A property sells for $350,000 in Florida. The documentary stamp tax on the deed is:
Correct Answer
B) $2,450
$350,000 ÷ 100 = 3,500 × $0.70 = $2,450.
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A Florida property sold for $400,000. Calculate the documentary stamp tax on the deed:
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Audit memo Harbor Worksheet highlights this Florida rule. In a Tallahassee transaction, a closing coordinator wants the Florida rule on who may conduct closings. Which statement is correct?