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Real Estate Conveyances
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The State Stamps Rate is 70 cents per $100
consideration or fraction thereof of Deed or other instrument conveying an
interest in real estate, and an additional 70 cents stamp being affixed
for a fraction of $100 (rounded up to the nearest $100). A 70 cents stamp
must be affixed to Deeds which have a consideration of $100 or less, this
being the minimum tax. The State
tax on deeds applies to the full consideration and the value of any
mortgage may NOT be deducted in computing the consideration.
Agreements and Contracts for Deeds require State Stamps on the total selling
price at $.70 per $100 consideration or fractional part thereof and State Stamps at
a rate of $.35 per $100.00 consideration on the balance due and intangible tax at
the rate of 2 mills on the dollar on the balance due.
EXAMPLE:
3 Page Deed, printed on 3 surfaces
(front, back and front of 2nd page)
Purchase Price: $14,640
Calculation of State Documentary Stamp
$14,640 x .70 = $102.90
Front of Page 1 |
10.00 |
Back of Page 1 |
8.50 |
Front of Page 2 |
8.50
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Recording Fee |
27.00 |
State Document Stamp |
102.90 |
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Total Cost of Recording |
$129.90
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Mortgage Notes, Promissory Notes and
Contracts
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Affix stamps to instruments themselves,
including mortgages. RATE: 35 cents
per $100 of consideration, or fractional part of $1 00.
(Rounded up to nearest SI00).
EXAMPLE:
4 page mortgage
(printing on both sides of 2 sheets)
Notes
attached which total $22,441.61
Recording Fee |
$35.50 |
State Stamp |
78.75 |
Intangible Tax (see below) |
44.88 |
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Total |
$159.13 |
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Intangible Tax
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Intangible Tax on notes, bonds or other obligations
for payment of money secured by mortgage, deed of trust or other written
specific lien in nature of a mortgage upon real property shall be paid, at
the time of recording to the Clerk of the Circuit Court. FS 199.135.
RATE: 2 mills on the dollar
EXAMPLE:
Mortgage amount: $4,380.92 x .002 = $8.76
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Instruments Subject to State
Documentary/Stamp Tax
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(not conclusive)
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Acceptances, Trade
Certificates of Indebtedness
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Chattel Mortgages w/o separate note
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Mortgage Notes
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Renewal of Options to Purchase Lands*
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Agreements for Deed
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Certified Checks
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Stock Certificates
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Debentures
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Notes, Promissory
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Bonds, Corporation
Contracts
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Assumption of Mortgage Deeds
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Sales Contracts,
conditional
* not taxable if
original note bearing stamps is attached to renewal note extending or
continuing the identical contractual obligation at time of renewal.
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Instruments Not Subject to State
Documentary/Stamp Tax
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Assignments of
Mortgages
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Satisfaction of
Mortgages
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Federal Land Bank
Notes and Mortgages
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Obligation of Federal,
State & Local Gov. Units
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Cashier's Check
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Bills of Sale
(Absolute) Conveying Personal Property
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