How to Calculate the Florida Documentary Stamps

By Carter McBride
Transferring property will require a tax on the documents used to transfer the property.

A young woman holding a pen, doing her taxes image by Christopher Meder from Fotolia.com

The Florida Documentary Stamp is a tax levied in Florida on documents that transfer a property interest in Florida. The County Clerk collects this tax when the document transferring property is recorded. There is no maximum tax on these documents. The Documentary Stamp Tax also applies to documents executed or delivered in the state of Florida. The maximum tax on these documents is $2,450. Different tax rates apply to the different procedures.

Determine whether the documents transfer real property in Florida or if the documents are executed or delivered in Florida.

Determine the total amount subject to the Documentary Stamp Tax. For example, the transfer of real property has $100,000 subject to the Documentary Stamp Tax.

Multiply the amount subject to tax by 0.007 if the document transfers real property in Florida or 0.0035 if the document is executed or delivered in Florida. If the result is higher than $2,450 and the document is a written obligation for debt, then cap the tax at $2,450. In our example, $100,000 times 0.007 equals a Documentary Stamp Tax of $700.

About the Author

Carter McBride started writing in 2007 with CMBA's IP section. He has written for Bureau of National Affairs, Inc and various websites. He received a CALI Award for The Actual Impact of MasterCard's Initial Public Offering in 2008. McBride is an attorney with a Juris Doctor from Case Western Reserve University and a Master of Science in accounting from the University of Connecticut.

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