Florida Realty Transfer Tax (Documentary Stamps)
The Florida realty transfer tax, officially the documentary stamp tax, is imposed on every transfer of real property and every mortgage obligation. It is one of the largest closing costs in Florida transactions.
Tax Rates
- Deeds (statewide): $0.70 per $100 of consideration
- Deeds (Miami-Dade): $0.60 per $100 + $0.45 surtax
- Mortgages: $0.35 per $100 of the obligation
- Intangible tax on mortgages: $0.002 per $.00 (2 mills)
Calculation Example ($400,000 Sale)
- Deed stamps: $400,000 ÷ 100 × $0.70 = $2,800 (seller pays)
- Mortgage stamps ($320K loan): $320,000 ÷ 100 × $0.35 = $1,120 (buyer pays)
- Intangible tax: $320,000 × 0.002 = $640 (buyer pays)
Exemptions
- Transfers between spouses in divorce
- Government entity transfers
- Certain bankruptcy transfers
- Mortgage assumption (stamps on net new money only)
Related Terms
- Closing — Where stamps are collected
- Closing Costs — Stamps as a major expense
- Evidence of Title — Recording requires stamp payment
Barnes Walker Title Services
Barnes Walker Title calculates and collects all transfer taxes for Florida real estate closings, ensuring accurate payment and proper recording. Submit a title inquiry for assistance.
Florida Law Reference
Fla. Stat. Ch. 201
Imposes a documentary stamp tax on deeds, mortgages, and other documents that transfer an interest in Florida real property. The rate is $0.70 per
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