Form Gt-800014 - Documentary Stamp Tax

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GT-800014
Documentary Stamp
R. 12/17
Tax
Which Documents Require Documentary Stamp Tax?
Documentary stamp tax is levied on documents as provided under Chapter 201, Florida Statutes (F.S.).
Documents subject to the tax include:
•
Deeds
•
Bonds
•
Notes and other written obligations to pay money
•
Mortgages, liens, and other evidences of indebtedness
Deeds
The tax rate for documents that transfer an interest in real property is $.70 per $100 (or portion
thereof) of the total consideration paid, or to be paid, for the transfer. An exception is Miami-Dade
County, where the rate is $.60 per $100 (or portion thereof) when the property is a single-family
residence. If the Miami-Dade property is anything other than a single-family residence, the tax rate is
$.60 plus $.45 surtax per $100 (or portion thereof).
Examples of documents that may include a transfer of interest in real property include:
•
Warranty deeds
•
Quit claim deeds
•
Contracts for timber, gas, oil, or mineral rights
•
Easements
•
Contracts or agreements for deed
•
Assignments of contract or agreement for deed
•
Assignments of leasehold interest
•
Assignments of beneficial interest in a trust
•
Deeds in lieu of foreclosure
Consideration generally consists of:
•
Money paid or to be paid
•
Discharge of an obligation
•
Mortgage or other lien encumbering the property
•
Exchange of property
•
Any other monetary consideration or consideration which has value
When the consideration paid or exchanged for real property is property other than money, the
consideration is equal to the fair market value of the real property.
A document that transfers an interest in real property between a husband and wife may be subject to
documentary stamp tax. If the property is mortgaged, tax is generally due on half of the outstanding
balance of the mortgage(s) encumbering the property. Tax is generally not due if the property is not
mortgaged or if the marital home is transferred due to a divorce.
Florida Department of Revenue, Documentary Stamp Tax, Page 1

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