What Taxes Are Applicable to Me? | General Questions

For most clients, none. For all loan documents executed in Florida, a stamp tax of 0.35% per $100 or portion thereof (for example, $21 on a loan of $6,000) is levied by the state government. The transaction will be labeled “FL Documentary Stamp Tax.” Earnest will add the stamp tax to the total loan balance. The transaction will be labeled “FL Documentary Stamp Tax.” All of this tax goes directly to the Florida Department of Revenue.