Florida documentary stamp tax on deeds is:
Question & Answer
Review the question and all answer choices
$0.35 per $100 of consideration
$0.35 per $100 is the rate for Florida documentary stamp tax on promissory notes and other written obligations to pay money (mortgages/notes), not on deeds — this is a very common and deliberate distractor on the Florida exam.
$0.70 per $100 of consideration
$1.00 per $100 of consideration
$1.00 per $100 is not a rate used in Florida's documentary stamp tax schedule; this figure may be confused with transfer tax rates in other states, but it has no basis in Florida Statute §201.02.
$0.50 per $100 of consideration
$0.50 per $100 does not correspond to any Florida documentary stamp tax rate currently in effect; it is a plausible-sounding distractor designed to catch test-takers who are unsure of the exact statutory rate.
Why is this correct?
Answer B is correct because Florida Statute §201.02 explicitly sets the documentary stamp tax rate on deeds at $0.70 per $100 of consideration or fractional part thereof, making it one of the most commonly tested tax rates on the Florida real estate exam. For example, a $250,000 sale would generate a doc stamp tax of $1,750 (2,500 units × $0.70), and this rate applies statewide with the exception of Miami-Dade County, which uses a different surtax structure for certain transactions.
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