Escrow & Title
Florida's documentary stamp tax on a warranty deed conveying property for $275,000 is:
A$962.50
B$1,925.00✓ Correct
C$1,787.50
D$550.00
Explanation
Florida documentary stamp tax on deeds (warranty deeds, quit claim deeds, etc.) is $0.70 per $100 (or fraction thereof). $275,000 ÷ $100 = 2,750 × $0.70 = $1,925. This tax is typically paid by the seller in most Florida counties, though it can be negotiated.
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