A deed transfers Florida real property in Orange County for consideration of $125,000. What documentary stamp tax is due on the deed?
Correct Answer
A) $875.00
In Florida counties other than Miami-Dade, deed documentary stamp tax is 70 cents per $100 or fraction of consideration. That yields $875.
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A single-family dwelling in Miami-Dade County is transferred for $188,500. Ignoring any exemptions and noting that the surtax does not apply to a document transferring only a single-family dwelling, what deed documentary stamp tax is due?