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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Bette Abrams…, Agent, Coral Springs, FL
Wed Jun 23, 2010
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
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Dawn Smith, Agent, Boca Raton, FL
Fri Jul 3, 2009
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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