Tax Information

Florida's Tax Climate

When deciding on a State to place your business, Florida's stable and highly favorable tax climate provides advantages that make a Florida and Longwood specific site profitable for every type of business. The Tax Foundation, the nation's leading independent tax policy research organization has ranked Florida as having the fifth best Tax Climate for the upcoming year (2015). The maps provided share Florida's ranking with regard to other states.

Florida has...
  • No corporate income tax on limited partnerships
  • No corporate income tax on subchapter S-corporations
  • No state personal income tax guaranteed by constitutional provision
  • No corporate franchise tax on capital stock
  • No state level property tax assessed
  • No property tax on business inventories
  • No property tax on goods-in-transit for up to 180 days
  • No sales and use tax on goods manufactured or produced in Florida for export outside of state
  • No sales tax on purchases of raw materials incorporated in a final product for resale
  • No sales/use tax on co-generation of electricity
The City of Longwood's sales tax rate is 7%. All property is taxable at 100% of its just valuation. The City of Longwood's millage for property is 18.5885.