Cost of Doing Business

While it isn’t difficult to determine that power and fuel costs will be lower in sunny Sarasota County than say, the northeast where winter cold and snow drive costs higher, there are other benefits to doing business in Florida that should be considered when deciding on the right home base for your firm.

Sarasota County’s low property tax millage rate – one of the lowest in the state - combined with personal and corporate tax advantages offered in Florida, set the stage for significant savings to your bottom line. Our cost of living is favorable compared to many other quality communities in the nation.

Florida has no personal income tax, no annual franchise tax on stock or equity, no tax on inventory or goods in-transit, and no state level ad valorem tax.

From a housing standpoint, Florida is loaded with great value buys on new and existing homes. And a residential homestead exemption of up to $50,000 annually saves on personal property taxes.

For more information on tax and power rates, wages, housing and other costs of doing business, check out our Fast Facts for Sarasota County.  You may also be interested in our Cost of Living Calculator and state and local incentives.