Florida Transfer Tax Calculator
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Florida Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in Florida estimate their transfer tax, known as the state’s Documentary Stamp Tax. To get a ballpark idea of the transfer tax fee you might pay, enter your home’s estimated selling price above.
Need an estimated selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top Florida real estate agent and request a Comparative Market Analysis that will compare your Sunshine State home against nearby listed and recently sold properties.
How the Florida Transfer Tax is Calculated
In all Florida counties except Miami-Dade, the state’s Documentary Stamp Tax is $0.70 for every $100 of the home’s total selling price. For example, if you sold your home for $410,000 (Florida’s approximate median home price), you could expect to pay $2,870 in transfer taxes.
If your home is in Miami-Dade County, your transfer tax rate is $0.60 for every $100. On a $410,000 home, the transfer tax would be $2,460.
Surtax note: You may have heard that there is an additional surtax of $0.45 on each $100 in Miami-Dade County, but a single-family home is exempt from this additional fee.
To see what your entire home sale might cost, try HomeLight’s Florida Seller Closing Cost Calculator. You’ll also get a preliminary look at your estimated net proceeds.
Does the Seller Always Pay the Florida Transfer Tax?
In Florida, the seller is generally responsible for paying the Documentary Stamp Tax. However, who pays can be negotiated between the buyer and seller and outlined in the purchase agreement.
Some home sales may be exempt, such as:
- Transfers between spouses or former spouses as part of a divorce settlement.
- Transfers of homestead property between spouses with only an existing mortgage or lien as consideration.
- Transfers to governmental entities such as the United States, Florida government agencies, counties, municipalities, and political subdivisions.
- Personal Representative’s deeds according to a probated will (with potential tax on excess shares).
- Certain gifts where no consideration (money) is exchanged.
In addition, on a new construction home, some builders might pass the transfer tax responsibility directly to the buyer.
Make Buying and Selling Easier: Most Florida sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Resources to Plan Your Florida Home Sale
Here are some additional tools to help you plan your Florida home sale:
- Net Proceeds Calculator
- Map of recently sold homes in Florida
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commission Calculator
Sell fast without paying fees or commissions: Get a cash offer today.
With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer for your Florida home in 24 hours. If you accept the offer, you can close in as few as 10 days. Answer a few questions about your Florida property to get started.
Along with your cash offer, you’ll also receive an expert estimate of what a top Florida agent might be able to get for your home. Receive both selling options with one tool.
As you look ahead to your next home purchase, here are some helpful buyer tools: