Florida Closing Cost Calculator
Calculate documentary stamp tax on deeds and promissory notes under Florida law (F.S. 201.02 and F.S. 201.08).
About Florida Documentary Stamp Tax
Florida documentary stamp tax is a state transfer tax imposed on documents that transfer an interest in real property. The tax on deeds is governed by F.S. 201.02, and the tax on promissory notes and mortgages is governed by F.S. 201.08. The statewide rate on deeds is $0.70 per $100 of the purchase price or consideration paid. Miami-Dade County has a lower base rate of $0.60 per $100 for single-family residential property. Under both statutes, fractional amounts of $100 are always rounded up to the next full $100 before applying the rate — a $350,050 sale price is treated as $350,100 for calculation purposes.
These calculations appear frequently on the Florida Real Estate Sales Associate exam administered by Pearson VUE on behalf of the Florida Department of Business and Professional Regulation (DBPR). Candidates must know both the statewide and Miami-Dade deed rates, the promissory note rate, which party pays each tax, and how to apply the rounding rule correctly. The documentary stamp tax on the deed is customarily paid by the seller; the documentary stamp tax on the promissory note is paid by the buyer or borrower. Exam questions will often specify the county and test whether you apply the correct rate.