Seller question
What is the documentary stamp tax when you sell a home in Miami-Dade?
Short answer
In Miami-Dade County the documentary stamp tax on a deed is 60 cents per $100 of the sale price (0.60%) when the deed transfers only a single-family residence. Other property types also pay a 45-cent surtax, for $1.05 per $100.
An example
On a $500,000 sale of a single-family residence, the tax is $3,000 (500,000 ÷ 100 × $0.60).
In every other Florida county the rate is 70 cents per $100. Miami-Dade is the exception.
Who pays it
The tax is commonly paid by the seller, but it is set by the contract and can be negotiated. Your title company calculates the exact amount and shows it on your closing statement.