top of page
Search

Florida Closing Costs Explained

  • Writer: Ian Wallace Harper
    Ian Wallace Harper
  • May 11
  • 1 min read

A breakdown of "Doc Stamps" and local taxes.



If you’re moving to Florida from a state like Texas or California, you might be surprised by how closing costs are calculated here. Florida has a unique set of taxes—specifically "Documentary Stamp Taxes"—that catch many buyers off guard.


The "Big Three" Florida Fees:

  1. Doc Stamps on the Deed: Typically $0.70 per $100 of the purchase price.

  2. Doc Stamps on the Note: $0.35 per $100 of the mortgage amount.

  3. Intangible Tax: A one-time tax of 2 mills ($0.002) on the total mortgage amount.


How to Save:

While taxes are set by the state, who pays what is often a negotiation. In many Florida counties, it is customary for the seller to pay for the owner’s title insurance policy, but in others (like Miami-Dade or Broward), the buyer often takes that on. Knowing the local "customs" of your specific Florida county can save you thousands at the closing table.

 
 
 

Comments

bottom of page