{"id":58136,"date":"2025-05-16T13:52:12","date_gmt":"2025-05-16T20:52:12","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=58136"},"modified":"2025-05-21T13:57:03","modified_gmt":"2025-05-21T20:57:03","slug":"broward-county-transfer-tax","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/broward-county-transfer-tax\/","title":{"rendered":"Understanding Broward County\u2019s Transfer Tax: A Quick Guide"},"content":{"rendered":"

Are you a Broward County homeowner in the process of selling or buying a home? If so, you might have questions about transfer taxes. Is there a Broward County transfer tax? How much is it? Who is responsible for paying it?<\/p>\n

Don\u2019t worry. Our quick guide will help explain how transfer taxes work in Broward County and in Florida, so you can get a better handle on what to expect when selling your home in the Sunshine State. Additionally, we will explain the impact of transfer taxes on capital gains and give you a list of exemptions you might qualify for.<\/p>\n

<\/div>\n

What are transfer taxes?<\/h2>\n

The Federal Trade Commission<\/a> defines transfer taxes as a \u201c\u200b\u200bstate or local tax payable when title to property passes from one owner to another.\u201d<\/p>\n

When you pass the title of your home \u2014 your legal right to own the property \u2014 to someone else, the government charges a tax on this exchange.<\/p>\n

Where your property is located will determine what you’ll owe in transfer taxes according to local state, county, or city guidelines. Like other taxes, these are designed to generate revenue<\/a>.<\/p>\n

Transfer taxes are sometimes referred to as \u201cdocumentary stamp taxes,\u201d as is the case in Florida.<\/p>\n

<\/div>\n

Who pays for transfer taxes?<\/h2>\n

Typically, the seller pays for any required transfer taxes in Broward County. However, in Florida, all parties of a real estate transaction are liable for transfer taxes, regardless of who agrees to pay for it (unless there are exemptions), so it\u2019s important to hammer out these details before signing the sales agreement.<\/p>\n

<\/div>\n

What are the types of transfer taxes?<\/h2>\n

Transfer taxes can differ based on local regulations, but they generally fall into three categories: state, city, and county. Here\u2019s a brief look at how it works in Broward County:<\/p>\n

State transfer taxes<\/h3>\n

Property transfers in Florida<\/a> are subject to a transfer tax of $0.70 for every $100 of the property’s value.<\/p>\n

\u200b\u200bFor example, if you sold a $500,000 home in Florida, here are the equations you would use to estimate your documentary stamp tax:<\/p>\n