Quick Answer
Companies and family offices moving to Naples in 2027 get:
- No state personal income tax
- A 5.5% corporate income tax that applies only to C corporations, on Florida income above $50,000
- No sales tax on commercial rent since October 2025
- Florida’s lowest combined sales tax rate, 6%, below Palm Beach County (6.5%) and Miami-Dade (7%)
Collier County offers its own job-creation grants, and a proposed constitutional amendment on the November 2026 ballot could cap annual assessment increases on commercial property at 5%.
Florida’s State Tax Structure: The Foundation
Every Florida county shares the same state tax base, and that’s what draws most relocations:
| State Tax | Florida Treatment |
|---|---|
| Personal income tax | None (constitutional) |
| Corporate income tax | 5.5% on Florida net income above $50,000 |
| S corporations and partnerships | No entity-level income tax |
| Commercial rent sales tax | Repealed October 1, 2025 |
| Business inventory | Exempt from property tax |
| Tangible personal property | First $25,000 exempt per site |
| Minimum wage | $15/hour since September 30, 2026 |
For family offices, the absence of a state income tax is the main draw. Most family offices are structured as LLCs or partnerships, so investment income flows to family members and isn’t taxed by Florida.
Naples vs. Palm Beach vs. Miami: Tax Comparison
| Factor | Naples (Collier) | Palm Beach County | Miami-Dade |
|---|---|---|---|
| Combined sales tax | 6% | 6.5% | 7% |
| County sales surtax | None since Jan. 2024 | 0.5% school surtax | 1% |
| State corporate income tax | 5.5% | 5.5% | 5.5% |
| Personal income tax | None | None | None |
| Local business tax receipts | Required | Required | Required |
| Tourist development tax | 5% (6% if Nov. 2026 vote passes) | Varies | Varies |
Why the Sales Tax Gap Matters
Collier dropped to the base state rate of 6% after its voter-approved 1% infrastructure surtax ended early in December 2023. It had raised $490 million for roads, bridges and public facilities.
- Palm Beach County repealed its 1% infrastructure surtax effective December 31, 2025. With a new 0.5% school surtax, its rate fell from 7% to 6.5% on January 1, 2026.
- Miami-Dade remains at 7% with its 1% surtax.
For companies buying equipment, furniture and technology for a new headquarters, the gap adds up. County surtaxes apply only to the first $5,000 of a single taxable purchase.
Watch item: Marco Island has asked Collier commissioners to bring back a 1% surtax, which would need voter approval. Separately, Collier voters will decide on November 3, 2026, whether to raise the tourist development tax on short-term stays from 5% to 6%, mainly to finish the Paradise Coast Sports Complex. That vote affects hotels and visitors, not most corporate operations.
The 2027 Wild Card: Florida’s Property Tax Amendment
On November 3, 2026, Florida voters will decide on HJR 1-F, a constitutional amendment the Legislature passed in a June 2026 special session. Key provisions:
- Larger homestead exemptions for primary residences.
- Lower cap on non-homestead increases: The annual assessment cap for non-homestead property, including commercial, rental and investment real estate, would drop from 10% to 5%.
- High bar to pass: It needs at least 60% voter approval.
- Timing: Most provisions would take effect January 1, 2027, if approved.
What It Means for Relocating Companies
- For owners of commercial property: A 5% cap would slow growth in taxable value for headquarters buildings, slowing future property tax increases.
- For executives: Bigger homestead exemptions lower the cost of a primary residence in Naples.
- The tradeoff: Business groups have warned that cutting homestead taxes could shift more of the tax burden to businesses and renters through higher non-homestead millage rates or fees. The 5% cap partly addresses that concern, but local governments may still raise rates.
Collier County Economic Development Incentives
Collier County runs its own incentive programs through its Office of Business and Economic Development. The county has offered the following programs. Confirm current funding and terms before planning around them.
Basic Industry Growth Promotion Incentive
- Purpose: Near-term job growth in base industries.
- Wage requirement: Pegged to the Collier County average for the company’s industry.
- No capital investment required.
- Clean-job bonus: An extra $500 per job for qualifying clean businesses.
- Payment: Over a four-year term, with annual verification of jobs and wages.
- Funding: Paid fully by the county for jobs in unincorporated Collier.
Capital Investment for Diversification Incentive
- Purpose: Encourages building space for target industries, including corporate headquarters.
- Investment: New capital investment is scaled to the amount of space built for target-industry occupants.
Advanced Long-term Productivity Strategy (ALPS)
ALPS was designed to attract high-wage corporate headquarters, with a minimum of 25 new jobs (10 in economically distressed areas). It was built as a local match to the state’s QTI program, which expired in 2020, so companies should expect the county’s other programs to be the main options.
Other County Tools
Collier has also offered fast-track regulatory review, fee payment assistance, a property tax stimulus program and industrial development revenue bonds through the Collier County Industrial Development Authority.
