Documentary Stamp Tax
A Florida tax on deeds and on notes or mortgages, charged at 0.70 per 100 on deeds and 0.35 per 100 on the obligation.
Documentary stamp tax is a Florida excise tax on documents that transfer interests in real property or that create debt obligations. On a deed, the rate is 0.70 dollars per 100 dollars of consideration, rounded up to the next 100. On a promissory note or mortgage, the rate is 0.35 dollars per 100 of the obligation.
Miami-Dade County is the exception on deeds: the rate is 0.60 per 100 for a single-family residence and 1.05 per 100 (0.60 plus a 0.45 surtax) for any other property type.
On the exam
Worked example
A 425,150 dollar deed in Orange County rounds up to 425,200. Then 425,200 divided by 100 equals 4,252 units, times 0.70 equals 2,976.40 dollars.
Exam trap
Tested in
Computations and Closing (6% of the exam)
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- Intangible Tax
A one-time Florida tax of 2 mills (0.002) on the amount of a new mortgage secured by Florida real property.
- Millage Rate
The property tax rate expressed in mills, where one mill equals 1 dollar of tax per 1,000 dollars of taxable value.
- Homestead Exemption (Tax)
A Florida property tax reduction of up to 50,000 on a primary residence, applied in two 25,000 layers.
This definition is Florida real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.