Purchasing a home in Florida
Florida refinance

Florida real estate and title settlement attorney


State and County fees:
70 cents per $100 (.007)           Documentary Stamps/State Tax on the Deed (Sales Price)
                                                  (60 cents per $100 if Miami-Dade County)
35 cents per $100                      Documentary Stamps/State Tax on the mortgage

20 cents per $100                      Intangible Tax/County Tax on the mortgage

$10 first page,                              Recording charges
$8.50 each additional page



Owner's mortgage policy of Title Insurance:
Up to  100,000                        $5.75 per 1,000

Up to 1,000,000                      $575 for first 100,000 plus
                                                $5.00 per 1,000 thereafter

Up to 5,000,000                      $5,075 for first 1,000,000 plus
                                                $2.50 per 1,000 thereafter

 

PURCHASE EXAMPLE:
$300,000 sales price, $270,000 loan amount

Doc Stamps on Deed=                    $2,100
(.70 X 3000= $2,100)
Doc Stamps on Mortgage=                $945
(.35 X 2,700)
Intangible Tax=                             $540
(.20 X 2700= $540)
Title Insurance Premium=                 $1,575
($575 + (5.00 X 200)= $1,575)
Record 12 pages=                         $103.50
($10 + 11 x $8.50= $103.50)

 

Sample grid for Florida home purchase taxes & Title Insurance (excl. Miami-Dade County):

Loan Amount

Title Insurance
w/o Prior Policy discount*

County Tax on Mortgage

State Tax on Mortgage**

$150,000

$825

$300

$525

$200,000

1,075

400

700

$250,000

1,325

500

875

$300,000

1,575

600

1,050

$350,000

1,825

700

1,225

$400,000

2,075

800

1,400

$450,000

2,325

900

1,575

$500,000

2,575

1,000

1,750

$550,000

2,825

1,100

1,925

$600,000

3,075

1,200

2,100

$650,000

3,325

1,300

2,275

$700,000

3,575

1,400

2,450

$750,000

3,825

1,500

2,625

$800,000

4,075

1,600

2,800

$850,000

4,325

1,700

2,975

$900,000

4,575

1,800

3,150

$950,000

4,825

1,900

3,325

$1,000,000

5,075

2,000

3,500

* To qualify for the prior policy discount, Borrower must provide a copy of their previous Title Insurance Policy, and policy must be less than 3 yrs old for the discount to apply to a purchase.  The discount amount is based upon the amount of the prior policy.  The cost of a simultaneously issued Lender’s policy in a purchase transaction is $150.
**County stamps vary slightly amongst the Counties, this grid is based on Broward County.



Refinance
Property taxes are due in November. 
There is a doc stamp of $3.50 per thousand and an intangible tax of $2.50 per thousand required on every refinance in Florida.  There are not any additional transfer taxes for cash out, just use the new loan amount to calculate the doc stamps and intangible tax.  See refinance mistakes to avoid..
              

Florida counties
Alachua
 Gilchrist   Nassau
Baker
 Gulf Orange
Bay  
 Hamilton    Osceola
Bradford   
 Hardee   Palm Beach
Brevard 
 Hendry   Pasco
Broward  
 Hernando Pinellas
Charlotte 
 Highlands Polk
Citrus
 Hillsborough   Putnam
Clay   
 Indian River  Sarasota
Collier  
 Jefferson Seminole
Columbia 
 Lake St. Johns
Dade 
 Lee Santa Rosa
DeSoto 
 Leon St. Lucie
Duval 
 Madison Sumter
Escambia 
 Marion Union
Flagler 
 Manatee   Volusia
Franklin   
 Martin Walton
Gadsden 
 Monroe  
  Okaloosa  


Florida real estate and title settlement attorney
Property Title and Escrow
2624 Lord Baltimore Drive, Suite E
Baltimore, MD 21244
410-594-7282
www.proptitle.com

Raja & Kret, PLLC
651 NW 122nd Street
North Miami, FL 33168
305-688-9098

Chelsea Title
3322 Bee Ridge Road
Sarasota, FL 34239
941-926-9576

 

 

 

 

 

 

 

 

 

 

 

 

 

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