What is the current tax rate for documentary stamps on a deed based on the sale price of a property?

The correct tax rate for documentary stamps on a deed in Florida is $.70 per $100 of value. This rate is applicable to the sale price of the property and is a tax that is imposed on the transaction of real estate to document the deed transfer. Understanding this rate is crucial for real estate professionals as it affects the overall closing costs associated with property transactions.

Documentary stamp tax is calculated based on the sales price of the property, and knowing the correct rate helps agents and their clients understand the financial implications involved in buying or selling real estate. This information is vital for accurate financial planning, budgeting, and compliance with state regulations during the transaction process.