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What are documentary stamp taxes?

 

Documentary stamps are a tax that is paid to the county in which the property is located. It is based off a formula. For example, in Broward, it is 70 cents on each $100, so if you're selling a home for $100,000, you multiply that by 0.70 and divide it by 100. That tax is paid by the seller.

By Eugene Vigoa, Esq.

3 SW 129th Avenue, Pembroke Pines, FL 33027 First Choice Title Services & Escrow, Inc.

© 2016 Law Office of Eugene Vigoa, PA

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