Home Buying in Parkland>Question Details

Katie, Home Buyer in Fort Myers Beach, FL

I would like some information about dock stamps. ie. when it is paid/what is is for...?

Asked by Katie, Fort Myers Beach, FL Thu Jul 2, 2009

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Hi Katie

The calculation for the doc stamps was answered correctly below. It is paid at closing. The seller is responsible for the doc stamps. It is basically a sales tax...

Feel free to contact me if you have any further questions...be glad to help.

Bette Abrams PA
954-303-5158
betteabrams@aol.com
0 votes Thank Flag Link Wed Jun 23, 2010
There are 2 types of documentary stamps (one is based on the purchase price when you sell a property and the other is based on the amount of your loan/mortgage). Both are paid at closing to the County (who then remits to the Department of Revenue) when you sell, buy or refinance a property. In Florida, the doc stamps on the deed is calculated by taking the purchase price and multiplying it by .007. The doc stamps on the mortgage/note is caclulated by the taking the mortgage amount times .0035.
0 votes Thank Flag Link Fri Jul 3, 2009
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