Calculating the State Transfer Taxes

Whenever property transfers from one party (grantor) to another party (grantee), certain documents need to be recorded in the public records to give constructive notice. In order to record the required documents in the county records, certain transfer taxes must be paid.

Below you’ll find a table with the three main taxes in Florida (excluding Miami-Dade), what they are calculated off of, and what the tax rate is. Then, below the table is a step-by-step video that will walk you through how to calculate each of the taxes as well as a practice question to help you prepare for how you will see it on the Florida real estate state exam.

State Transfer Taxes

Transfer Tax Name
Calculated Using
Tax Rate
Documentary Stamp Tax on the Deed
Purchase Price
$0.70 per stamp
Documentary Stamp Tax on the Note
Loan Amount (All Loans)
$0.35 per stamp
Intangible Tax on the Mortgage Lien
Loan Amount (New Only)
$0.001 per $1

VIDEO:

Now that you have the basics, watch the video below as Kevin Johnson walks you through calculating each of the taxes.

Play Video

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