State Incentives Still Available
| Program | Best For |
|---|---|
| Capital Investment Tax Credit (CITC) | Large projects: 100+ jobs and $25M+ investment |
| High Impact Performance Incentive (HIPI) | Major high-impact facilities |
| Quick Response Training | Training new hires |
| Incumbent Worker Training | Upskilling current employees |
| R&D sales tax exemptions | Tech and life sciences equipment |
| Manufacturing machinery exemption | Eligible manufacturers |
Family Offices and Wealth Firms Are Following the Money
Naples’ concentration of ultra-high-net-worth residents keeps drawing financial firms:
- Rockefeller Global Family Office entered Naples in May 2026 by adding Coplin Wealth Partners, a team from Morgan Stanley. The firm’s president said Naples continues to see meaningful growth in private wealth. Rockefeller Capital Management oversaw $203 billion in client assets as of March 31, 2026.
- FBT Gibbons opened a Naples office with a trusts and estates team, describing the move as part of building a national high-net-worth and family office platform.
- Local family office cluster: Naples has a smaller but distinct group of family offices, including the Collier family’s Halstatt.
Naples vs. Southeast Florida: Beyond Taxes
Collier’s advantages:
- lowest combined sales tax among the three markets
- a concentrated, high-net-worth client base
- quality of life for executives
Southeast Florida’s advantages:
- larger labor pools
- more international flights
- denser professional services networks
- larger Class A office inventories in Miami and West Palm Beach
Shared costs across South Florida: Property insurance, housing for employees and the new $15 minimum wage.
Relocation Checklist for Naples in 2027
- Model your tax savings, including no state income tax for owners, corporate structure and the sales tax gap.
- Talk to Collier County’s Office of Business and Economic Development early. County incentives require approval before you commit.
- Watch the November 3, 2026, vote. It will set the 2027 property tax picture for commercial and homestead property.
- Establish Florida domicile for executives and owners: homestead filing, driver’s license, voter registration and a declaration of domicile.
- Get business tax receipts. Florida’s 2026 attempt to repeal local business taxes failed, so county and city receipts are still required.
- Plan for workforce housing. Hiring costs reflect Collier’s high housing prices.
- Evaluate state programs if you’ll create 100+ jobs or make major capital investments.
Frequently Asked Questions
What tax incentives and relocation benefits exist for businesses moving to Naples in 2027?
Businesses get:
- no state personal income tax
- a 5.5% corporate income tax only on C-corporation income above $50,000
- no sales tax on commercial rent
- Collier’s 6% sales tax, the lowest possible in Florida
Collier County also offers job-creation and capital investment incentives, and state training grants are available.
What is the sales tax rate in Naples, Florida?
6%, the base state rate. Collier County has had no local surtax since its 1% infrastructure surtax ended December 31, 2023.
Is Naples cheaper than Palm Beach or Miami for businesses?
On sales tax, yes. Collier is at 6%, Palm Beach County at 6.5% and Miami-Dade at 7%. All three share the same state corporate and personal income tax rules. Total costs also depend on office rents, insurance and labor.
Does Florida still offer the QTI tax refund?
No. The Qualified Target Industry program expired June 30, 2020. Collier’s ALPS incentive was tied to QTI, so companies should focus on Collier’s other programs and active state incentives.
How would the November 2026 property tax amendment affect businesses?
If approved by 60% of voters, HJR 1-F would cut the annual assessment cap on non-homestead property, including commercial real estate, from 10% to 5%, mostly starting January 1, 2027. It would also expand homestead exemptions for primary residences.
Why are family offices moving to Naples?
Mostly because of Florida’s lack of a state income tax and the concentration of wealthy families in the area. Firms such as Rockefeller Global Family Office and FBT Gibbons opened Naples operations in 2026 to serve them.
Sources and Further Reading
- Florida Department of Revenue, TIP 25A01-15, Palm Beach County Surtax Rate Update, December 1, 2025
- Florida Department of Revenue, Discretionary Sales Surtax Information (DR-15DSS)
- Collier County 311 Knowledge Base, Infrastructure Surtax Facts
- Gulfshore Business, “Collier County sales tax final projects 2025”
- Fox 4, “Marco Island seeks revival of one-cent county sales tax to fund infrastructure projects”
- Naples Press, “Collier County gears up for tourist tax educational campaign”
- Sparker’s Soapbox, “Collier County Tourist Development Tax Referendum 2026”
- Sales Tax Handbook, Collier County / Goodland sales tax rate, 2026
- Greater Tallahassee Chamber, Florida Property Tax Amendment (HJR 1-F) voter information guide, 2026
- Tax Foundation, “The Real November Ballot Question: Florida Property Tax Proposal”
- Barnes Walker, “Florida Property Tax Elimination: The 2026 Ballot Proposals”
- Florida TaxWatch, 2026 Legislative Session Update, Week 6
- NBC Miami, “House proposal to phase out property taxes in Florida moves forward”
- Florida Senate, CS/HB 103 (2026), Local Business Taxes: bill history
- Collier County, Basic Industry Growth Promotion Incentive program overview
- Collier County, Capital Investment for Diversification Incentive program overview
- Collier County, Advanced Long-term Productivity Strategy (ALPS) program overview
- Collier County, Economic Incentives Available
- Broward County, Business Attraction incentives (QTI expiration note)
- Business Wire, “Rockefeller Global Family Office Expands into Naples, Florida, Welcoming Coplin Wealth Partners,” May 2026
- Crain Currency, “Rockefeller Global Family Office plants flag in Naples with new deal,” May 21, 2026
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