WalletHub's 2017 Taxpayer Survey and its yearly Tax Rates by State finds Floridians' tax burden from state and local governments fairly reasonable. Overall, Florida ranked 10th for its effective state and local tax rate, meaning only nine other states charge less.  Florida has no state income tax.  Many people from northern states purchase homes and condos in this area because they can save significantly on income tax and property tax.                  CLICK HERE for information about Sarasota homes for sale.