I would like some information about dock stamps. ie. when it is paid/what is is for...?
Answers (1)
FIRST ANSWER
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.
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