living
99.4 (100 = avg)
State Income Tax
None
Median Home Price
$411,000
Palm Coast Tax Calculator
Pre-filled with Palm Coast median: $58,800
Total Tax Burden in Palm Coast
$9,516
Take-Home: $49,284 · Effective Rate: 16.18%
Federal Tax
$5,018
8.53% eff.
FL State
$0
0.00% eff.
FICA
$4,498
7.65% eff.
Take-Home
$49,284
83.82% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $58,800.00 | $4,900.00 |
| Federal Income Tax | -$5,017.50 | -$418.13 |
| Florida State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$3,645.60 | -$303.80 |
| Medicare (1.45%) | -$852.60 | -$71.05 |
| Take-Home Pay | $49,284.30 | $4,107.03 |
Property Tax in Palm Coast
Median Home
$411,000
Annual Tax
$3,740
Monthly Tax
$312
Effective Rate
0.91%
Sales Tax in Palm Coast
Combined Rate
8.73%
State Portion
~6.2%
Local Portion
~2.5%
The combined sales tax rate in Palm Coast is 8.73%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.73 in sales tax.
Tax Burden Comparison
| Tax Type | Palm Coast | Florida Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 0.91% | ~0.91% | 1.1% |
| Sales Tax | 8.73% | ~8.73% | 7.12% |
| Overall Burden | Low | — | Moderate |
Tax Saving Tips for Palm Coast 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 Palm Coast (0.91%) 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 8.73% 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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See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Palm Coast, FL?
Palm Coast, Florida has no state income tax. The property tax rate is 0.91% and the combined sales tax rate is 8.73%. No state income tax; higher property taxes and sales tax offset
How much is property tax in Palm Coast?
The effective property tax rate in Palm Coast is 0.91%. On the median home price of $411,000, this equals approximately $3,740 per year or $312 per month. This is below the national average of 1.1%.
What is the sales tax rate in Palm Coast?
The combined sales tax rate in Palm Coast is 8.73%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Palm Coast's tax burden compare to other cities?
Palm Coast has a low overall tax burden. The effective total tax rate for a median-income household is approximately 24.2%. The absence of state income tax significantly reduces the overall burden. Cost of living index is 99.4 (100 = national average).
Are there any local taxes in Palm Coast?
Palm Coast 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