Doc Stamps & Closing Costs

A documentary stamp tax is levied on documents that convey interest in real property.  In all Florida counties except Miami-Dade the doc stamp is calculated  as $.70 per $100 of the total consideration paid.  The documentary stamp tax on mortgage instruments and liens is $.35 per $100 dollars of value.  It is customary that the buyer pays the documentary stamp tax on the mortgage and that the seller pays the documentary stamp tax on the deed at closing.

Documents that convey interest in real property and that are subject to taxation include:

• Warranty deeds
• Quit claim deeds
• Deeds in lieu of foreclosure
• Easements
• Assignments of beneficial interest in a trust
• Assignments of leasehold interest

To calculate closing costs on any real estate transaction including title insurance  you can use my closing cost calculator.