Escrow & Title
Florida's 'Documentary Stamp Tax' on deeds is payable at which rate?
A$0.35 per $100 of consideration
B$0.70 per $100 of consideration✓ Correct
C$1.00 per $100 of consideration
D$0.50 per $100 of consideration
Explanation
Florida imposes a documentary stamp tax on deeds at a rate of $0.70 per $100 (or fraction thereof) of the consideration paid, except in Miami-Dade County where it is $0.60 per $100 (plus $0.45 per $100 surtax for non-homestead properties).
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