Non-single-family real property in Miami-Dade County is transferred for $250,000. What total deed documentary stamp tax and surtax are due?
Correct Answer
D) $2,625
For non-single-family transfers in Miami-Dade, total tax equals 60 cents base tax plus 45 cents surtax per $100, for a combined $1.05 per $100. That produces $2,625.
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Previous Question
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?
Next Question
A deed in Broward County transfers property for $50,000 cash, and the grantee takes the property subject to an existing mortgage balance of $75,000 that counts as consideration. What documentary stamp tax is due on the deed?