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

How is the Surfside Real Estate Market Doing? There are currently 48 Surfside homes for sale: (same as October). Highest priced listing:  $10,000,000 - 1332 Biscaya Dr - house on 14,903 SF lot with 100' of wide bay, water ... more

This whole week is about art and more art and we are so happy to feature a local artist that is beyond amazing! We're talking about the talent behind those incredible feminine murals you see all over Miami, @didirok herself... more

So much talk about art, culture and food during Art Basel and Art Week 2018, but we can't forget Miami's amazing architecture.  In this special Art Basel 2018 - Architecture Edition, I am including national sources that talk... more

How is the Miami Shores Real Estate Market Doing? There are currently 108 homes for sale:  (compared to 115 in October) Highest priced listing is $5,590,000 $5,400,000 for the bay front home located at 9901 NE 13 Ave with 93... more

What is the Value of my Home?

Obtain a free personalized home pricing report.