Form Gt-800025 - Tax Information For New Residents (Page 2 of 3) in pdf

Will You Purchase a Home or Business Property, Apply for a

Mortgage or Loan, or Purchase Bonds?

Documentary stamp tax is levied on documents that transfer interest in Florida real property,

such as warranty deeds and quit claim deeds.

Notes, certain renewal notes, bonds, and other written obligations to pay money executed,

signed or delivered in Florida, and mortgages and other liens filed or recorded in Florida, are

subject to the documentary stamp tax and a nonrecurring intangible tax when the obligation is

secured by a mortgage deed or other lien.

These taxes are paid to the Clerk of Court if the document is recorded, or if not recorded, the

taxes are sent directly to the Department of Revenue.

Motor Vehicle Registration and Taxes

Florida’s 6 percent use tax applies to and is due on motor vehicles brought into this state within

6 months from the date of purchase. If the purchaser resides in a county that imposes a

discretionary sales surtax, that tax will also apply. Use tax and discretionary sales surtax do

not apply if a like tax equal to or greater than 6 percent has been lawfully imposed and paid to

another state, territory of the United States, or District of Columbia.

It is presumed that a motor vehicle used in another state, territory of the United States, or

District of Columbia for 6 months or longer before being brought into Florida was not purchased

for use in Florida. To qualify for exemption from use tax, you must provide documents to prove

that the vehicle was used outside Florida for 6 months or longer.

The full amount of use tax (6 percent) and applicable discretionary sales surtax are due on any

motor vehicle imported from a foreign country into Florida. It does not matter if the motor vehicle

was used in another country for a period of 6 months or more prior to the time it is brought into

Florida. Florida does not recognize tax paid to another country when calculating the tax due.

Tax is calculated on the value of the vehicle at the time it is brought into Florida, not on the

original purchase price.

For information on registration costs, regulations, driver licenses, and minimum liability insurance

coverage requirements, contact the Department of Highway Safety and Motor Vehicles. Visit their

website at hsmv.state.fl.us/dhsmv/newflres.html or call 850-617-2000.

Payment of tax due on motor vehicle registrations and the purchase of Florida license tags

may be handled at the local county tax collector’s office.

Other Taxes and Fees

Florida does not impose personal income, inheritance, gift taxes, or intangible personal property

taxes. However, there are other taxes and fees that, in certain counties or circumstances,

Florida residents may be required to pay, such as:

•

local option transient rental taxes

•

fuel taxes

•

communications services tax

•

lead-acid battery fee

•

new tire fee

•

motor vehicle fee (Lemon Law)

•

rental car surcharge

Florida Department of Revenue, Tax Information for New Residents, Page 2

Form Gt-800025 - Tax Information For New Residents Page 2

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