No Florida estate tax is due for decedents who died on or after January 1, 2005. Every Florida resident, nonresident, and nonresident alien with Florida property that is required to file a federal estate tax return (Form 706 or Form 706-NA).Valuing and Appraising Estate Assets. In Florida, most beneficiaries are free of inheritance tax, but there are exceptions. Find out when inherited assets are taxable and what options you have.