Florida Documentary Stamp Tax
Content provided for general information. Talk to your advisor to learn about recent updates or other rules that may apply to your situation.
The Florida Documentary Stamp Tax is a tax on the transfer of real property or taking out a mortgage. Some people call it a tax on buying a house, but whether the buyer or seller pays is negotiable.
What is the Documentary Stamp Tax rate?
The tax depends on the amount of consideration given for the transaction. This will usually be the purchase price. There is a separate rate for notes and mortgages (discussed further down in this post).
The normal tax rate is $0.70 for each $100 of consideration or portion thereof. (Section 201.02(1)(a), Florida Statutes (F.S.)) For example, if there is $110 in consideration, the tax is $1.40.