doc stamps: What are "Doc" Stamps?
- 01/12/07 10:54 PM
The purchase or the sale of real estate in Florida is assessed a "Doc" stamp tax. Remembering that Florida has no income tax, doc stamps are one of the taxes we pay in this state as well as many other states I should mention. The "stamps" are literally affixed to a deed in a real estate transaction. Both the seller and the buyer pay this tax - but not at the same rate. Buyers pay $.35/$100 for new money (borrowed money) such as a mortgage. The stamps are not assessed on cash paid from the Buyer. The seller is charged $.70/$100 on … (1 comments)
The purchase or the sale of real estate in Florida is assessed a "Doc" stamp tax. Remembering that Florida has no income tax, doc stamps are one of the taxes we pay in this state as well as many other states I should mention.
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