Sales Tax in Inverness, Florida in 2024
- Inverness Sales Tax Rate 2024
- How Does the Inverness Sales Tax Compare to the Rest of Florida?
- What Creates Sales Tax Nexus in Inverness?
- What Products Are Exempt from Inverness Sales Tax?
- Who Needs a Sales Tax Permit in Inverness?
- How to Collect Sales Tax in Inverness
- How to File and Pay Sales Tax in Inverness
In Inverness, you only have to pay the Florida state sales tax (6.00%). There is no county, city or special sales tax.
We'll walk you through how the sales tax rate is determined for Inverness and address some common questions you may have. We'll also cover how to collect, audit, and remit sales tax in Inverness.
Plus, we’ll share the best solution that will ensure you are always compliant across the entire sales tax lifecycle.
Disclaimer: Our sales tax data is updated on a quarterly basis.
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Inverness Sales Tax Rate 2024
Florida cities generally don’t levy any city or special sales tax, but most counties in Florida do levy a sales tax between 0.50% and 1.50%.
But Inverness is located in Citrus County, which is the exception. Inverness businesses only need to pay the state sales tax of 6.00% and no additional local taxes.
This rate applies to the following zip codes in Inverness:
34453, 34450, 34452 |
How Does the Inverness Sales Tax Compare to the Rest of Florida?
Inverness is among the cities with the lowest sales tax rate (6.00%) in Florida. It is 1.50% lower than Florida’s highest rate, which sits at 7.50% and can be found in cities like Noma.
To give you a better idea, here’s a comparison of Inverness sales tax rates with a few other cities in Florida:
City | Sales Tax Rates |
Inverness | 6.00% |
Oakland | 6.50% |
Marineland | 6.50%-7.00% |
Fort Meade | 7.00% |
Noma | 7.50% |
You can also compare the sales tax rate of Inverness against the Florida cities closest in population size:
- North Bay Village's sales tax rate is 7.00%
- Newberry's sales tax rate is 7.50%
What Creates Sales Tax Nexus in Inverness?
Inverness follows the Florida state sales tax law. There are no separate nexus rules specifically for Inverness other than the Florida state tax law.
Read More: Check out this detailed guide on Sales Tax in Florida.
Florida state sales tax nexus rules include:
- Economic Nexus: Businesses that sell any taxable items.
- Physical Location: Businesses with physical establishments, such as a warehouse, office, or distribution in the state.
- Employee Location: Businesses with employees and other representatives in Florida.
- Affiliate Nexus: Out-of-state businesses making remote sales of $100,000 or more in the previous calendar year.
- Trade Shows: Businesses that sell taxable goods and services in trade shows.
- Tangible Personal Property: Businesses that sell any taxable tangible personal property.
What Products Are Exempt from Inverness Sales Tax?
Florida sales tax law grants certain tax exemptions, which apply to Inverness as well. (There are no separate exemptions for Inverness taxpayers outside of these.)
- Common household medicines like allergy relief products and antiseptics.
- Chemical compounds and test kits like allergy test kits and blood pressure kits.
- Cosmetics and toilet articles like suntan lotion, makeup, and body lotion.
- Optical goods like prescription glasses and contact lenses.
- General groceries like baking goods and cereal products.
- Infant supplies like baby formulas and teething powder.
- Seeds and fertilizers like herbicides, pesticides, and fungicides.
Who Needs a Sales Tax Permit in Inverness?
A sales tax permit or seller's permit is typically issued by states in the United States. You can apply for one at the Florida Department of Revenue website or use a DR-1 form. A seller's permit allows you to collect and remit sales tax on your products.
You need one if you:
- Sell and manufacture any taxable items in Inverness or anywhere in Florida.
- Repair or alter tangible personal property.
- Rent or lease real and personal property (commercial office space or hotels).
- Charges for admission to any place of amusement, sport, or recreation.
- Operate private membership clubs.
- Sell Imported goods or use them in the business.
- Sell service warranty contracts.
- Provide taxable services.
How to Collect Sales Tax in Inverness
Since Florida is a destination-based sales tax sourcing state, the same applies to Inverness. This implies that when you sell a taxable product in Florida, you should charge the sales tax rate of the buyer’s delivery address.
Florida sales tax rules apply to all interstate and intrastate sales made to a Florida delivery address.
For instance, if a business is located in Newark, New Jersey and sells to a buyer in Inverness, Florida, they have to charge the buyer the Inverness sales tax rate.
Learn more about origin-based and destination-based sales tax sourcing here.
How to File and Pay Sales Tax in Inverness
Taxpayers have four options for filing and paying a Inverness sales tax return:
- File and pay sales tax online at the Florida Department of Revenue website.
- File and pay by mail by using Florida form DR-15.
- Or, you can say goodbye to the tedious paperwork and hello to stress-free sales tax management with Zamp. We help you automate sales tax filings, check your transactions, and manage the nitty-gritty of ongoing compliance without a third-party — wherever you are in the United States!
With our white-glove onboarding, rooftop accurate calculations, proactive nexus monitoring, expert tax professional services, and click-to-approve sales tax registrations & filings, we take care of all the sales tax responsibilities for you. You can focus on your business and clients without worrying about the complexities of sales tax. We also ensure that you always stay compliant.
Find Sales Tax Information for Other Florida Cities
- Inverness Sales Tax Rate 2024
- How Does the Inverness Sales Tax Compare to the Rest of Florida?
- What Creates Sales Tax Nexus in Inverness?
- What Products Are Exempt from Inverness Sales Tax?
- Who Needs a Sales Tax Permit in Inverness?
- How to Collect Sales Tax in Inverness
- How to File and Pay Sales Tax in Inverness