Seller’s Estimated Net Sheet
* Documentary stamp tax on Deeds. This tax is typically a seller expense. In all Florida counties except for Miami-Dade, the tax rate imposed on deeds (including general warranty deeds, special warranty deeds, quit claim deeds, etc.) are subject to tax is $0.70 on each $100.00 or portion thereof of the total consideration. However, in Miami-Dade County, the tax rate is $0.60 cents on each $100. Miami-Dade County also has a surtax of $0.45 cents on each $100 or portion thereof. Single-family dwellings in Miami-Dade are exempt from the surtax.
** Recording Fee (Buyer Expense) $10.00 for the 1st Page plus $8.50 for each additional page. Additional $7.50 per document for electronic submission.
*** Intangible tax on promissory note (Buyer Expense) of $0.002 per one dollar $1.00 of notes secured by a mortgage.
**** Documentary stamp tax on Mortgages (Buyer Expense) are taxed based on the full amount of the debt and the tax rate is $0.35 cents per $100 or portion thereof. There is no cap on the amount of tax due.
Limitation of Liability for On-Line Calculator
The fees produced by this calculator are for informational and general purposes only. The information provided is with all warranties (express and implied) being expressly disclaimed. The quote herein may contain inaccuracies or other limitations based on real life situations and in no event will Marina Title be liable for indirect, special, incidental or consequential damages incurred. Please contact Marina Title directly for a personalized quote that is tailored to your closing transaction.
