Property tax, transfer tax and closing costs in Florida

Florida: Documentary stamp tax on the deed of $0.70 per $100 of consideration ($0.60 in Miami-Dade for single-family, plus a $0.45 surtax on other property). On a mortgage, $0.35 per $100 of the note plus a 0.2% nonrecurring intangible tax. Seller customarily pays the deed stamps. Buyer customarily pays the note stamps and intangible tax. Annual assessment as of January 1 by the county property appraiser.

Reviewed October 15, 2026. Every line links its statute or official source.

What Florida sets

Transfer tax: Documentary stamp tax on the deed of $0.70 per $100 of consideration ($0.60 in Miami-Dade for single-family, plus a $0.45 surtax on other property). On a mortgage, $0.35 per $100 of the note plus a 0.2% nonrecurring intangible tax. Source: floridarevenue.com
Who customarily pays: Seller customarily pays the deed stamps. Buyer customarily pays the note stamps and intangible tax. Source: floridarevenue.com
Local transfer taxes: Miami-Dade County uses $0.60 per $100 for single-family residences and adds a $0.45 surtax on other property. Source: floridarevenue.com
Reassessment cycle: Annual assessment as of January 1 by the county property appraiser. Source: floridarevenue.com
Homestead and other exemptions: Homestead exemption of up to $50,000 ($25,000 on all levies plus $25,000 on non-school levies above $50,000 of value) and the Save Our Homes 3% annual cap on assessed value, which resets on sale. Source: floridarevenue.com
Owner’s title policy: Custom varies by county. Seller pays in most counties, buyer pays in Miami-Dade, Broward, Sarasota and Collier. Source: myfloridacfo.com
How closings run: Title company closings are customary. Attorneys close in some counties. Source: myfloridacfo.com
Survey: Not stated. No official source confirmed this yet.
Other closing customs: Not stated. No official source confirmed this yet.

Florida transfer tax on a $359,000 sale

Documentary stamp tax on the deed ($0.70 per $100)seller pays$2,513$359,000 ÷ $100 = 3,590 units (rounded up for any fraction) × $0.70 = $2,513

seller pays: $2,513
Total transfer tax: $2,513

Statutory transfer taxes on a $359,000 sale, as of the reviewed date. Who pays is custom and contract outside the statute’s primary liability. Local taxes described above are not in this figure unless listed as a line. Recording fees, title and attorney charges are separate.

Open the Florida transfer tax calculator, with a link to share and an embed for your site.

Typical property tax in Florida

Median real-estate tax paid: $2,730 a year
Per month: $228
Median owner-occupied home value: $359,000
Effective rate they imply: 0.76%

Census American Community Survey five-year file, 2020-2024, tables B25103 and B25077, owner-occupied homes. The median bill rose 43% against the 2015-2019 file. An estimate for a typical home, not yours. Your bill depends on the parcel, its exemptions and the next reassessment.

For agents

Your buyers ask what closing costs in Florida and who pays. This page answers from the statute, with the date it was checked. Send it, or embed the calculator on your own site.

Ike lets a licensed real estate agent originate the mortgage on the deals they already close. Expected compensation is about 100 basis points per eligible funded loan once licensed and sponsored. Ike is preparing licenses state by state.

See if you qualify

Get the yearly update for your farm area

One email when Florida rates, exemptions or transfer taxes change, and when the next reassessment lands.

Sources

Ike Mortgage LLC. NMLS ID pending. For licensing information, go to: www.nmlsconsumeraccess.org. Nothing on this page is a loan payment, rate, term or down payment, and nothing here is a Loan Estimate.