Miamism Blog

You are here

Sales Tax Decrease

Enrique Garcia
rick@miamism.com

To all our clients and readers with commercial properties, keep in mind there is a sales tax decrease for real property rentals which include:

  • Commercial office or retail space
  • warehouses
  • self-storage units or mini warehouses

Effective January 1, 2018, the sales tax rate decreases to 5.8% from 6%.  This does not affect the discretionary surtax imposed by many counties in Florida.  For example, Miami-Dade county has a 1% surtax so the new tax rate is 6.8% (5.8% plus the 1% surtax).

For additional information, visit the Florida Department of Revenue.


Recent Posts

  • Jan 15, 2018

No real estate transaction is easy but not all of them are as complicated as this last one.  We received a referral from a Washington REALTOR and we take referrals to heart because our reputation is very important to us. ... more

Time to report about Surfside's Real Estate market in 2017.  While a lot of neighborhoods around Miami didn't fare that well last year, Surfside remained a power to be reckoned with.  The market did slow down in number of... more

Is 2017 really over?? Talk about a strange year for real estate.  Strange because the media tried to push gloom and doom but they didn't really succeed.  Small cities like Miami Shores continued to appreciate but the market... more

  • Dec 30, 2017

2017 seems like a quick blink but doesn't that always happen? Then you start looking back and think of everything that happened and all of your accomplishments as well as difficult times and problems.  The trick, no matter... more

Our Twitter

What is the Value of my Home?

Obtain a free personalized home pricing report.