sarasota taxes: 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)
sarasota taxes: Sarasota real estate taxes need to changed
- 01/07/07 03:03 AM
Maybe it is time for a new approach to taxing real estate and still keep necessary funds coming into local government. Necessary is the operative word.What is necessary?How much money do we really need to operate the county? I think it is a lot less than we spend now. By the way, where is the budget? Is it printed for examination? I need to look into these things.Ok, ask yourself, should voters have more of a say in certain county expenditures - like purchasing land for one thing or funding public enterprise like the Van Weezel. Do we need to buy … (0 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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