Town of Miami Lakes Social Icons Join the Miami Lakes Mailing ListMiami Lakes Business DirectoryDownload the Lakes Life Mobile AppVisit the I Heart Miami Lakes websiteVisit the Town of Miami Lakes Facebook Page Visit the Town of Miami Lakes Twitter page
  • Orthopedic Center of South Florida - January 2017
  • What's On Your Mind - July 2015
  • BankUnited - January 2017
  • Sushi Bombs - June 2017
  • Starbucks Coffe Company - April 2017
  • Mathnasium Learning Center - June 2017
  • Frosty's Nitrogen Lab - April 2017
  • Edward Jones - July 2018
  • Bankers Title & Escrow Services and Annette Sanchez Law - July 2017
  • Dog House Miami - August 2017
  • F.I.T. Therapy - June 2017
Tax Structure

Miami Lakes’ tax structure places it in a competitive position with other metropolitan areas. Businesses in Miami Lakes enjoy:

  • No local corporate income taxes 
  • No state or local personal income taxes 
  • No property tax on business inventories 
  • No corporate tax on limited partnerships 
  • No property tax on goods in transit for up to 180 days
  • No sales and use tax on goods manufactured or produced in the state for export outside the state 
  • No sales tax on purchases of raw materials incorporated in a final product for resale 
  • No sales/use tax on boiler fuels 
  • No sales/use tax on co-generation of electricity 
  • No franchise tax on capital stock 
  • Sales tax exemption on labor component of r&d expenditures 
  • Sales/use tax exemption for the entertainment and manufacturing industries

The Town of Miami Lakes is in excellent financial condition, as recognized by Moody’s and Fitch, with an AA+ rating for the Town’s bond issue. The Town also maintains one of the lowest tax rates in Miami-Dade County, ranking 5th amongst all of the cities in Miami-Dade County in the millage rate they impose on property values, which is the main source of funding for local governments. In 2011, the Town distributed $525,000 of unspent funds from the prior fiscal year which translated into a $75.00 dividend to all homestead-exempt Town residents. The Town is one of few local governments in the County that has ever returned monies to its residents.

 

 


Town of Miami Lakes Marketplace Directory