Shopping areas are scattered throughout Bay
County. The Panama City area provides an array of
shopping--from the local mall to discount stores, exclusive stores to
souvenirs.
Florida has no personal income tax or inheritance tax. There
is a state corporate tax of 5.5 percent on net income with an exemption on the
first $5,000 of corporate profit. There is a retail sales tax of six percent. Ad
valorem (real estate) taxes combine city, county and school district levies,
plus special assessments. Florida's Homestead Exemption Act saves home owners
taxes on the first $25,000 of assessed value. Property is assessed at
approximately 100 percent of true market value.
State Taxes
|
|
| Corporate Income Tax |
5.5 % |
| Personal Income Tax |
None |
| State REtail Sales Tax |
6.0% |
| Gasoline Tax |
$0.125 per
gallon |
See
Contact/links for specific centers.