Articles Posted in Real Estate Taxes

In Florida, Documentary stamp taxes are due at a rate of 70 cents per 100 dollars of transferable value (the sales price), with the exception of Miami-Dade County, whose documentary stamp tax is 60 cents per 100 dollars. Documentary stamp taxes on promissory notes are 35 cents per 100 dollars.

When somebody owns real estate in Florida, and makes it their primary residence, they’re entitled to a homestead exemption. This provides for the assessed value of your property to be reduced. It is a great benefit for us here in the State of Florida.

In Florida, an ad valorum tax is a tax on real property. It is determined by the property appraiser as of January 1 of that year.

A non-ad valorem tax is an assessment on your property tax bill for services or infrastructure that affect the property. A common type of non-ad valorem assessment is for a community development district.